Nexus Earth - The definitive decentralization cryptocurrency
One of the most ambitous projects to look forward on 2017 will be Nexus Earth, a system that aims to decentralize just about everything, including the internet, and which claims that time (not money) is the most important asset in the process of decentralization.
Decentralize the decentralization
Initially, bitcoin and many other cryptocurrency focus has been decentralization. But these systems are known to have been centralized at some point as well - from Proof of Work mining, where individuals or organizations with high purchasing power are able to nearly monopolize the mining environment, to the well known "Whales", which can dictate the flow on the economy of a cryptocurrency value.
Nexus seeks to overcome this by distributing its network through three security channels: CPU mining, GPU mining and Proof of Stake. This way, all three layers are needed to reach consensus, thus preventing any particular layer (e.g. PoW mining) to become too powerful, achieving balance and reaching a total decentralization.
A secure and scalable platform
Nexus developer team (which can be found here) aims to create the most secure and scalable cryptocurreny and blockchain network, through the use of Quantum Computer Resistant Private Keys with 571-bit encryption (much more secure than Bitcoin), as well as with the development of a totally new data structure designed to adapt the network on the ever growing number of transactions.
Nexus team also has plans to launch satellites and use them to distribute its digital currency. This is huge, since this could mean the begining of the long-awaited total decentralization and transparency on transactions worldwide by means of a revolutionary monetary system.
Things are looking good for Nexus on the upcoming years. The project so far has shown to be solid and stable, so it might be and excellent time to become a NXS holder.
Article Source: http://www.nexusearth.com/
All credits goes to the Nexus dev team.
I was reading through the Terms of Service and Privacy Practices from my cable internet provider just to see what they are giving themselves permission to do with my information and my privacy. I wish we could decentralize the communications industry somehow, but it seems there always has to be a physical connection somewhere. It doesn't look like we will be getting away from our crappy ISPs anytime soon.
Exactly, the internet is somehow centralized too. Although ambitous, this project aims to prevent that by means of launching its own satellites and provide a descentralized network. Will it ever happen? At least it is encouraging to see there are initiatives to do so.
Thanks for reading!
The communications industry has a huge upfront cost every time they need to upgrade their network infrastructure so they avoid upgrading for as long as they can remain competitive in the market or they eliminate the competition altogether while they sit and rake in subscriber fees. Communications companies are essentially incentivized to delay or prevent the improvement of the internet network infrastructure. If the vast community of Internet users could pool their own resources together to build a decentralized network infrastructure, the possibilities would be endless. But even then, someone has to physically install, maintain and upgrade it. How would you decentralize that?
Well, certainly an infrastructure would be needed for the deployment of the network, and to be honest I can't think of a way to prevent (decentralize) that fact. But hey, I'd say one step at a time; as you mentioned before, most ISP providers can do as they please with our information - we could start from there, a decentralized organization, by its own nature, would not find this practice ethical.
As for the physical part you mention, who knows, maybe in a near future the power to do this would not be centered on a particular organization, perhaps a lot of people could have the knowledge to do it, and the internet provider would only give you access to the service, but not the installation? I know it sounds pretty unrealistic, but maybe it is feasible in some way.