Nexus is pleased to announce the integration of the LISP (Locator Identity Separation Protocol) network architecture with Nexus Earth which allows the Nexus blockchain to run over a secure open overlay. LISP was created by Dino Farinacci, in partnership with several Cisco engineers, and is being developed and standardized by the Internet Engineering Task Force (IETF). Dino founded lispers.net after being a Cisco Fellow. At Cisco Systems he designed and implemented dozens of protocols: “more than anyone on earth”.
LISP helps the internet scale, and provides secure features for today’s newer applications, by encapsulating a packet with identifiers into a packet with topological locators. This allows the internet to route packets based on location rather than identifiers, enabling it to scale by holding less routing state. As the lispers.net website explains: “We are building state-of-the art, next generation internet architectures and protocols that enable modern-use applications to scale securely and run efficiently”.
The Cisco website notes: “LISP is a network architecture and set of protocols that implements a new semantic for IP addressing. LISP creates two namespaces and uses two IP addresses: Endpoint Identifiers (EIDs), which are assigned to end-hosts, and Routing Locators (RLOCs), which are assigned to devices (primarily routers) that make up the global routing system.”
Why is this Important
The network keeps growing with the expanding number of users and devices (think wireless phone, computers, wireless earbuds, iPads etc) so we need to have a way to consolidate data in order for the network to handle more traffic from more devices. Our internet currently runs on IPv4 which can handle 4.3 billion IP addresses, fewer than the number of people in the world. Once you add in multiple devices you can see where the current system needs to scale, and thus IPv6 comes into play. However the transition to IPv6 started in 1990 and is still not completed. LISP allows identifiers to be IPv6 addresses while the core does not have to be completely converted to IPv6 so we can address 2^128 nodes (3.4E38 addresses), close to addressing every particle (1.33E50) on earth (off by 10^12).
LISP also speeds up the user experience, as we currently don’t take the shortest path between communication devices with intermediaries such as ISPs. LISP provides increased speed & scalability.
Taking the shortest path between devices has additional implications. Peer to peer, or direct device to device, communication equates to a more secure, decentralized network mitigating delays and connection interruptions. The devices that attach to the network will have multiple connections and continuously be moving around. We want applications to keep their connections up during roaming, mitigating latency.
How LISP Works Exactly
With LISP the user receives an EID (end-point ID), which is a static Identity. Instead of your identity changing each time you move your devices, it stays fixed and encrypted, allowing everything to run more smoothly. Comparing this to blockchain, your EID basically becomes the “trust key” for your identity. This EID or address is the same address you would be using today on your devices, but the address can remain assigned to you and is independent of how and where you connect to the network. An EID can be a “Crypto-EID”, so when a private/public key-pair is allocated to the device, the Crypto-EID is a hash of the public-key. Therefore, your identity is based on your crypto credentials, much like your Nexus Wallet address.
LISP & Nexus
For the last few months Nexus has been successfully test running two Nexus nodes, Nexus 1 & Nexus 2, that have been assigned EIDs and are using the LISP overlay.
How LISP helps Nexus
Just a single feature of LISP benefits Nexus, but there are many. LISP allows Nexus to have all of its data packets encrypted when traveling over the network. With LISP providing a direct route for information to travel there are no eavesdroppers in the middle of information transfer, providing privacy of transactions. Did you know that disclosing your physical location is a privacy issue? LISP is essentially bringing HTTPS (Hyper Text Transfer Protocol Secure) level security to Nexus.
Another way that LISP enhances Nexus is by running the blockchain over IPv6 even if the whole internet is not running on it. Nexus runs on an IPv6 overlay where LISP will allow it to connect to the IPv4 underlay.
Nexus & LISP at the Internet Engineering Task Force 101
The Nexus core team had a busy month in February as we continued to execute on key strategic initiatives to move the project forward. As discussed in a number of prior communications, we are focused on creating an all star team with a roster of some of the brightest minds on the planet. We will soon be announcing the addition of a new key executive who will help us take the project to new heights, as well as create the synergy necessary to plug us into crucial industries looking to utilize blockchain technology.
Also on the hiring front, we are continuing to bring on new developers as well as the continued utilization of contract developers where appropriate. We’re happy to introduce 3 new developers to the community in this newsletter. As we continue to build out this team we are also coming up with new ideas that are helping to shape the future development of the project in important ways that will ensure that the utility of the network is unparalleled.
