Colin Cantrell, Founder and Lead Developer, explains Nexus history, vision, its current state, and future plans,
Nexus seeks to Free humankind from centralized systems. Being decentralized is not merely enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time. The time has come to decentralize everything. The foundations of cryptocurrency should be built upon decentralized principles. Nexus seeks to fulfill this mission.
"Not everybody has money but everybody has time.".
Nexus is a decentralized, worldwide network distributed through three channels of security to allow for fast, secure, and decentralized transactions. These three security channels for Nexus include Prime Mining, Hash Mining, and Nexus Proof of Stake (nPOS).
Consensus in Nexus is made more robust by combining the votes across three channels: The Prime block producers; the Hash block producers; and the Staking block producers (interest-based nodes). In this way, Nexus has layers of the network that check and balance each other to prevent one layer from becoming too powerful and inhibiting the security of the network.
The reputation of Nodes (computers in the Peer-to-Peer Network) and corresponding Trust Keys (addresses that receive interest payments) is established by their honest contributions of Time, Weight, and Trust on the network. These Trust Keys become very valuable as it takes a great deal of effort to build Trust. Currently the interest rate is a variable rate that increases from 0.5% to 3% within one year the longer you build Trust on the Network..
In addition to checks and balances in consensus and Trust Keys with Network recognized Reputation providing greater security and network stability, Nexus also has Quantum Computer Resistant Private Keys with 571-bit encryption (much more secure than Bitcoin). Meaning, Nexus serves the WORLD as the most secure cryptocurrency to date.
Currently in development is a new data structure that allows the scaling of a blockchain network to better compete with, and eventually replace, current financial transaction systems, as well as less efficient databases. This new data architecture will allow the Nexus Network to grow and adapt to process increasing numbers of transactions as additional capacity is required by the network.
Nexus is actively building relationships within the aerospace industry to allow for the hardware infrastructure to be compatible with its transaction system. Nexus is building the foundation to broadcast the blockchain and Nexus Network from space. Under existing hardware infrastructure, cryptocurrency is technically under the mercy of telecommunication and government technology industries. Coupled with both the development of software and hardware, Nexus seeks to free men from centralized financial institutions..