More

    Arizona-Based Nexus Startup Releases an All-inclusive Bitcoin (BTC) Upgrade Code

    Crypto firm Nexus announces new bitcoin-based blockchain open-source software code called 'activation' that enables smart-contract functionality to its protocol.

    Nexus, a small blockchain-based firm headquartered in Arizona made headlines on Monday when it released a product it referred to as the “seventh activation”. According to the company, this is open-source software that can be used by a BTC-based blockchain to help it enhance its functionality.

    The protocol upgrade in question here is designed to incorporate smart contract functionality to the existing Nexus blockchain. It’s a blockchain that was launched in 2014 as a fork of the initial BTC protocol. This activation is expected to become fully functional on November 11th. If the activation works as heralded, then it will only be a matter of time before the other blockchains start to borrow and implement the code.

    Nexus – What Is It?

    The blockchain was introduced to members of the public in 2014. All its operations since inception have so far been self-funded. It has managed to do this by ensuring that a small portion of the coins being minted on its blockchain is directed towards the development of its network.

    Nexus had no initial coin offering, no venture capital, and no pre-mine. It's market capitalization currently stands at $19.4 million. By the time this article was being written, its token price was retailing at $0.30, a price it has retained for almost one whole year. According to Cantrell, Nexus began as a BTC fork.

    But since then, it has undergone several activations and is now using 2 different sets of proof-of-work chains as well as a proof-of-stake system.

    Who Will Use It?

    The Nexus team has so far placed all its concentration and efforts on technology. As a result, it has not taken part in many business development efforts. However, Steve Wozniak, the Apple co-founder recently announced an education initiative partnership with the firm at an Arizona tech event. The initiative is to be built on this blockchain.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Daniel W
    Daniel W
    Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,353FansLike
    2,773FollowersFollow
    4,130FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Community Sentiment Still Bullish Despite BTC Trading 40% Lower Than Yearly High

    Bitcoin proponents had a lot of expectations from 2020, given the impending Block Reward Halving and the expected bull run. The year started as...

    Modern Monetary Theory (MMT) vs BTC to be the Main Event of 2020

    The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight...

    This Crisis Is A ‘Perfect Storm' For Bitcoin But We Could Be In For A ‘Prolonged Bear Market'

    Bitcoin is back in the green, recording the gains of 3.14% in the past 24 hours while volume on the top ten exchanges with...

    Banking Giant Santander to Bring One Pay FX Payment System to Mexico Utilizing RippleNet

    In 2020, the major Spain-based bank Santander is planning to roll out the One Pay FX program, its Ripple powered system for international payments,...

    Bitcoin Bull Market Won’t be Happening Immediately After the Halving: Bitmain CEO

    Bitcoin is currently trading above $6,300, still down over 14% on a year-to-date basis but up more than 60% from the 2020 low of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.