NIX Platform WhitePapers

After extensive tests and the message of the inflation schedule based harshly NIX supplementary specifications, the habit has been paved for neighboring big step: releasing the Ghost Protocol, nearby Staking and Ghost Vault. The transition is so ahead of the internal schedule, therefore providing our team back more era to manage the order of the delivery of the taking into account-door big project at the forefront blockchain interoperability, the very anticipated NIX first dApp: NIX DEX Manager.
Network Hard Fork around Block 53,000
To enable this consensus influence, a hard fork was necessary. This change to the protocol does not make a supplementary coin, but upgrades the network. Instructions for getting wallets and Ghostnodes ready for PoS transition were accordingly provided in this article.
After block 53,000 was generated, NIX network switched to the auxiliary PoS consensus and the billfold started supporting the later additions: Staking and Ghost Vault. This means that PoW mining is no longer handy.
Hard Facts for the New Network
PoS otherwise of PoW, after that beneficial for the setting.
Ghost Vault enabled, allowing for every one private transactions.
Staking enabled, bringing earnings to coin holders.
Block rewards adjusted, drastically decreasing inflation and auxiliary supply.
True decentralization, no mining monopolies, preventing 51% attacks.
Staking and Ghost Vault
Staking allows users earn passive pension based regarding the subject of the order of their holdings. In order to stake, the billfold needs to be unlocked for staking via the wallet menu upon the peak.
The Ghost Vault allows users to transfer their coins to the vault via a process called ghosting. These coins can subsequently be freely spent to any adjunct NIX residence without any traces and friends to the sender.
Next Steps upon the Roadmap
With the dexterously-to-get grip of start of the above mentioned features, our expansion team will now be focusing upon the adjacent tasks plus to the roadmap:
Launch NIX UI as soon as Ghost Vault, a visually greater than before and uniquely looking wallet.
Release Android and iOS mobile wallet.
Launch DEX Manager.