Nexa $NEXA

Nexa is an innovative proof-of-work, UTXO Layer-1 Blockchain with native tokens and smart contracts, designed to scale for global peer-to-peer usage. The project leverages hardware to overcome two critical scalability bottlenecks: Signatures and UTXO lookups. It is developed by Bitcoin Unlimited, a team of veteran software and blockchain architects formerly affiliated with Bitcoin Cash.

Key Technologies Employed by Nexa

Several cutting-edge technologies underpin Nexa's operations. These include Graphene, Xthinner, and 0-conf, all of which work together to ensure efficient, speedy transactions and high scalability.

Graphene

Nexa utilizes Graphene, a technology that minimizes traffic overhead by decreasing block overhead, in turn making block distribution significantly more efficient.

Xthinner

Another key technology employed by Nexa is Xthinner, a revolutionary block propagation protocol that takes advantage of the merits of lexicographic transaction ordering (LTOR) to compress blocks by a staggering 99.6 percent.

0-conf

Nexa uses 0-conf, a permission-less technology that enables instant transactions without the need for confirmations. This further boosts the platform's efficiency and speed.

Team behind Nexa

The development and successful implementation of Nexa is credit to Bitcoin Unlimited, a team of seasoned software and blockchain architects with previous experience in Bitcoin Cash. With their vast knowledge and experience, they continue to drive Nexa to new heights in the crypto space.