For those of you who may not have seen, Colin Cantrell also released some highly impressive test stats on the LLD that show massive speed improvements over other technologies. The test compared the Nexus LLD to Google’s LevelDB and Oracle’s BerkeleyDB.
Kierre Reeg, Nexus Economist and Board Member had some insights to share on those tests:
To test the speed he had each database perform 100,000 read/writes, and the total running times were as follows:
Total Running Time 100,000 read/writes
LLD: 0.859903 seconds
LevelDB: 7.714264 seconds
BerkeleyDB 29.287241 seconds
This means that the Nexus LLD performs approximately 34 times faster than BerkeleyDB and nine times faster than Google’s LevelDB! These are highly impressive stats and it is yet another piece of proof that Nexus is developing the most advanced blockchain technology in existence today. In future newsletters we will break down those tests for you in more detail for a closer look at it’s capability.
The Nexus core team is continuing to reach out to important people in industry, finance and government to help them understand how blockchain technology can help to build a better world for everyone. We are constantly taking meetings that have the potential to help the network’s integration into high impact areas of economy and governance.
We strongly believe that industry leaders will want to build out layer 2 solutions on the best networks in existence with regard to speed, security and scalability; Nexus continues to lead the pack in all three categories. With our exciting new hires, innovative technology and groundbreaking ideas we plan on bringing blockchain technology to the masses to facilitate new forms of economic development and help create a more abundant world for us all.
WE ARE NEXUS!
Here is the latest development update from Software Engineer & Core Developer Brian Smith:
We have brought on three new developers and intend to continue growing. While training and working with each of our new developers we have been continuing our effort on Tritium development. The intent is for them to learn as much as possible over the coming weeks and place them where they fit best in our organization. In order to accelerate the development of the Tritium Interface (The New Wallet) each of our new devs have been tasked with finalizing one of the modules.
This month, we are excited to share with you an update from Phil Swazey who is our Lead Satellite Engineer but you can call him “SatelliteGuy”:
The Nexus One satellite, likely to be known as NXS1, shall be built by Space Inventor (http://space-inventor.com/). To the best of Nexus’ knowledge this might be the first satellite ever purchased using crypto currency and would set a new precedent.
The planned satellite launch location is the Pacific Spaceport Complex – Alaska which was formerly known as the Kodiak Launch Complex. The satellite is currently planned to be launched into a sun-synchronous orbit.
Operations of the satellite will be performed from Space Inventors facility and tracking station in Denmark. Nexus is also considering whether to build a satellite tracking facility in Arizona to initially receive data from the satellite and perhaps even eventually operate the satellite.
The design of the satellite is very basic, and it will not have a propulsion system on board. It will maintain a 3-axis nadir pointing attitude and utilize a UHF transceiver for communications. Nexus will need to obtain an FCC experimental license to launch and operate the satellite, which has not yet been achieved. Nexus will also need to apply for an FCC license to operate any ground stations to be located in the United States or its territories.
All of these plans may be changed or cancelled at any time for any reason, but the above is the current likely path the organization is heading. Additional information on this program might be further disclosed in the coming months in due course.
Arizona Leads the Way to Become the First State to Accept Taxes Paid in Cryptocurrency
The Arizona Senate passed a bill in early February that will allow taxes to be paid in Bitcoin and other “recognized” cryptocurrencies. The next step for the bill will be attempted passage by the Arizona House of Representatives. If accepted by the House, Arizona will become the first state to accept tax payments in cryptocurrency. Other states including Georgia have made progress to move similar bill’s forward but Arizona is leading the way in cryptocurrency-friendly legislation
In an article in Fortune magazine on the topic, Arizona State Representative Jeff Weninger, who has sponsored similar bills, says the primary goal is to foster technological innovation in the state. He went on to say that this would also send a message to potentially the whole world that Arizona is the place to be for blockchain and cryptocurrency technology companies. The bill, in combination with ASU’s #1 ranking for innovation, could potentially draw not only cryptocurrency and blockchain based organizations, but also many other industries touched by these technologies. Nexus is headquartered in Phoenix, Arizona, and is pleased to see the state making advancements in policy to move these potentially life-changing innovations forward.
