What is Nexus?
Nexus was introduced in 4 July 2017 with Colin Cantrell as its founder. Nexus is a connection, or series of connections, of computers, businesses, and people with a focus on establishing new applications of finance, technology, service, and sovereignty. Blocks are created by a distributed network of miners using SHA3 algorithm and proof of stake. It has a block creation time of 5 minute for hash minting, 2.5 minute for prime minting and 1 minute for proof of stake with block size of 1MB. The effective reward is an annual interest rate that ranges between 0.5 and 3.0% annually. Nexus network can process 50,000 transactions per second.