Nexa NEXA

1. Summary

Ranks

Liquidity

87

Developer

-

Social

83

Momentum (beta)

27

Stack Rank™

-

Price

$0.000002930000 +6.0%

Market Cap

$17.26M (#1021)

Supply

5.55T / 5.55T

Tags

Layer 1 (L1) Proof of Work (PoW)

More Metrics

Price
52W High price	$0.000019002000
52W High date	26th Nov 2023 (8 months ago)
All Time High (ATH) Date	2nd Apr 2023 (1 year ago)
ATH Price	$0.000041800000
% From ATH	-91.35%
All Time Low (ATL) Date	11th Jun 2024 (1 month ago)
ATL Price	$0.000003550000
% From ATL	1.73%

Supply & Trading Volume
Trading Volume (24h)	$1.07M
Total Supply	5.55T
Max Supply	21.00T
Circulating Supply	5.55T

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Description

Nexa: Scalable Decentralized Blockchain

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Nexa: Scalable Decentralized Blockchain

Nexa is a proof-of-work, UTXO Layer-1 blockchain that natively supports tokens and offers smart contracts, ensuring seamless scalability for global peer-to-peer (P2P) usage. By leveraging hardware to scale, Nexa efficiently removes bottlenecks such as signatures and UTXO lookups, allowing for instant transactions without confirmations.

To achieve this scalability, Nexa employs technologies like Graphene, Xthinner, and 0-conf. Graphene reduces traffic overhead by lowering block overhead for efficient block distribution. Xthinner is a new block propagation protocol that leverages lexicographic transaction ordering (LTOR) to compress blocks by 99.6 percent. 0-conf technology allows for instant transactions without confirmations.

Key Features

Global Capacity

• Scalable to handle over 10 billion transactions per day, ensuring global capacity.
• Uses mining incentives to increase hardware efficiency and support.

Native Tokens

• Supports native tokens without requiring special smart-contracts or token standards like ERC-20.
• Offers full smart-contract functionality for advanced use cases.

Smart Contracts

• Employs ultra-scalable smart-contract systems for wise and efficient resource usage.
• Enables practically everything possible on an EVM chain without major scaling bottlenecks.

Proof-of-Work

• Utilizes a targeting 2-minute block time, leveraging mining incentives to accelerate hardware creation.
• Incentivizes hardware development for transaction validation speed.

Fair Launch and Team

• Nexa underwent a fair launch where all coins were mined after project announcement.
• Developments are led by Bitcoin Unlimited, who are veteran software and blockchain architects, committed to supporting the project long-term.

Native NFTs

• Enables users to create non-fungible tokens for various applications, including digital artwork, asset ownership, tickets, and in-game items.

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