Nexa

Halal Rating :
Questionable
Last Price $0.00 Last updated:
Rank 1150
1D Change -0.95 %
Market Cap $9.51m
Circulating supply 2,251,290,000,000
Maximum supply 21,000,000,000,000

Crypto Overview

Categories
  • Mineable
  • PoW
  • Store Of Value
  • DeFi
  • Scaling
  • Smart Contracts

Nexa is a proof-of-work, UTXO Layer-1 Blockchain, with native tokens and smart contracts, that has the ability to scale for global P2P usage. By utilizing hardware to scale, Nexa removes two of the most important bottlenecks for scalability: Signatures and UTXO lookups. Nexa employs technologies such as: Graphene, which reduces traffic overhead by reducing block overhead making block distribution more efficient. Xthinner, a new block propagation protocol that leverages the benefits of lexicographic transaction ordering (LTOR) to compress blocks by 99.6 percent. 0-conf, a permission-less technology to allow for instant transactions which don't require confirmations. The team behind Nexa is Bitcoin Unlimited, who are veteran software and blockchain architects previously involved with Bitcoin Cash.

Crypto Impact

To assign a comfort level investing in Nexa from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Nexa.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating