We are back with another trading idea. Today we will make summary of NXS.
Nexus has revolutionary idea to create its mainnet on the orbit. Each satellite will operate as a full node, and connect with its peers in orbit and on the ground to establish a complete mesh network that will be resistant to external control. This robust and autonomous infrastructure will run parallel to the Internet, providing alternate pathways for the global community. How cool is that???
Nexus is creating a distributed satellite and ground based mesh network to enable global access to the Nexus blockchain. In partnership with Vector Space Systems, a nanosatellite company, we will launch communication satellites to provide a fast, affordable, and secure network with unparalleled coverage, distributed across multiple satellites for enhanced reliability and performance. The capabilities provided by the Galactic Sky platform combined with the flexibility of Vector’s launch model bring us one step closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime.
This is not the end of innovation. Three dimensional blockchain - Using a unique implementation of three consensus channels, Nexus will transform the blockchain into a 3D process called the 3 dimensional chain. By adapting to transaction volume, using trust to secure the network, and weighting transactions to determine the most efficient use of resources, the 3DC will increase decentralization and limit the influence exerted by any one system. The 3DC protocol will organically scale to meet network computational demands, which means the network will get faster as more nodes join the system.
Moreover, they claim to be first truly quantum-resistant blockchain, incorporating advanced cryptography designed to negate the threat posed by quantum technology of the future. The 3DC combines 571-bit private keys, 1024-bit Skein and Keccak quantum-resistant hashing algorithms, and an evolving signature scheme called signature chains.
Team They have a strong team (21 people on board – 6 experienced developers). Their Chief Software Architect is Collin Cantrel who is experienced coder (since he was 6), music composer and entrepreneur. He is also enthusiasts of space science and quantum phisic. He designed the whole protocol aiming to be the best and most robust.
Ajay Ahuja – very experienced executive (over 20 years) - leading global business initiatives across industries, ranging from developmental-stage companies to Fortune 100 corporations.
Scott Bischoff - has 20+ years cross-functional leadership experience in multiple Fortune 500 companies including Bristol-Myers Squibb and Teva. Areas of expertise include strategic marketing, business development, operations, project management, and finance.
When looking at google trends we are now increasing rapidly. We are level 34 and growing which is very good sign as we need interest for buy. We need buy for price increase. trends.google.com/trends/explore?q=nexus coin
Technical Analysis details:
Very low at Fibonacci scale
According to Volume Profile we just crossed the “ fair trade” line which is at 0.00023615. At this price many people have bought their NXS and want to sell with profit. We expect price rise.
According to Weis Wave we have almost no supply and demand is growing – GOOOD!
Chakin Money Flow indicator – we crossed 0 and we in uptrend. It means there is a price pressure – demand is growing.
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