Nexus: Emerging High-Performance Blockchain Project

Nexus is an innovative project centered around high-performance Blockchain technology, featuring a "web-based CPU mining" model aimed at lowering the mining threshold and attracting ordinary users to contribute computing power directly through their browsers. This project combines decentralized finance and a distributed artificial intelligence ecosystem, with the goal of compressing all verifiable computations into a single proof, integrating millions of chains and applications to create a unified world computer.

Core Advantages

• High concurrency processing capability: The Nexus public blockchain claims to handle over 3000 transactions per second, significantly surpassing the throughput of Ethereum, meeting the demands of large-scale commercial use.

• Web3.0 and Mining Integration: Through the web mining model, users can participate without professional equipment, greatly expanding the user base, emphasizing low barriers to entry and immediate rewards.

• Decentralized Finance Optimization: Built-in oracles, native Swap and other functions, specifically optimized for DeFi scenarios, aiming to replace traditional centralized financial infrastructure.

Project Vision and Technical Highlights

• Project Vision: Nexus is committed to "connecting the decentralized world", building a global computing resource pool, integrating global computing resources, achieving cross-chain interoperability, and providing developers with an efficient serverless platform.

• Technical Highlights: The project is based on Nexus zkVM technology, combining on-chain and off-chain computation methods, aimed at lowering development thresholds while ensuring system security and data immutability. It employs cutting-edge technologies such as zero-knowledge proofs, off-chain computation, and multi-party computation to ensure low cost, high security, and high scalability.

• Development Status: The project recently announced the launch of a brand new Layer 1 Blockchain and has gradually opened the test network. A detailed architecture and roadmap will be announced in the coming weeks. From February 18 to 21, 2025, Nexus will launch Testnet II to prepare for the integration of the Layer 1 Blockchain.

Team Background and Financing Situation

• CEO Daniel Marin: Stanford graduate, international physics Olympiad medalist, active developer on GitHub.

• Advisor Dan Boneh: Stanford cryptography professor, member of the National Academy of Engineering, providing academic authority endorsement for the project.

• Execution Team: Composed of highly specialized cryptography experts with extensive experience in the Web3 industry.

• Financing Scale: The project has completed approximately $2.2 million in Seed round and $25 million in Series A financing in its early stages, with a total financing amount of about $27.2 million.

• Investors: including well-known institutions such as Pantera Capital, Lightspeed Venture Capital, and Dragonfly Capital.

Participate in Nexus Testing

Nexus Network is currently in the initial Beta testing phase. Users can participate in mining through the official website without the need to bind a wallet. It is recommended that users do not clear their browser cache during participation to prevent points from being lost.

Participation Steps:

1. Visit the Nexus official website
2. Click the "Connect" button to start mining.
3. Keep the page open and continue mining.

Note: Mining speed is related to computer configuration, and devices with stronger performance will achieve higher mining efficiency and returns. Ensure a stable network connection to avoid disconnections or lags that can affect mining efficiency.

Comparison of Nexus and Competing Projects

|Dimension|Nexus|A distributed computing power network project|Traditional financial public chain| |---|---|---|---| |User Threshold|Direct mining on the web, zero hardware cost|Need to install client, relies on network bandwidth|Need to stake, run nodes, relatively high threshold| |Mining Mode|Device-less mining (web-based), combined with zkVM|Distributed GPU/CPU computing power sharing|Dependent on PoS or PoW| |Technical Positioning|Financial Public Blockchain + AI Integration|Distributed Computing Network|Core of Smart Contracts or High-Performance DeFi| |Ecosystem Expansion|Built-in DeFi tools, developer-friendly|Focus on computing power resource sharing|Tilted towards financial ecology, strong universality| |Security|zkVM + Decentralized Storage + Smart Contracts|Focus on the security of computing power scheduling|Rely on L1 or L2 solutions|

Nexus lowers the participation threshold through web mining, allowing ordinary users to contribute computing power and receive incentives without the need for professional hardware. Its technical positioning leans more towards the fusion of finance and computing, with strong ecological extensibility. It optimizes smart contract execution through zkVM technology, compatible with AI computing and DeFi applications, forming a more comprehensive Web3 computing infrastructure.

Security Analysis and Risk Warning

Nexus web mining has advantages such as efficient integration of zero-knowledge proofs, decentralized parallel computing, and a low-threshold user experience. However, the core technology and security of the project have not yet been validated on a large scale in the market, and web mining requires higher technical security.

Potential Risks:

• Code security and vulnerabilities: Web mining code may have vulnerabilities or backdoors.
• Data privacy issues: The transmission and storage security of user information needs to be ensured.
• Phishing and Impersonation Risks: Fake websites or phishing attacks may occur.
• Resource abuse and performance impact: Prolonged idling may cause the device to overheat and increase power consumption.

Security Recommendations:

• Conduct comprehensive code audits and vulnerability scans
• Ensure data transmission is encrypted and secure
• Strengthen user education and clearly disclose the risks of the testing phase.
• Adopting a multi-layered protection architecture to safeguard server security.

Conclusion

As an emerging Layer 1 Blockchain, Nexus faces a series of challenges while promoting the integration of global computing resources, including decentralized mining, smart contract vulnerabilities, governance security, and the stability of economic models. Security is not only a technical issue but also a lifeline for the long-term development of the Nexus ecosystem. The project needs to continuously optimize and iterate security measures to strengthen its defensive capabilities in order to occupy an important position in the global decentralized computing network.