Nexus Cryptocurrency (NXS)has increased steadily in value since the release of the Tritium Whitepaper, which detailed plans for the evolution of blockchain on May 29th. With the whitepaper, Nexus has reclaimed a spot in the Top 50 coins on Coinmarketcap as people begin to discover its potential. The core team has expanded recently with the addition of a new CEO and marketing director, and the community is excited about the upcoming annual Nexus conference in September.
The Tritium Whitepaper details the plans to solve many of the issues found in the traditional blockchain. Tritium will address scalability by eliminating the need for each node to respond to each message. This is accomplished by using an existing technology called LISP, which is a protocol assisting in the distribution of network data to each node in a linear fashion. Incorporating this technology greatly improves the Nexus network from being decentralized to being distributed.
Of the many improvements Tritium will deliver, I have heard more excitement about the introduction of APIs for interfacing with the blockchain than any other enhancement. This means programmers can write their applications using interface technology they are already familiar with in any language, opening up blockchain development to more people than ever before.
Tritium will allow you to customize your wallet by adding modules you choose. For example, if someone creates a module to notify you if the wallet is on the incorrect chain and another to show where the wallet falls in the richlist, you can choose to add either or both of these features.
Much of the development for Tritium is already complete, and developers are being added regularly to the team. There will be releases as pieces are completed and tested. Currently, Nexus offers investors a chance to get in on new blockchain technology before it widely known, and also brings with it the peace of mind of dealing with a well established coin with history and a strong team. Nexus is not a token and a dream, and is not run by an unknown team halfway across the world.
There is other exciting technology to look forward to as well with Nexus in the next few years, including hosting nodes on cube satellites in conjunction with Vector Space, which is run by the father of Nexus’ creator and lead developer Colin Cantrell. Nexus headquarters and Vector Space are both located in Arizona where this year’s Nexus conference will be held.
For more information on Tritium, please see a more detailed article I wrote called Tritium Simplified, and for all the details, please read the newly published Tritium Whitepaper. Nexus can be purchased under the symbol NXS on both Bittrex and Cryptopia for anyone interested in researching the recent price increase.
