NuGenesis Partnership: The LedgerX Exchange Blockchains – NuGenesis is a completely finished organization of layer 1 local blockchains. The framework includes different interoperable cross chains, equal handling, to accomplish limitless velocities and versatility. It is intended to cook for the mass reception of blockchain innovation and oblige the progress from the web to the metaverse.
NuGenesis accomplishes limitless adaptability and speed through disposing of the approval bottleneck to information stream, utilizes agreement prior to pressing and, presently executing load balancers, with their own blockchain, to augment block information, creation and speed. There is no restriction to the quantity of chains from different dialects that can be connected/crosschained that can resemble process. Without a doubt, the more clients, the quicker the exchange speed.
NuCoin is the native currency in the NuGenesis ecosystem. NuGenesis’ flagship blockchain, NuCoin, is fully operational and is already at zero-carbon emissions. It is way past the Proof Of Work (POW) vs Proof Of Stake (POS) debate!
With Proof of Authority with useful work AI (Artificial Intelligence) as one of several consensus mechanisms, including consensus before packing, NuGenesis NuCoin uses system validator nodes running on the randomness of a round robin protocol and monitored by AI to underscore system integrity.
The streamlined validation process, through the super nodes with byzantine fault tolerance and randomness, reduces unnecessarily superfluous broadcasting through validation networks. Being gasless, there are no requests from 1000’s of validators and fee actions.
NuCoin (NUC) is the asset of the world’s first AI-inspired native blockchain NuGenesis. NuGenesis a fully zero-carbon L1 solution ecosystem that relies on neither electricity/PoW nor human validators/PoS. Instead, it adopts Proof of Authority powered by dual-layer AI and GRANDPA. NuGenesis also operates LedgerX, the DEX, and a triple-blockchain parallel processing chain that runs on Delegated-revenue PoS and Consensus Before Packing.
The LedgerX Exchange Blockchains
LedgerX is a fully fledged (fiat/crypto) exchange where prices are determined by the brutality of the open market. It was designed to be an important part of the NuGenesis ecosystem to ensure capital is to be allocated by the market rather than bond curves and technocratic formulae.
LedgerX is decentralised, in that, unlike say Binance which has a central point of data storage, the data is decentralised with the 11 witness nodes across the globe. This offers a vital security advantage without compromising the instant settlement time.
The decentralisation is designed to encourage users to consolidate their holdings; view; monitor and manage their portfolio; apply metrics and analytics available without the risks of a centralised exchange. Assets from other blockchains can be deposited whilst remaining interoperable. With multi-sig treasury wallets, and allowing users to keep their private keys, it is intended to provide the user the comfort needed to optimise mass adoption.
LedgerX is scalable and has high performance; it is designed for new projects to cheaply and efficiently create or mint coins to make available to the open market, or for existing projects to obtain further liquidity through supplemental release mechanisms.
The LegerX exchange is a parallel processing tri-blockchain configuration
Three chains that run parallel together:
- Settlement chain
- Match chain
- Content chain
The consensus mechanism involves two major protocols:
- Delegated Revenue Proof of Stake
- Consensus before packing
The combined effect of which is that the transaction has already been processed when it goes through the block. This tri-chain concurrent processing achieves a 1 second block speed creation finality.
The user therefore experiences a completed order within 1 second; a speed comparable to a centralised exchange.
The settlement chain effects the ‘consensus before packing and the settlement. The content chain stores the data on finality, and the match chain matches the data (order matching) when trying to resolve it or search it. An explorer search will identify the ID of multiple transactions however they are processed as between the blockchains.
Like the NuGenesis blockchain, it is scalable such that parallel chains can be created and bridged. It is flexible in that it allows developers to create more vertical side-chain scenario. There are globally dispersed super-nodes. The 11 witness nodes are Super-nodes that are deployed in 8 countries on four continents.
The cross-chain protocol allows assets on other public chains to be anchored though smart contracts and scripts to create or be part of newly created crypto assets on the users’ LedgerX exchange wallets.
A current limitation of smart contracts is that they are not designed with parallel computing in mind and operate on a linear time ordering process. The LedgerX side-Chain protocol allows smart contract developers to introduce side chain mechanisms that concurrently process providing greater flexibility for vertical side chain scenarios.
Inference
Source of Info:
- Website: https://nucoin.com.au/
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