May was one of the most exciting months in the history of Nexus with the release of the Tritium White Paper. Tritium is the first of the TAO update series (Tritium, Amine, Obsidian) and represents a giant leap forward in blockchain technology. Nexus is pioneering unique solutions in order to solve the industry’s most pressing challenges while maintaining the principle of a distributed landscape, hence the term Distributed Ledger Technology.
Through the creation of an innovative software stack, we are tackling the challenges of speed, scalability, ease of integration, and intuitive user experience. Tritium incorporates advanced contracts which will allow for easy integration of financial tools for increased accountability and transparency. Tritium also incorporates LISP technology into the Nexus framework to further ensure the network is distributed, secure, scalable and introduces parallelism on the network layers.
The core team also had a busy travel month with some of the team visiting Australia, where Colin Cantrell spoke at Sydney’s Bitcoin & Blockchain Fair, and others from the team in New York City for Consensus. These trips help us make important connections in the industry and educate key people on the work being done at Nexus.
Last but not least, we would like to remind everyone that we will be hosting the Second Annual Nexus Conference here in Scottsdale, Arizona from September 19th to the 22nd. See you all there!
Development update from core developer Brian Smith:
Our development team has been growing and is now structured into two different groups. The front-end developers are working on the Nexus Interface (wallet) and the back-end developers are working on the legacy code and the new Tritium protocol.
“We’ve been shoring up each of the modules as well as making sure all the Legacy QT wallet features are implemented in the new interface, and cleaning up any loose ends.” said Dillon Dugan who is part of the wallet development team.
We are continuously maintaining the legacy code base as well as working on Tritium. Colin has been working with each of the developers on specific portions of the LLL with the overarching goal of improving the code and reducing the memory footprint. We are also developing a new coder training set with explanations on how Nexus works and how it differs from other blockchain projects. Colin and Brian are additionally building out the Unified Modeling Language (UML) for the Tritium protocol.
Nexus Releases the Tritium White Paper
After a lot of hard work and much anticipation, the Tritium White Paper was released on Tuesday, May 29th. We are pleased to share the blueprint for this revolutionary technology co-authored by Colin Cantrell (Chief Architect and Founder, The Nexus Embassy) and Dino Farinacci (Lispers.net), the next evolution of blockchain scalability, integration, and usability. Just as the Nexus project has continued to grow, building and connecting with many, this paper was an unprecedented collaboration of many. Make sure to read about the amazing White Paper Community contributors, Shea, Jules and April, featured in the Community Contributor section of this newsletter.
The Tritium White Paper is here, our blueprint to the future.
Read the full Tritium White Paper here: https://nexusearth.com/tritium-white-paper/
Nexus Tritium White Paper: Overview
Blockchain is a flourishing technology that is in a constant state of change. In recent years, the global market for blockchain has grown exponentially, yet as organizations race to efficiently adopt and implement blockchain technology, they are encountering numerous scalability and implementation challenges.
Current Industry Landscape
Nearly all blockchains currently in use record information in one dimension, comparable to a single lane highway. When a highway gets congested from mass use, traffic comes to a standstill as it bottlenecks. These limitations prevent blockchains from scaling efficiently, because as more transactions are processed the network slows down. These constraints are already being widely reported via early blockchain adopters. From an enterprise perspective, there is a need for a simple interface with easy integration, thus allowing for broad applications across industries while scaling for worldwide use. Instead of building custom applications on a predetermined platform, businesses are seeking opportunities to collaborate on the design process prior to blockchain development to ensure the technology meets their individual and/or industry needs.
The Nexus Tritium Solution
Nexus is pioneering a new approach to blockchain technology that solves the biggest challenges faced by the industry: scalability, ease of integration, and intuitive user experience. Beginning with the Tritium update, Nexus is creating an innovative software stack containing multiple layers of abstraction that will streamline business integration into the Nexus framework. It will create the foundation of a cryptographic identity system and make smart contracts easily accessible through a feature-rich Application Programming Interface (API) set.
Each API will be developed through a standardization process with input from businesses, industry leaders, and developers, focused on providing a well-designed interface and seamless business integration. This unique customer engagement approach allows businesses that are building on the Nexus software stack to have input on the forward development and standards for each release. This is very important for streamlining the integration between consumers, businesses, and networks.
The software stack introduced by Tritium enables the incorporation of advanced contracts and allows for built-in smart financial instruments, such as stipulations on funds received and their appropriation. Smart financial instruments such as ‘receive signatures’ can be expanded into a form of multi-signature contracts allowing multiple parties to decide how the funds are spent, thereby increasing accountability and transparency. These organizational contracts allow businesses and consumers to function in a more streamlined and connected way.
The integration of LISP (Locator/Identifier Separation Protocol) with Nexus introduces a truly distributed, secure, and scalable infrastructure network. The combination of running Nexus over LISP with the Tritium software stack represents a new evolution of blockchain development that addresses the critical issues facing existing technology. Nexus / LISP also creates a more efficient messaging system, prevents IP address spoofing, and introduces parallelism on the network layers.
Tritium Protocol Features
- Modular architecture provides a robust and stable platform allowing for greater use case flexibility and extensibility.
- Modular design allows for a powerful range of new use cases where data integration challenges are minimized.
- The Nexus Software Stack provides parallel processing, eliminating bottlenecks.
- It allows contracts to function at scale by decoupling responsibilities into different layers of operations.
- A register-based contract engine allows for data ownership, transfer, lease, publishing, security, and monetization.
- The reputation system in the ledger builds digital reputation that couples economic incentives with greater trust.
- A relationship system in the ledger determines how nodes interact with each other, strengthening connections.
- The Lower Level Library creates easy to use templates for efficient data handling.
- Signature chains increase security and establish a digital identity system.
- A new wallet includes user-friendly modules and new modular design.
- API set designed for ease of use and seamless integration with existing software.
- Industry-specific API standardization facilitates enterprise design collaboration and ensures usability.
- LISP overlay improves scalability and security resulting in a truly distributed topology.
- LISP allows network communication to remain private, preventing eavesdropping.
- Supports multi-signature contracting allowing for consensus approval.
The Tritium Protocol, as described in the recently released white paper, is the first of three updates of the TAO framework (Tritium, Amine and Obsidian) that provides utility, scalability, and extensibility to the Nexus Blockchain architecture. It is the first step towards a practical and efficient distributed system that can be tailored to various use cases. Through an intuitive user interface and comprehensive API sets, Tritium enables seamless integration with other applications. With the upcoming implementation of Tritium, there is plenty to be excited about!
The Nexus Conference is Coming!
We’d love to see all of you at The Second Annual Nexus Conference from September 19th – 22nd in Scottsdale, AZ. Make sure to visit our conference website and join the mailing list to be among the first to be updated to reserve your Early Bird Tickets!
The Premier Blockchain Event for Business Innovation
Seeking: Visionaries, Collaborators, Builders & Innovators
Building The Future Together.
The Phoenician Resort | Scottsdale, AZ
September 19th: Blockchain 101 Course
September 20th & 21st: Conference Programing
September 21st: Nexus Party & Networking Event
Make sure to book your rooms through the Nexus Room Block to receive our special rate:
Nexus Listed on Binance Exchange
For support, check out: https://support.binance.com/hc/en-us/articles/360004543052-Binance-Lists-Nexus-NXS-
Colin Cantrell & Colin Forbes visit Australia
At the beginning of May, Colin Cantrell (Chief Architect & Founder) and Colin Forbes (Chief Financial Officer) of The Nexus Embassy traveled to Sydney, Australia to speak at Sydney’s Bitcoin & Blockchain Fair, as well as connecting with the large Nexus Community in Australia. While there, Colin and Colin participated in many interviews (see links below) covering the latest from Nexus including topics like the Embassy’s self-funding mechanism, the 3 Dimensional Chain, and more. The visit included a Facebook Live interview with Alex of ‘Nugget’s News Australia’ and a well attended Sydney MeetUp and a lively dinner with the Australian Community. At the Bitcoin Fair, in addition to having a booth Colin C. spoke on decentralized organizational structures.
A big thank you to Cain Beuchat, Mike Casey, Paul Screen and the rest of the Australian Nexus Community for their organization of the Blockchain Fair, the Nexus Booth, the Sydney MeetUp and the community dinner as well as their continued collaboration on Nexus. Colin and Colin look forward to visiting again.
Check out the interview from CryptoFinder with Colin Cantrell & Colin Forbes:
Nugget’s News Australia Facebook Live interview with Colin Cantrell & Colin Forbes*:
*disclaimer: poor sound quality
Colin Cantrell speaks with Crypto News Australia: https://youtu.be/ahkNgFh3kng
The Nexus Meetup in Sydney
The Nexus Team goes to Consensus, New York City
In early May, Ajay Ahuja (CEO), Kierre Reeg (Chief Economist), Alex El-Nemer (International Business Development) and Dionna Bailey (Business Development) attended Consensus in New York on behalf of the core team. With over 4,000 in attendance this year, Consensus has become one of the biggest blockchain conferences in the world. Consensus was a great place to connect with leaders in the industry and to gather information, as well as an opportunity to educate organizations looking for a layer one blockchain solution such as Nexus. We are excited to see these relationships materialize in the future. Hot topics at Consensus this year for the Nexus team included potential future regulation of the industry, enterprise supply chain wish lists, and overall market sentiments. The team also had the chance to connect with many Nexus Community members who were attending Consensus.
Nexus Hires another Dev
Core Dev: Francisco Hernandez
Francisco Hernandez Henaine moved to the US from Mexico when he was 16 years old to pursue academic and professional development opportunities. He has always enjoyed a passion for technology and started fixing and building computers at a young age. When he took his first coding class, he felt like he’d found what he was meant to do. Francisco got into the blockchain and cryptocurrency industry in 2017 and was truly amazed by its potential, most especially what he saw at Nexus. Some of his hobbies include foosball, pool, soccer, gaming and working out.
Interview with Alex El-Nemer
Alex El-Nemer (International Business Development) of the Nexus team had the pleasure of speaking with Dominic Bennett in an AMA video that took place on May 1st. Alex has been working from London to educate about Nexus outside of the US, including working on international use-cases, sponsorships for the conference, and helping with international press for Nexus.
Make sure to check out the interview here: https://www.youtube.com/watch?v=W02HZZW4CN8&t=211s
Tritium White Paper: Shea (@Shea), Jules (@Jules) and April (@chambermaid):
Shea, Jules, and April from the Community worked closely with Colin and Dino to write the Tritium White Paper. These dedicated community members are extremely knowledgeable in mathematics, engineering, technology and economics, and greatly help the advancement of Nexus. They have also collaborated with the team on the Nexus FAQs and the website content, and continue to educate people on the revolutionary advancements of Nexus. Our thanks to each of you for all of your hard work!
Tritium White Paper Explained: Spaid (@Spaid), Ahmed (@Medo_NZ), and Peter (@imestin):
Since the release of the White Paper, many Community members have taken the initiative to simplify the technology in order to make it more understandable for many. Thank you for your impactful contributions.
The Nexus Tritium White Paper Seven Layers Simplified:
Nexus, Tritium Protocol — A High-Level Summary:
Smart contracts in Nexus: https://steemit.com/crypto/@imestin/smart-contracts-in-nexus
Community Mining Guide: Vilcu (@Vido) and Glen (@MrProbz)
Vilcu and Glen from the Nexus Community have compiled a comprehensive and very user-friendly Community Mining Guide for anyone who is interested in mining Nexus. The guide includes everything from equipment suggestions to step-by-step instructions on how to setup miners and receive your first reward for securing the Nexus blockchain. The Nexus miners are always available to help and answer questions in our Slack. Please email [email protected] for an invitation.
Check out the Community Mining Guide Here:
We’d like to thank the Community for an unprecedented time of collaboration. The Tritium White Paper as well as Nexus’ growing blockchain advancements are proof that we are always better together. As a further testament to our growth, we’ve just reached 20,000 followers on Twitter. Thanks for all you do!
The Nexus Team