Nexa is a proof-of-work, UTXO Layer-1 Blockchain, with native tokens and smart contracts, that has the ability to scale for global P2P usage. By utilizing hardware to scale, Nexa removes two of the most important bottlenecks for scalability: Signatures and UTXO lookups.
Nexa employs technologies such as: Graphene, a new block propagation protocol that leverages the benefits of Invertible Bloom Lookup Tables (IBLT) to compress blocks by 99.6 percent and make block distribution more efficient by reducing network traffic overhead. DS-Proof is a permission-less technology to allow for instant transactions which don't require confirmations.
The team behind Nexa is Bitcoin Unlimited, who are veteran software and blockchain architects previously involved with Bitcoin Cash.
Nexa Price Analysis
As of November 24 2024 Nexa has a marketcap of $17M.
This is {{percentagefromath}} from its all time high of $0.0000418.
In terms of its tokenomics, there's a total supply of 6.7T with 100% currently outstanding.
Keep in mind Nexa has a fully diluted value of $17M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
