Nexus Staking

Nexus is a peer-to-peer network, cryptocurrency, and contract technology, providing open source technology to support public DApps. Nexus was launched in 2014 and was built by a small group of innovative software architects, and is operated by a global decentralized community.

The seven-layered software stack inspired by the internet OSI model powers a register-based virtual machine that can process from 5k to 45k contracts per second. It is designed to be scalable, decentralized, and easy-to-use. In later stages sharding will be implemented that allows the network to grow relative to its node-count.

Developers use standardized APIs to build contracts that facilitate the management of ownership rights and decentralized exchange of assets and tokens.
Nexus has released some exciting developments recently, including a way to access the Nexus Wallet via a decentralized login protocol. It uses a Username, Password and PIN system, which facilitates easy widespread adoption of Cryptocurrency. The technology removes the burden of key management when using DApps, which often require third-party plugins.

Nexus is developed and maintained by:

• Colin Cantrell, a software architect, engineer, musician and composer
• Paul Screen, a software engineer with 20 years of industry experience
• Scott Simon with a long history as a systems developer, working on projects for over 30 companies
• Kendal Cormany, a programmer and game developer
• Hoang Phu Quy, a FPT University graduated software developer

And many more community members helping with small and big things.

To stake NXS coins it is recommended to run the Nexus Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).

Inside the wallet you can easily enable staking with a single click.

To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.

It is possible to stake with any amount of NXS.

However, to grow your stake rate and reach the maximum of 3.0%, your node must find a Proof of Stake block at least every 72 hours.

Please see the recommended minimum above to get the reward around every 72 hours.

Any staker can earn a minimum reward rate of 0.5%. The reward rate i gradually increasing if you are able to increase your trust within the network.

Trust is accrued by receiving a regular reward every 72 hours. If you are consistently accruing trust over 1 year, then your annual reward rate peaks at 3%.

Nexus was built from the ground up, and mined into existence, like Bitcoin. The annual growth rate of the supply of Nexus is modeled on the growth of the total world supply of Gold, an asset favored in times of crisis as a hedge against the inflation of Fiat.