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).
The following table provides technical details of NIX according to the companies white paper:
Bitcoin core version
Block reward halving
Every 4 years for Ghostnodes
120 seconds (2 minutes)
1.5% of circulating supply
NIX Ghost Protocol
Total block reward (starting at 40 million NIX circulating supply)
NIX Platform: Where Privacy Meets Utility
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