Magic Giant serenades the Nexus team at their headquarters
Magic Giant, the Los Angeles based band Billboard Magazine noted as, “Beyond the Headliners:Here Are 10 Awesome Bands Playing Coachella 2018”, stopped by the Nexus HQ on February 28th to play some live music for the team, and to talk about how we can positively impact the world together. Nexus helped to sponsor Magic Giant’s spring “Magic Misfits Tour”, seeing synergies in the bands mission with Nexus as well as looking to educate a broader market about Nexus’s capabilities.
The band began their visit by introducing the team to their music philosophy and playing a few songs, which elevated as the session went on to a high energy collaboration between the team and the band. Following the performance, the team spent some time with Magic Giant laying out Nexus’s plans to create a prosperity- based money system and brainstorming ways to continue to collaborate to bring positive change through the combination of music and technology. After a rousing dialogue, Magic Giant jammed with Colin Cantrell, founder and lead architect of Nexus, rotating instruments and making some impromptu magic!
The band played a lively show at the Crescent Ballroom in downtown Phoenix later that evening to an enthusiastic audience. There are a few stops left on the Magic Misfits tour, so make sure to catch these very talented and special musicians in concert and look for further joint venture efforts between Nexus and Magic Giant in the future.
Watch some of the footage from their visit to nexus here:
Nexus & friends hangout with Magic Giant, while Colin Cantrell jams out with them
Colin at Phoenix Startup Week: Blockchain Outside of Fintech Panel
Colin Cantrell on the Blockchain panel at Phoenix Startup Week
Colin Cantrell had the opportunity to discuss the future of blockchain “Outside of Fintech” on a panel with other experts at Phoenix Startup week, Blockchain Day on February 22. Tim Wales and Scott Yentzer of Kadima Ventures, and Mark Venge of Token IQ, were also on the panel, offering their expertise as well as discussing the exciting possibilities this technology has for revolutionizing the future of nearly every industry.
Hot topics on the panel included the transparency blockchains provide as well as how this transparency can positively impact the future of our voting systems. Blockchain Day was created to bring together founders, developers, investors and enthusiasts in Phoenix for a day focused on the discussion of blockchain innovation and collaboration.
The website described the event as “Presented in a series of top-level keynotes, interactive panel discussions and solution-based case studies with a focus on education, engaging, and building partnerships in the emerging Blockchain space.”
The Blockchain Conference explored the industries that are set to be disrupted the most by this new technology, including; legal sectors, financial services, healthcare, insurance, energy, music, government, real estate and more. The Blockchain Day was a big success with a standing-room-only crowd, as Phoenix continues to demonstrate that it is a leading center for the development of these impactful technologies.
Visit the site here to learn more about Blockchain Day:
Nexus has brought three new devs on during the month of February to help move the Nexus vission and technology forward. We’re delighted to introduce our new devs to the community!
Max Rutometkin: Max has a Bachelor’s degree in Computer Science and has worked with such programming languages as : Visual Basic, Pascal, C , C ++, Java, Python and Solidity. He received his Master’s degree in Artificial Intelligence and Machine Learning, and has also studied in the disciplines of Neural Networks and Deep Learning. Max has spent the past eight years working in financial markets, most recently on Wall Street where he used new technologies to model trading systems and strategies for global financial markets. He developed and tested systems to search for new trading signals, information collection and risk management.
Max became interested in blockchain technology while working in New York. He realized that this technology will change financial markets, as well as the world, and began programming Ethereum Smart Contracts by himself. Convinced that cryptocurrency and blockchain represent the future, Max ultimately decided to work full time in this rapidly emerging industry. He is excited to dive deep into understanding blockchain technology, and with Nexus, The World’s First 3D Chain.
When Max first discovered the Nexus Website, his reaction was, “Wow! This sounds great.” He was deeply impressed by the concept of creating a blockchain through satellites and using this network to create a powerful artificial intelligence. At Nexus, he feels that he can apply his knowledge, share his ideas and learn a lot. We can’t wait to have you as part of the Nexus team, Max!
Bryan Hallmark: Bryan Hallmark is a dedicated software engineer and web developer. Just 30 years old, he brings over a decade of experience of software development and web development from within the pharmaceutical industry. Bryan is very eager to shift gears and put his talents to use for Nexus and its community. “I’ve always enjoyed studying cryptocurrency, computer science, astronomy and physics. Working for Nexus is the perfect opportunity to combine my interests and skill set. I believe in the Nexus vision and am honored to be a part of an idea that can shape the future.”, he says. In his free time Bryan enjoys, playing ice hockey, surfing and spending time with his family and friends.
