/biz/ - Business & Finance

Nexus’s innovation is to replace the mining pool with the blockchain itself on the Level 3 locks. Instead of miners having the authority to determine the next block by getting the winning hash, mining will become a group-wide activity. Miners will submit hashes to the network that lock the Level 2 proof of stake hashes, and agree by group consensus the data that will be locked. With no “one hash rules all,” the 3DC will be a set of hashes that will be combined into a single root hash for that block interval.

As transactions are performed, nodes in the network start verifying them immediately. When they are validated, they are locked by the CPU miners and assigned a weight (L1). This weight and trust increases as more nodes agree that the transaction has happened. As more transactions arrive, the ‘heavier’ transactions require less work and the CPU miners begin on the newer transactions.

After the transactions are validated and locked, the proof-of-stake nodes start to consolidate them into a single hash using their holdings of NXS to provide weight. This locks the transactions with the L2 Trust Lock, which is far more secure than the L1 locks, because all the information has already been verified at this stage.

The GPU miners finalize the addition of the block to the blockchain by hashing the Merkle root hash produced by the L2 Trust Locks.

https://medium.com/@gjsteele71/the-nexus-multi-dimensional-chain-simplified-9d680d9008b8

But eventually this coin will take off just like NEO. The $4 previous ATH was just the beginning.

https://medium.com/@gjsteele71/https-medium-com-gjsteele71-why-nexus-cryptocurrency-now-25dac7b022c9

>>4484141
NXS. Massive normie appeal, now is the time to load up too after its big sell off

>>4416613
NXS is dirt cheap now after a crash, I've been grabbing some of that whenever it dips below 12k. Lot of stuff coming in 2018-early 2019

>Under 20k
>Took hundred+ btc sell walls at 94k to push it down
>Whales have been pushing this down and scooping up every noob's panic sell for weeks
>At least an easy 3x when the fear stage is over and it reverses, 5x just for it returning to previous ATH

Seriously if you aren't accumulating massive amounts of this under 20k along with the whales, you do not want to make it. The team has decided to give no date for their next big release so good luck trying to catch the ride by buying/selling the rumor/news. I view this one as a long term play, but even traders shouldn't be too retarded to see the short term opportunity here after the huge dump this coin just took.

>He doesn't have buy orders spread out between 15-20k sats
>He doesn't want in on the easiest 5x run when it goes back to 95-100k leading up to Tritium release
>He wants to stay poor forever

Everybody clap your hands

You've been warned.

Right now, the NXS conference is going on and the coin itself is at a nice low dip.

They only streamed one room yesterday. And after the first couple speakers, it was pretty much empty in that room because the really hyped up speakers were in other rooms (like the Dollar Vigilante, Overstock ceo, etc.)

Today, unless they change their mind, they will continue with the same idea of only streaming one room. Now, today Colin will also be giving the state of the union on NXS in a room that is not being streamed. They plan to release all the recordings of the speakers they don't stream "at a later time."

If you're reading between the lines, it makes sense that they would want the conference goers to feel like they get exclusive first access to certain news while the price drops so real investors can step in and scoop up a ton of it cheaply. Then, "at a later time," they'll release all of the news and videos to the general public (possibly all at once to make it seem like there was more/bigger news) and the price will go crazy.

Whales aren't stupid. They can see this too. That's why they keep dumping and then putting up lower and lower sell walls, trying to get the market to panic. I've been following the order book for weeks, and the only big sell walls that come up have been at the same intervals (particularly 77k and 94k). It seems that before now, they were struggling to get many people to sell even by dumping the price. Someone (probably the NXS team) would buy up every dump to make the chart look perfect. Now it's a different story because the NXS team WANTS all this FUD in the market, and they aren't buying up the whales dumps anymore.

Literally your last chance to catch the ride before he moves all the normies with his passion

>He didn't buy the dip