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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.
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."
"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..
Security
Being the Most Secure
Scalability
Building Foundation for the Future
Partnerships
Working with High Tech Industries
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