Market Rank | #5397 |
---|---|
Market Cap | $ 0.2M |
Volume 24h | $ 535.5 |
Circ. Supply | 23.4M |
Total Supply | 100.0M |
Max Supply | ? |
Nyzo (NYZO) is currently priced at $ 0.00693655, which represents a decreased of -0.13% within the last 24 hours.
Nyzo is an innovative cryptocurrency that prides itself on being built entirely from scratch. Unlike many other digital currencies that are forks or slight modifications of existing projects, Nyzo is developed with all-new code, aiming to be the most efficient and user-friendly cryptocurrency on the market. It is designed for high scalability with a block time of just seven seconds, making it an attractive option for those who prioritize speed and efficiency in their blockchain transactions.
Nyzo was developed by an anonymous group of software developers who sought to introduce a new level of efficiency, democratization, and decentralization in the cryptocurrency space. The team's commitment to these principles is evident through Nyzo's open-source nature, allowing anyone to contribute to its development and improvement.
Nyzo operates on a highly efficient blockchain designed for quick transaction processing. With a block time of only seven seconds, Nyzo is able to handle high transaction volumes better than many of its counterparts. Its democratic nature is reflected in its consensus mechanism, which ensures that all participants have a say in the network's operations, giving it a competitive edge in terms of user governance.
Nyzo's most standout feature is its all-new codebase, which is not based on existing cryptocurrency projects. This unique approach has allowed the Nyzo team to focus on efficiency and democracy within the network. Another key aspect of Nyzo is its ability to scale seamlessly with increasing transaction volumes, a critical feature as the adoption of cryptocurrencies continues to grow.
Nyzo's rapid seven-second block time is a core component of its ability to facilitate fast transactions. This quick block time reduces the waiting period for confirmations, allowing users to send and receive funds with minimal delay. This speed is a significant advantage when compared to many other blockchains, which can have block times of several minutes.
Nyzo's democratic approach to blockchain is reflected in its consensus mechanism, which emphasizes equal participation and influence for all network users. This system encourages a distributed form of governance that aligns with the fundamental principles of decentralization in the cryptocurrency world.
Since Nyzo is a decentralized and democratic blockchain, its security is upheld by the community and technology supporting it. The network relies on its unique protocols and the consensus of its users to maintain integrity and prevent fraudulent activities. Transparency in code and operations, a key aspect of open-source projects like Nyzo, helps foster trust and security within the network, though specific details on encryption and consensus algorithms are crucial to understanding the full extent of its security measures.
The circulation and management of Nyzo’s supply are governed by the network's protocols. Unlike certain cryptocurrencies with a hard cap on their total supply, Nyzo maintains its currency through the rules established in its blockchain code. These rules dictate the creation of new Nyzo tokens and the rate at which they are introduced to the ecosystem.
The main purpose of Nyzo is to provide a decentralized, efficient, and democratic alternative to existing cryptocurrencies. With a focus on ease of use and high scalability, Nyzo aims to appeal to users who value speed, fairness, and inclusivity in the digital economy.
You can purchase Nyzo (NYZO) on Gate.io, Hotbit, among other cryptocurrency exchanges. Always ensure you are using a reputable platform to conduct any trades, and follow best practices for secure transactions.
Storing Nyzo securely requires using wallets that offer strong security measures. Users can choose between hardware wallets, which store cryptocurrencies offline for added protection, or software wallets, which provide convenience but may be more susceptible to online threats. As with any cryptocurrency, it's important to secure your wallet with strong, unique passwords and to be cautious of phishing attempts and scam websites.
ANY Blocknet Terra World Token Grey Token ProjectOasis TOKPIE Kawaii Islands Oduwa Coin GG Token
Waves Bitcoin Cash Binance USD TerraUSD IoTeX cUSDC Cardano SafeMoon
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app