Hectragon: TRADING WITH CRYPTOCURRENCY

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Colin Cantrell Explains Nexus

Colin Cantrell, Founder and Lead Developer, explains Nexus history, vision, its current state, and future plans,

MDC

The Multi-Dimensional Chain (MDC) was introduced by Colin Cantrell at the 2017 Nexus Crypto Currency Conference in Aspen, Colorado.

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Mission

Nexus seeks to Free humankind from centralized systems. Merely being decentralized is not enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time. The time has come to decentralize everything. The foundations of cryptocurrency should be built upon decentralized principles. Nexus seeks to fulfill this mission.

"Not everybody has money but everybody has time."

Peer to Peer Networks

Nexus Connects Us

Nexus is a decentralized, worldwide network distributed through three channels of security to allow for fast, secure, and decentralized transactions. These three security channels for Nexus include Prime Mining, Hash Mining, and Nexus Proof of Stake (nPOS).

Consensus

Coming Together

Consensus in Nexus is made more robust by combining the votes across three channels: The Prime block producers; the Hash block producers; and the Staking block producers (interest-based nodes). In this way, Nexus has layers of the network that check and balance each other to prevent one layer from becoming too powerful and inhibiting the security of the network.

Reputation

Building Trust on Trustless Networks

The reputation of Nodes (computers in the Peer-to-Peer Network) and corresponding Trust Keys (addresses that receive interest payments) is established by their honest contributions of Time, Weight, and Trust on the network. These Trust Keys become very valuable as it takes a great deal of effort to build Trust. Currently the interest rate is a variable rate that increases from 0.5% to 3% within one year the longer you build Trust on the Network..