Hello everyone… Here I am going to inform you by writing a review to introduce a very unique new project called NuGenesis so for that, check out the article I created below to give you an idea of the project
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The Nugenesis Revolution: Realizing Blockchain Surge In Mass Adoption - How's the bounty hunter? on this occasion, there is one surprising news about a fantastic new project, namely NUGENESIS (NuCoin). Nucoin is the world's first decentralized blockchain inspired by Artificial Intelligence.
Nugenesis is a network of parallel processing blockchain systems. Nugenesis uses multiple chains with multiple interoperable languages, processing in parallel, which is believed to be important for mass adoption in the transition from internet to metaverse.
Initially, Nugenesis was a fully complete native blockchain originally created for Government applications and transnational corporations. In the context of building blockchains for Central Bank Digital Currencies (CBDC), and exchange clearing houses for settlement, the limitations of scaling and speed, latency and reliance on human miners and validators must be removed. Security must be improved, its integrity underlined by Artificial Intelligence (AI) and carbon neutral in its efficiency.
The project has now made the Nugenesis gasless network of cross-chain blockchains available for commercial and social applications to use by modifying them to maximize their efficacy for the upcoming tidal wave of mass adoption.
This means not only the most advanced next-generation multi-chain blockchain configuration system that can be operated cross-chain, but also easy and cost-effective for developers to customize their own versions that can run as parallel networks and access new explosives. potential capabilities for Smart Contracts, NFT, virtual reality innovations.
The mass adoption of blockchain technology, according to Nugenesis, occurs in a dynamically evolving environment, where global interactions will shift from the internet to the metaverse.
That is, where augmented reality and virtual reality will interact with each other and increase to replace the internet. In this environment, transactions in billions per second will be required. The current state of blockchain innovation does not accommodate metaverse requirements.
With a Nugenesis background, the team believes the quantum leap in speed and scalability creates the capacity for blockchain development for the metaverse.
Nugenesis focuses on continuous technical innovation to the broader infrastructure to take advantage of the opportunities that mainstream adoption of crypto technology offers for a growing community to continue to exploit.
Main Chain
The Nugenesis main chain are built on a combination of frameworks, one being the Substrate Blockchain builder framework. Substrate was specifically chosen so that the issue of interoperability is standard feature. Binance, Polkadot and Cosmos are likewise built on Substrate.
The NuGenesis chain upgrades as the Substrate framework upgrades and hence benefits from the extra functionally continually introduced thereby.
Nugenesis believe that the on-going innovations on the road to the metaverse are beyond the capability of the Solidity language and require the power of Link.
Nugenesis uses system validators and the system is given added integrity by a layer of AI monitoring the validator nodes to avoid corruption. Optimal efficiency with excess capacity has been achieved with 4 validators nodes that are super nodes and 1 simple or authority node. The network topology, P2P, uses the Aura round robin protocol to ensure randomisation between validators and integrity of the block.
Conduciveness To Mass Adoption
Nugenesis is designed for mass adoption by providing:
Unlike a miner in other cryptos, it is not a race where the winner takes all every computational effort of Staker-miners yields NuCoin.
Mining is done via smart phone and computer in seconds, can be delegated to a commissioned bot to do it, and every member of the community is earning NuCoin via their social media account.
Easy to use crypto-centric social media interface (just social) through which they can readily participate actively and meaningfully in the NuGenesis community.
With multi-sig treasury wallets, the fragmentation of Nucoins/SNDA's and ability to add conditions to the Nu Coins/SNDA's, become friendly, safe and easy to use for every day business, entrepreneurial, family and social transactions.
Existing, new or prospective blockchain projects can easily and cheaply.
Have access to one or more of our physical "tech hub" communities where they can physically reside and be given residence (where also in a cooperative jurisdiction). The tech hubs will be communities of approximately 1,000 residences built around a smart city design with communal features for leisure and recreation and for offices, meeting rooms, lecture theatres, conferences, labs, audio-video facilities, and will include participating VC’s and other professionals physically present to guide the projects commercialisation.
User-friendly Conducive Experience
Upon entering the NuGenesis ecosystem, every user is in the crypto business. We offer a more friendly and comforting end-user (especially novice) experience providing:
Automatic earning through on their smart phone or laptop (that is without the need for high-end specialised mining rigs).
Earn rewards (including in the form of NuCoin) for targeted advertising to them based on their metadata (not private information) on the Just Social, social media platform.
Ability to upgrade to a more substantial tier of miner-staker business, Silver-Miners, where it is not a race where the winner takes all every computational effort you make will yield you NuCoin.
Capability to add greater miner-staker business activity to increase earning potential in the more democratic fashion where they do not require specialised or expensive mining rigs and can rely on the common laptop or smartphone.
Ability to seek and perform governance roles renumerated through the minting process.
Through the decentralised ‘just social’ media platform, their business.
Users with real opportunities for active participation in the consensus and governance of the ecosystem. The founders created the infrastructure for the community to raise to positions to govern it. A comprehensive governance model is provided for more active participation to take place both regional and globally.
