The NuGenesis Flagship: NuCoin - NuCoin is the native currency in the NuGenesis ecosystem. NuGenesis flagship blockchain, NuCoin, is fully operational and is already at zero-carbon emissions. It is way past the Proof Of Work (POW) vs Proof Of Stake (POS) debate!
With Proof of Authority with useful work AI (Artificial Intelligence) as one of several consensus mechanisms, including consensus before packing, NuGenesis NuCoin uses system validator nodes running on the randomness of a round robin protocol and monitored by AI to underscore system integrity.
NuCoin integrates blockchain load balancers and system validators to efficiently flow data into infinite parallel processing blockchains. It achieves unlimited scalability and transaction speeds. The more users, the faster the transaction speed!
NuCoin has multiple uses in the NuGenesis ecosystem. It is the principal currency for all services available (and NuCoin is burned on use), including the currency used in the NuTech cities and special economic zones established with participating jurisdictions.
NuCoin is essential for staking by all projects as an effective “fee” for using the system. NuCoin is essential to the ranks involved in the Governance system. The ownership of NuCoin is designed to be widely dispersed, by contrast to tems with the intended effect that users are motivated to establish their substantial economic presence in the NuGenesis ecosystem.
Whilst a number of NuGenesis projects (such as LedgerX, Just Social, the Metarealm, V2R, Bitcoin NU and Bitcoin Green, etc) will stand on their own with their own digital assets, NuCoin holders will always be entitled to early and preferential access to these projects.
The streamlined validation process, through the super nodes with byzantine fault tolerance and randomness, reduces unnecessarily superfluous broadcasting through validation networks. Being gasless, there are no requests from 1000’s of validators and fee actions.
Bitcoin NU
For the lovers of the classic Bitcoin protocol but for whom the excessive energy demands of the mathematical processes to secure the bitcoin network are too great, NuGenesis has worked with certain Bitcoin devs to create Bitcoin Nu. The system retains the Bitcoin open source code with all the benefits of the robustness from over 12 years of testing.
The blockchain proves have that with code change alone unnecessary complexity can be removed and the consequent computational power expended. Most of the environmental problems can be minimised.
Mining can be achieved by every day users on their laptops as intended by Satoshi. They prevent the ASIC mining that uses the unnecessary resources.
Simultaneously, they can achieve scalability and efficient transaction speed: that is to 1 minute block finalisation, increasing the transaction speed from 45 T/per second as compared to the current 7 T/per second.
To offset the carbon footprint of the BTCNU mined, NuGenesis has added an "Treasury Offset Anti-carbon System Wallet" to collect a portion of mined coins to fund "carbon offset" programs such as reforestation projects.
Bitcoin Green
As a further innovation from BitCoin NU, through BitCoin Green, NuGenesis has achieved the 2nd phase in making Bitcoin tech completely green. This blockchain uses proof of useful work AI as at consensus mechanism. They incorporate NAVIS (NuGenesis Artifical Validation Intellegence System) to ensure system security and integrity.
Dedicated sub-treasuries are available for specific "carbon offset" projects in reforestation and soil rejuvination. Minting mechansims and staking protocols replace the current halving algaorithims and complexity rates. The speeds here are testing at 1, 500-100,00 T/per second
Carbon offests, in both chains are written into the code. The treasuries ensure on-going funding of reforestation and soil rejuvination automatically.
Next Generation Smart Contract Digital Notarised Contracts (DNCs)
The NuGenesis innovation to facilitate mass adoption by the mainstream economy is to go beyond existing limitations of smart contract protocols. Smart Contract Digital Notarised Contracts™ (DNCs) allow for parties to transact with more comprehensive contracts that cater for a wide range of terms and conditions to cater for the various possibilities that can arise, and consequent allocation of risks in common business practices. The AI capability will build suggested templates of contracts and instruments in an increasing number of commercial scenarios.
The AI will pull the suggested templates to a contemplated transaction, fill in the data from the respective chains and wallet IDs, and once the counterparties have signed the respective DNC, the system will witness and notarise the DNC by time-stamp hash it with a unique identifier.
Transactional scenarios may require money to be held in trust wallets, with or without multi-sigs, and impose standard business customs such as for example SGC inspections for import/export contracts. The LedgerX blockchain system allows for smart contract developers to innovate with parallel processing in the smart contract protocols removing the limitation of liner time ordering and allowing for the flexibility for both vertical and horizontal events to be incorporated.
We are in communication with a number of jurisdictions regarding the adoption of a Blockchain Code of Conduct and Crypto laws to recognise and provide forums for efficient dispute resolution that arise in blockchain technology. These jurisdictions can be made using the forum for dispute resolution and governing law for a wider variety of templated business situations.
Next Generation DeFi Through Serialisation
NuGenesis provides for digital assets to be serialised. Currently, DeFi lending has been criticised as being is little more than a pawn shop. It cannot advance beyond that with the current state of blockchain technology because recourse/security for lending is limited to those Coins and Tokens that are provided to the lender.
By contrast, NuGenesis blockchains involve innovations that include effective serialisation of each individual Coin into a Digital Notarised Contract (‘DNC’) that allows, inter alia:
- Each Coin to be effectively a new version of an NFT.
- Conditions to be placed on each coin, such as a mortgage, charge, options etc.
- Multi-signatory capacity for corporates, trusts and governments.
- Comprehensive conditions on a coin that resemble those customary in traditional capital markets (rather than short smart contracts).
The NuGenesis platform fosters the development of a fully-fledged lending platform. For example, mainstream corporate adoption would be attracted to lend crypto at, for example a 90% or even 100% LVR, for the purchase of new crypto secured by the lending.
Illations
NuGenesis is system of blockchain technologies to reap the potential in the mass adoption of the crypto market. It integrates blockchain load balancers and system validators to efficiently flow data into infinite parallel processing blockchains. The more users, the faster the transaction speed!
NuGenesis parallel processing blockchains are multilingual cross chains allowing dApps built on Eth, Substrate, Bitcoin and 29 other language systems to be seamlessly interoperable.
NuGenesis blockchain network configurations are complete and functional, and in-built in the code to constantly improve and innovate. It is entirely gasless. It is zero-carbon emission, and totally Green.
With unlimited scale and speed, the NuGenesis blockchain infrastructure is the substratum for gasless interactive NFTs, augmented, and virtual reality. The backbone of the metaverse and metarealm. Learn more about our Projects!
Useful link:
- Website: https://nucoin.com.au/
- Bounty: https://t.me/AladdinCenter_ANN/158
- Twitter: https://twitter.com/nugenesisou
- Telegram: https://t.me/OfficialNuGenesis
- Youtube: https://www.youtube.com/channel/UCUcwdvfmOUB9axXVaKKW4lA
- Instagram: https://www.instagram.com/nugenesis.ou/
- Facebook: https://www.facebook.com/nutechcity
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