Golden
NIX

NIX

Nix is a privacy cryptocurrency and multi-layered interoperability blockchain platform.

Nix is a privacy cryptocurrency and multi-layered interoperability platform that supports anonymity for decentralized applications (dApps), smart contracts, and an optional privacy layer that can be used on any blockchain. It is headquartered in San Francisco, California and was founded on April 30, 2018.



NIX uses a a Proof-of-Stake consensus mechanism that utilizes the Lyra2REv2 GPU mining algorithm, and issues the following block rewards: 65% for miners, 28% for Ghostnode holders, and 7% for development. The block time of NIX is 2 minutes and the platforms offers 60 NIX per mined block. 



NIX uses multiple layers of software architecture to ensure security and privacy, these layers are: protocol Layer (consensus mechanisms and privacy protocol), utilization layer (tools and features), communication layer (interoperability between blockchains), and dApp layer (dApp development and use cases). 



NIX Specifications

The following table provides technical details of NIX according to the companies white paper: 

Specification
Information

Bitcoin core version

0.17

Block emission

Proof-of-Stake

Block reward halving

Every 4 years for Ghostnodes

Block time

120 seconds (2 minutes)

Emission staking

1.5% of circulating supply

Governance

Full network

Initial circulation

38,000,000 NIX

Privacy

NIX Ghost Protocol

Total block reward (starting at 40 million NIX circulating supply)

~12.1 NIX



Timeline

People

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Role
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Further reading

Title
Author
Link
Type

NIX Platform: Where Privacy Meets Utility

Brian Colwell

Web

NIX: A recently announced project that is ahead of Wanchain

Crypto Araz

Web

Documentaries, videos and podcasts

Title
Date
Link





Companies

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CEO
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References