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


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 Daily Headlines

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

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide