Nagezeni (NZE): Cryptocurrency For Social Content Rewards?
What Is Nagezeni?
Nagezeni is a unique cryptocurrency that enables the secure, instant, scalable, and user-friendly transfer of value from on user to another in order to support a social post or creation. The cryptocurrency seeks to solve the challenge in which making small a micro transaction was not possible for online content and social interactions.
The Nagezeni token is a Rootstock token built on Bitcoin’s sidechain, which provides it with speeds of up to 300 transactions per second and the ability to confirm payments in less than 20 seconds due to its smart contracts.
Nagezeni focuses on making online social interactions better by making it easy for online communities to make tips, donations, and any kind of payment. Nagezeni will work like a ‘super like’, which means that when a user is reacting to a post, they could tip with NZE by simply clicking on their favorite social media site.
Nagezeni will be based on the three pillars of the internet, which are “support through tipping cryptocurrencies to online creators”, “advertising to encourage online present and interaction,” and “payment system to facilitate micro transactions between peers,” which will result in the token supporting all of the people and the companies that are active on social media.
How Nagezeni Cryptocurrency For Social Content Rewards Works
The Nagezeni token will be used to make payment and tips as well as be used for crowdfunding different blockchain based causes and project. Despite the availability of other utility or social coins, Nagezeni will be more appealing because it possess a connection and exchangeability to Bitcoin.
The token will also be used as an incentive method to improve social interactions between followers and creators because the Nagezeni token will allow followers to use the social coin to tip favorite post or creations as a way of supporting the creators.
In addition, the NZE token will power the online platform where users could advertise their products and services and pay using the NZE token. The online platform will enable creators or users to post their projects or launch their own crowdfunding campaigns.
The Nagezeni token is not a competition or a fork of Bitcoin, but supports the original Bitcoin and enables it to acquire more uses especially in cases where it is required to undertake micro transactions. Furthermore, Nagezeni can be exchanged for other cryptocurrencies such as Bitcoin.
The Nagezeni blockchain is secured with merge mining. The advantage of this is that it prevents double spending and fraud using Nagezeni.
In terms of confirming transactions and scalability, Nagazeni can be compared to PayPal. The token also ensures that decentralization is maintained while reducing the storage and bandwidth usage.
Nagezeni implements new theoretical protocols such as DECOR and GHOST that allows the tokens to create blocks at an average interval of 10 seconds with minimized stale block rate meaning that the payments made using the tokens will be faster. Transaction using the tokens will also not attract any additional costs.