Government & Global Enterprise Applications
The NuGenesis blockchain has been created specifically for serious commercial and governmental applications that provides:
Freedom from reliance on POW, POS and any human validators which is considered resource and energy inefficient and insufficiently secure.
Underpinning support by system validators and Artificial Intelligence (AI) for security and system wide integrity.
Unlimited scalability with transaction speeds. A million plus transactions per second, readily comparable to Visa and Mastercard rates readily achievable. Likewise scalable to unlimited speeds, with the better the speeds the greater the number of parallel processing chains and parallel networks are added.
Other projects from whatever blockchain can be interoperable with, run as a para-chain or as a sovereign independent parallel blockchain network which, through the use of our blockchain load balancers and consensus before packing actually improves transactional speed the more users on the combined ecosphere.
Modules for a variety of consensus systems and governance protocols. The NuGenesis blockchain consensus model is Proof of Authority with useful work AI, and Grandpa and the Ledger X consensus is Delegated Revenue Proof of Stake and Consensus before packing.
Is capable for new generation smart contracts and NFTs, called "Digital Notarised Contracts" (DNCs) and "Serialised Notarised Digital Assets" (SNDAs).
The limitations to the creation, attribution and exchange of value is not limited to tokens. NuGenesis blockchains provide the rials for Token-less exchanges of anything of value to be exchanged.
The NuGenesis blockchain system framework is the bedrock for the implementation of the Virtual Realty Real, Parallel Worlds where the interaction with the community can be through avatars in a virtual reality.
The Consummate Migration Experience For Existing/New Projects
Project migration support to the NuGenesis ecosphere is facilitated by providing:
Interoperable and cross chain agnosticism to allow for easy collaboration.
The easy and cheap establishment of native blockchains customised from a modular NuGenesis blockchain that operates as fully independent blockchain in its own ecosystem without the draining of resources that would apply in parachain network.
Capability for listing projects either at VC level or directly to a fully-fledged exchange.
"Treasury re-financing model" capability that will allow existing projects to raise additional funding to improve existing projects.
An intellectual property registration system whereby scripts, solutions and even modules can be contractually patented within the NuGenesis ecosphere and able to used by others in return for micropayments and other fee earning capability.
Legal Certainty & Commercial Confidence To Facilitate Mass Adoption
Legal Certainty and commercial confidence will be induced because:
NuGenesis is a fully functional and operational blockchain at the time of the whitepaper and no funds are being raised by a pre-sale, ICO or IDO in order to build the blockchain and thereby nullifying the threat that it could be attacked as a security and imperil the enjoyment and full opportunity community members have with respect to their NuCoin.
NuGenesis has the confidence, sophistication, scalability and security necessary to satisfy governments to launch and settle their own CBDC’s and SNDA’s of their Government and infrastructure bonds and capital raisings.
The NuGenesis blockchain is useable for Government business in a number of jurisdictions and is recognised in the Special Digital Economic Zones (SDEZ's) in the recognition of instruments given legal effect.
That the SDEZ’s provide arbitration and enforcement mechanisms in the real world for these digital instruments.
The Uniform Blockchain Code in the SDEZs will provide both voluntary and legally enforceable obligations to project registered with the SDEZ, standards for disclosure (especially on capital raises), duties on
Devs/Founders/Managers/Miners, and market-driven incentives for mainstream investors to have greater confidence in crypto projects choosing to comply with some or all parts of the Code.
There will be Digital Commerce University established in each SDEZ providing for a standardised universally recognised series of qualifications appropriate for the crypto economy. These qualifications will have the benefit of allowing for confidence in the 9 standards to be adopted, the skills that are forthcoming and the collaborative scholarship and innovation in the crypto-sphere.
Conclusion
How have you understood about this NuGenesis Project? We make sure you feel impressed, why? because NuGenesis has prioritized user experience by removing barriers to mass adoption, providing liquidity by combining a complete open market exchange that has decentralized data storage for optimal security.
In addition, NuGenesis has relationships with a number of countries to implement blockchain Codes that will recognize and provide legal certainty on various crypto asset instruments, providing better governance and disclosure standards to facilitate the growth of the crypto economy.
Meanwhile, NuCoin is the native currency of the NuGenesis blockchain. NuCoin will be required for: miner-staking for the generation of rewards at different levels of business participation, governance participation as to the direction of the NuGenesis community, payment of services within the NuGenesis ecosphere, and others.
And here is the NuGenesis team line-up you need to know:
Hussein Faraj (Chief Executive Officer)
James Dimitrious Peterson (Strategy and Legal Affairs)
Luay Mohsen (Chief Technology Officer)
Muzammil Abbas (COO & Prresident - GCC Operations)
To get information directly from the official source, you can visit here:
Website: https://nucoin.com.au/
Medium: https://medium.com/@NuGenesis
Telegram: https://t.me/OfficialNuGenesis
Youtube: https://www.youtube.com/channel/UCUcwdvfmOUB9axXVaKKW4lA
Twitter: https://twitter.com/nugenesisou
Facebook: https://www.facebook.com/nutechcity
Instagram: https://www.instagram.com/nugenesis.ou/
Author : stars_world
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