Nexa NEXA Price

What is Nexa (NEXA)?

Nexa, a groundbreaking Layer-1 Blockchain, is setting new standards in the blockchain world with its remarkable ability to handle scalability and efficiency. Launched by Bitcoin Unlimited, a team of veteran software and blockchain architects with a rich history in Bitcoin and Bitcoin Cash development, Nexa represents a significant leap forward in blockchain technology. It is designed to accommodate global peer-to-peer (P2P) usage, ensuring that scalability bottlenecks, particularly in signatures and UTXO (Unspent Transaction Output) lookups, are effectively addressed.

One of Nexa's core strengths lies in its innovative use of hardware scaling, coupled with advanced technologies like Graphene and Xthinner. Graphene significantly reduces traffic overhead by optimizing block distribution, while Xthinner leverages the lexicographic transaction ordering system to compress blocks by an astonishing 99.6%. This approach not only makes block distribution more efficient but also supports Nexa's vision of handling over 10 billion transactions per day. Additionally, Nexa's 0-conf technology facilitates instant transactions without the need for confirmations, enhancing the user experience dramatically.

Beyond scalability, Nexa offers a rich ecosystem featuring native tokens, NFTs, and smart-contracts, including its unique 'wise-contracts.' These wise-contracts embody the efficiency of Nexa, allowing for complex operations on the blockchain without the scaling issues typical of Turing-complete networks. Furthermore, Nexa's Proof-of-Work algorithm incentivizes the creation of new hardware, accelerating transaction validation to unprecedented speeds. As a decentralized project, Nexa encourages community involvement, allowing anyone to contribute to its development and growth. With these advancements, Nexa stands poised to redefine the digital economy, providing a robust and scalable infrastructure for the world's growing blockchain needs.

What is unique about Nexa (NEXA)?

Nexa offers scalable blockchain technology with unique features like Graphene and Xthinner, enabling efficient block distribution and has high transaction speed.

Who are the founders of Nexa (NEXA)?

Nexa is developed by Bitcoin Unlimited, with key figures including Andrew Stone (Lead Developer), Andrew Clifford (B.U. President), and Peter Rizun (B.U. Secretary) among others​​.

Who are the backers/investors of Nexa (NEXA)?

Nexa has many investors and partners including Nexa Labs.

What is the consensus mechanism of Nexa (NEXA)?

Nexa utilizes a Proof-of-Work (PoW) consensus mechanism, which is designed for high scalability and efficiency in transaction processing.

Where can I buy Nexa (NEXA)?

You can buy Nexa (NEXA) on MEXC, Nonkyc.io, BitMart, BingX, CoinEx cryptocurrency exchanges.