Nexi chain: Key development aspects!

Nexi Chain
2 min readJul 25, 2023

--

Consensus mechanism: As a DPoS blockchain, Nexi Chain relies on a group of elected validators to confirm transactions and add new blocks to the chain. Validators are chosen through a voting process where token holders can delegate their voting power to a validator of their choice.

Block time: Nexi Chain has an optimized block time of ~2 seconds, which means that new blocks are added to the chain every 2 seconds or even sooner. This allows for faster transaction confirmations and higher throughput of delegation compared to blockchains with longer block times.

Compatibility: Nexi Chain is fully EVM-compatible, which means that developers can write smart contracts using Solidity and deploy them on the Nexi Chain network. This makes it easy for developers to port their existing Ethereum-compatible dApps to Nexi Chain without significant changes.

Interoperability: Nexi Chain is designed to be interoperable with other blockchain networks through the use of cross-chain bridges. This allows users to transfer assets and data between different blockchain platforms without the need for centralized exchanges or custodians.

Staking and governance: In addition to validating transactions, validators on the Nexi Chain network are also responsible for governing the network. Validators are incentivized to act in the best interests of the network by earning staking rewards per Epoch.

Development tools: Nexi Chain provides a wide and massive range of development tools for dApp developers, including an integrated development environment (IDE) for smart contracts, and an exclusive web3.js library for interacting with the network.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

Nexi Chain
Nexi Chain

Written by Nexi Chain

EVM chain to enhance functionality and scalability of interconnected networks.

No responses yet

Write a response