Why Nexa Matters?

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15 Jan 2024

Why Nexa Matters?

Nexa is the most scalable Layer-1 blockchain ever built. It will handle over 10 billion transactions per day while offering EVM-like smart-contracts & native token services, all while staying decentralized.

Why Nexa Matters?

Global Capacity: Thanks to Nexa’s unique PoW algorithm, Nexa will scale to over 10 billion transactions per day. That’s enough capacity for the whole planet. No high fees and no waiting around for your transaction to be secured. This is thanks to new technology to remove the bottlenecks of bandwidth, storage and computation speed of nodes.

Native Tokens: Tokens are a market-validated use case for cryptocurrency which will bring significant amounts of value and network effects to Nexa. This is why Nexa offers token functionality natively without any need for special smart-contracts or token standards like ERC-20. But if you need the full power of smart-contracts for your token, you have that too.

Native NFTs: NFTs can be created much like fungible tokens on Nexa. These can be used for endless exciting functions including: digital artwork, asset ownership, tickets, in-game items, certificates or all sorts of yet to be discovered use cases. All the same incredible functionality open to tokens is also available to NFTs, meaning the sky’s the limit.

Wise-contracts: Nexa uses an ultra-scalable smart-contract system which enables practically everything possible on an EVM chain without the major scaling bottlenecks suffered by turing-complete networks. We call these ‘wise-contracts’ because not only are they smart, but also wise in how network resources are used.

PoW-Scaling: Nexa’s Proof-of-Work algorithm uses the enormous scaling power of mining incentives to bring new hardware into existence. It incentivises the creation of hardware that nodes will make use of to accelerate transaction validation to a speed not seen on any other blockchain.

Instant Transactions: Transactions are instantly sent across the network, thanks to the miner rules of the network this is enough security for certain transactions. Soon a new technology will be brought to Nexa that enables instant, trustless transactions of any amount. Anyone will be able to choose to have their payments credited instantly.

Who is Building Nexa?

Nexa has been built and continues to be maintained and upgraded by Bitcoin Unlimited, a 7 year old organisation and team of crypto OGs who have a combined experience of over 70 years building in crypto.

Bitcoin Unlimited’s software has been the backbone of Bitcoin (BTC) and then Bitcoin Cash (BCH), enabling billions of dollars in mining and economic infrastructure to operate successfully for years. Bitcoin Unlimited has now driven all of this extensive knowledge and experience into Nexa to enable many industry-leading innovations Nexa is a decentralized project of course, which means anyone can get involved and build the products, tools and services they feel are important.

Bitcoin Unlimited

Nexa is a decentralised network, so anyone can (and should) get involved in building the future financial system. But to make sure Nexa is built on a strong and sustainable foundation, Bitcoin Unlimited has committed significant resources to the development of Nexa for the foreseeable future. Learn more: https://www.bitcoinunlimited.info/

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