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There's a constant race in #crypto for a novel, better, all-new solution
But is it always the right direction?
Sometimes best solutions the ones we already use.
Tried and tested, they just need a little tweak to perform even better
That's the approach taken by $NEXA
🧵
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First thing you notice when digging deep on $NEXA is the high attention to details and a very professional, comprehensive approach taken by the project's team.
Everything is thought through and carefully planned
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From cutting-edge tech, through strong emphasis on building community and social media presence, transparent communication, to clear and extensive roadmap that includes #NFTs, native #DEX, mobile and web wallets, potential exchange listings, and much more..
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This level of dedication sets $NEXA apart from many other #crypto and sparks confidence in its potential for success
It comes as no surprise as devs behind $NEXA are @BitcoinUnlimit, the same ones that stand behind $BCH
List of names with details: bitcoinunlimited.info/about/members
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They're true #crypto veterans with decades of combined deep experience in this industry. And it shows..
Another thing that these guys did great job at is capturing the original spirit of #blockchain in $NEXA
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What do I mean by that?
#Decentralization ensured by #PoW consensus
#FairLaunch
- no VCs
- no ICO
- no pre-minted coins
anyone could participate in the network from day one
It reminds me of another #Crypto based on the same principles that did great
The king - #Bitcoin
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From tech standpoint $NEXA doesn't try to reinvent the wheel, rather builds a faster more efficient vehicle on them.
It takes time-tested and reliable solutions used in #Bitcoin, like UTXO architecture, and improves upon it.
So, what are those improvements?
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1. Dynamic block sizes:
Block sizes on $NEXA are adjusted in real-time based on network conditions.
This improves overall #scalability
2. Double-spend notifications:
Detecting and preventing double-spending, increases #security of #NEXA users
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3. Deep unconfirmed transaction chains:
This allow for more transactions to be included in each block, further increasing the $NEXA's TPS
4. 2-minute confirmations:
Reduces the time required for a transaction to be confirmed, improving overall speed and user experience
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It doesn’t stop there.
@NexaMoney intends to meet the demands of the modern #crypto world with:
- their own #DEX
- #crosschain swaps
- mobile and web wallet
- #NFT
- #DAOs
..and more.
We’ll be getting a robust ecosystem built around $NEXA.
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#NEXA’s #tokenomics and supply schedule is also modeled after #Bitcoin's.
- network secured by miners who receive $NEXA as a reward
- halving roughly every 4 years
- capped total supply of 21 T $NEXA
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@NexaMoney thinks globally
Supply is designed to be sufficient for the world's economy even when all 8 billion people will be using it
Hence the 21T
But worry not. It’s not going to flood the market.
It’ll take approximately 140 years for that amount of $NEXA to be reached
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Being aware that price is driven by supply and demand @NexaMoney aims to grow their community and become one of the most scalable, fast and secure #blockchains out there.
Success in those areas will the gradually increase the demand for $NEXA, and its price should follow
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While yelling "NEXA to $1" is unreasonable, $NEXA does show a lot of promise of being a good investment in my opinion.
With market cap of only $25 mil, this "Bitcoin 2.0" might perform as well as $KAS did - another great #PoW #Layer1
twitter.com/ElonTrades/status/1617317836405506048?s=20&t=n4ogqgRuH4v9khG8usbKOQ
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Next bull-run we might witness a renaissance of next-gen #PoW #blockchains, with $NEXA being at the very forefront of it.
Time will tell, but I'm taking my chances with this gem.
As always though, #DYOR before making any moves.
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If you found this thread interesting, I'd apprerciate if you hit the like button and RT the first tweet, to let others know about it too.
twitter.com/MoonshotsApe/status/1618690435836428290?s=20&t=abKdJwQtUU5i7ssx4DTbLQ
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How do you feel about $NEXA?
Are you a holder already or are you planning on buying?
Let me know in the comments 👇
Take care!