Buy Nexa
What is Nexa?
Nexa is a proof-of-work, UTXO Layer-1 blockchain that supports native tokens and smart contracts, aiming to facilitate scalable global peer-to-peer transactions. It is designed for high performance, enabling over 10 billion transactions per day, and supports EVM-like smart contracts as well as the creation and management of Non-Fungible Tokens (NFTs).
How does Nexa work?
Nexa operates on a UTXO (Unspent Transaction Output) model which allows for efficient transaction verification. It employs a proof-of-work consensus mechanism using a unique algorithm that combines elliptic curve multiplication with SHA-256 to ensure network security. Key technologies include the Graphene protocol for block compression, which reduces network traffic, and DS-Proof for instant, confirmation-free transactions. Smart contracts on Nexa are executed using NexScript, enhancing the blockchain's capability to host decentralized applications.
What are the potential use cases for Nexa?
Nexa's scalable and efficient blockchain infrastructure supports a wide array of use cases:
- Financial Services: Enables arbitrage trading, staking, and lending through platforms built on Nexa.
- Decentralized Applications: Facilitates the development of dApps, including exchanges and DAOs.
- NFTs and Asset Management: Supports NFT creation and trading, as well as tokenization, allowing for novel financial products and digital asset management.
- Supply Chain and Verification: Offers tools for supply chain management and identity verification through its secure and transparent ledger.
What is the history of Nexa?
Nexa was developed by the Bitcoin Unlimited team, known for their involvement with Bitcoin Cash. The founding team brings over 70 years of combined experience in the crypto sector. Nexa has focused on scalability and instant transaction capabilities without experiencing any major forks. Its technological evolution includes integrating advanced systems like Graphene and DS-Proof to enable high throughput and smart contract execution while maintaining decentralization.
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Frequently Asked Questions (FAQs)
What is the current price of Nexa (NEXA)?
The Nexa price is $0.000003500319 AUD, representing a -1.54% from the day prior.
Where is the best place to buy Nexa (NEXA) in Australia?
The best place to buy Nexa (NEXA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Nexa (NEXA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Nexa (NEXA)?
The trading volume of Nexa (NEXA) is $279.6K AUD in the last 24hrs, representing a -1.54% from the day prior.
How can I buy Nexa (NEXA)?
Nexa (NEXA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Nexa (NEXA)?
The current market cap of Nexa (NEXA) is $23.9M AUD.
Can I convert Nexa (NEXA) to cash?
Yes - With Coinstash you can convert your Nexa (NEXA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Nexa (NEXA) are there?
The current circulating supply of Nexa (NEXA) is 7.0T.
Is Coinstash a safe place to buy Nexa (NEXA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Nexa (NEXA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.