Kendal Cormany: Kendal started coding in middle school using Game Maker, a plug and play platform that got him hooked. He always enjoyed video games and creating things, so the technology brought his passions together. After college, Kendal worked on app development, and then went on to start his own company in order to develop projects that he was most passionate about, and where he saw market gaps. For the past two years, in addition to working with large data, he has been predominantly application-focused.. At Nexus, Kendal is most excited about being part of the new world of cryptocurrency and blockchain and how it can positively change the world.
Why We Do What We Do: A Telegram Conversation
On March 5th, Scott Simon, who helps facilitate tech support for Nexus, had a conversation in Telegram with Flo Adrian from the community. We wanted to share it with everyone as it reminds us of why we do what we do at Nexus, and that we are here for the betterment of humanity. Flo Adrian lives in Romania, which ranks 41st in world GDP. He is able to subsidize having limited resources available to him in his country and high expenses by mining Nexus. His monthly salary working at a car shop is $500 a month, but he is able to earn about $550 a month mining Nexus, which provides him with a substantially better quality of life. The conversation ended with him commenting, “Country’s like mine really need Nexus and we really appreciate what you do.”
A big thank you to Scott Simon and everyone from the Community who works hard everyday to forward this mission!
WE ARE NEXUS!
Nexus On Social Media:
Top Growing Community on Reddit & Substantial Growth on Twitter
Nexus had a big week on social media, gaining 10.459% Reddit subscribers between March 5th and 6th, as the community approaches 3,000 active users. Additionally, on that same day, NXS was the #1 fastest growing community in crypto on the Social app, which compiles data from Twitter and Reddit together.
The Nexus Twitter doubled its growth for the first week of March, gaining 500 new followers. The Nexus Facebook has also reached a new milestone, edging toward 10,000 followers at the time of this publication.
Please make sure to join in and participate on all of our Nexus Earth social media channels for daily updates, the latest news and to be a part of our growing community! The thing we love most about our community is your active participation in helping to build Nexus. Make sure to join our Slack and inquire about the Pod system if you would like to get more engaged in building Nexus.
Nexus Ranks #1 in Crypto for social media growth on the Social app!
Nexus at Upcoming Events & Speaking Engagements
Nexus will have a presence at several forthcoming global conferences and events, two in Australia and one in London as well as a prominent speaking engagement.The APAC Blockchain Conference will take place March 13-15th in Melbourne, and, according to their website, “looks at the real impacts and potential of blockchain technologies in Australia”. The conference brings together innovators, regulators and leaders from around the world in order to aid in the advancement of blockchain building and strategy as well as testing blockchain viability. Nexus will be speaking at the conference as well having a booth.
The second Australian event Nexus will have a presence at is the Bitcoin and Blockchain Fair in Sydney May 12-13th. This event is described as “Everything Bitcoin, cryptos and blockchain with a goal to increase awareness, innovation and assist with mass adoption across all areas of this exciting new technology.” Chris Murdock and Cain from the Community will have a booth at the fair, so please make sure to stop by and see them. Look for announcements in our Slack channel for MeetUPs and other Nexus Community gathering opportunities at these events. Nexus has a very large and active presence in Australia, and we look forward to seeing everyone there.
Alex-El Nemer from the Community will be speaking at the Global Blockchain Conference that takes place in London April 18th-19th. To learn more about the conference and to join us in London, please visit: https://blockchain-expo.com/global
Alex will also be speaking at the London Institute of Banking and Finance on the power of digital currencies and blockchain technology, how they will change our future, and where Nexus will bring another dimension to this evolving space. The London Institute of Banking and Finance was founded in 1879 as the Institute of Bankers and has evolved in line with the financial services and banking industries. In 2013 it was granted a University College title and now educates globally on the progress of international financial systems. The Institute is making advancements to address the topic of digital currency and how it impacts our global economic ecosystem. Inviting Nexus to speak at the institute aids them in this mission while giving Nexus the opportunity to continue to educate people around the world about its advanced and world changing technology.
SPEED, SECURITY & SCALABILITY = NEXUS
Thanks to the Community and growing team for another amazing month! We couldn’t do it without all of you. See you all in April!