Cryptocurrency attributes
Other attributes
Nexus Token is a bridging multi-network token with support for a variety of networks.
The Nexus Token will be initially issued through Polygon, which is being touted as a second
layer of the Ethereum network that allows for fast processing power and decentralization based
on "Proof of Stake," a next generation consensus algorithm. Polygon is expected to solve
Ethereum's high fee and transaction problems, and can perform transactions at a lower cost and
faster speed than other chains. Polygon's second layer (side chain) also acts as a fast
blockchain that runs alongside the main Ethereum blockchain. Polygon, a potential future
replacement for Ethereum, is also highly compatible with ERC and can be used for a variety of
applications running on the Ethereum blockchain. The total supply of Nexus Token will be fixed,
and in the case of added support for more networks, an amount of Nexus Tokens on the
polygon network equivalent to the newly issued supply will become locked.