Question 1

What Is the Current Price of Nexus (NXS)?

Accepted Answer

The current price of Nexus (NXS) is XRP 0.01481176.

Question 2

What Is Nexus (NXS)?

Accepted Answer

Nexus (NXS) is a community-driven cryptocurrency project with a vision to foster a world enriched by innovative and responsible values, pervasive technology and universal connectivity. Born out of mining and not an ICO or pre-mine, Nexus has been in existence since September 23, 2014. Nexus aims to not only simplify lives, empower communities, and streamline businesses, but also reshape the landscape of the current decentralized applications (DApps) and contract platforms.

Question 3

Who Is Behind Nexus?

Accepted Answer

Nexus is a collaborative, community-driven project. The brainchilds of the project are a collective of talented and motivated individuals who are inspired to create a new-age digital landscape. They work together with its community to carry out the mission of Nexus.

Question 4

How Does Nexus Work?

Accepted Answer

Nexus operates on the Tritium Protocol, part of the TAO Framework, which launched in late 2019. This framework resulted in three significant architectural upgrades known as Tritium, Amine, and Obsidian. The seven-layered software stack that powers Nexus creates a robust DApp and contract platform that can add value across several industries. On top of this, Nexus provides an array of industry-specific JSON-based APIs that cover a wide range of applications, including encrypted communication, digital identifiers, supply chain management, asset management, cryptography, tokenization, and more.

Question 5

What Makes Nexus Unique?

Accepted Answer

Nexus is not just another cryptocurrency; it's a unique crypto platform that claims to employ several new technologies. For instance, the platform uses post-quantum signature schemes called FALCON and automatic key management functions through a technology known as 'Signature Chains'. These are used to alleviate classic key management issues by allowing users to access their accounts using usual credentials like a username, password, and PIN. Nexus is also developing a Decentralized Autonomous Organization (DAO) for governance, a hack-resistant Safenet Operating System and a decentralized satellite & mesh network. All these functions are linked through a multi-dimensional chaining structure that implements sharding, low latency transaction finality, and a genuinely decentralized multi-layer consensus.

Question 6

How Is Nexus (NXS) Secured?

Accepted Answer

Nexus claims to be secured through a combination of advanced cryptographic technologies, automated key management functions, and the architecture's multi-layered consensus mechanism. The unique 'Signature Chains' technology is designed to remove key management issues by providing users access to their accounts using a simple username and password system.

Question 7

How Much Nexus (NXS) Is Currently In Circulation?

Accepted Answer

Nexus (NXS) has a circulating supply of 80.8M and a total supply of 80.8M.

Question 8

Where Can You Purchase Nexus (NXS)?

Accepted Answer

You can buy Nexus (NXS) on the following exchanges: TradeOgre, Bittrex, Binance.

Question 9

How to Keep Your Nexus (NXS) Safe?

Accepted Answer

It's critical that you secure your Nexus tokens in a reliable crypto wallet. Remember, the multi-layer consensus and 'Signature Chains' technology is designed to aid in account security, but you also bear responsibility for maintaining your online security. Never share sensitive data relating to your account like your username, password, and PIN with anyone.

Question 10

Where Can Nexus (NXS) Be Used?

Accepted Answer

While Nexus is creating a robust platform for DApps and contracts, the uses of Nexus (NXS) are expected to expand significantly in the future. The project's focus on areas like supply chain management, asset management, cryptography, tokenization, and encrypted communication implies a vast range of potential applications across industries. However, as of now, NXS main purpose is to power the Nexus platform, much like how Ethereum's ether powers the Ethereum network.

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