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Naxion (NXN) is a Layer1 public blockchain mainnet and cryptocurrency launched in 2021 with a total fixed supply of 37,108,950 tokens, currently all non-circulating. It features robust web3 functionalities, including decentralized transactions, governance features, and smart contract support. Naxion stands out with its high security, fast speeds of up to 1500 TPS, and economically efficient gas fee structure, eliminating the need for a Layer 2 solution. It uses eco-friendly proof-of-work (PoW) mining, preventing access to ASICs to reduce environmental impact. Currently, the price of NXN is $0.02249957 with a 24-hour trading volume of $10,919.18, reflecting a slight decrease of -1.21%. Naxion is actively traded on one market and supports the development of decentralized applications (DApps). For more information, visit their official website.
Naxion (NXN) is a Layer1 public blockchain mainnet and cryptocurrency launched in 2021 with a total fixed supply of 37,108,950 tokens, currently all non-circulating. It features robust web3 functionalities, including decentralized transactions, governance features, and smart contract support. Naxion stands out with its high security, fast speeds of up to 1500 TPS, and economically efficient gas fee structure, eliminating the need for a Layer 2 solution. It uses eco-friendly proof-of-work (PoW) mining, preventing access to ASICs to reduce environmental impact. Currently, the price of NXN is $0.02249957 with a 24-hour trading volume of $10,919.18, reflecting a slight decrease of -1.21%. Naxion is actively traded on one market and supports the development of decentralized applications (DApps). For more information, visit their official website.
Naxion (NXN) is a Layer1 public blockchain and cryptocurrency launched in 2021, designed to facilitate decentralized transactions, governance, and smart contracts. It aims to provide a seamless user experience with high security, fast speeds, and low-cost transaction fees, supporting the development of decentralized applications (DApps). By using an eco-friendly proof-of-work system, Naxion reduces environmental impact while maintaining decentralization.
The Naxion blockchain is characterized by its high speed and economical gas fee structure, achieving up to 1500 transactions per second. It supports smart contracts and DApps without needing Layer 2 solutions. Additionally, its eco-friendly proof-of-work system avoids the use of ASICs, reducing power consumption and environmental impact. Secure node technology enhances transaction processing while maintaining decentralization.
Naxion distinguishes itself from other Layer1 blockchains through its combination of decentralized security, efficient transaction speeds, and low fees using proof-of-work, without resorting to environmentally detrimental mining methods. This approach allows for the development of scalable decentralized applications directly on the mainnet without additional layers, positioning Naxion as both eco-friendly and cost-effective compared to alternatives.
Naxion tokens (NXN) offer users access to a blockchain platform that prioritizes speed and affordability in transactions, along with high security and eco-friendly mining practices. As part of an efficient decentralized ecosystem, users can participate in secure governance, decentralized app development, and benefit from the network's low-cost structure, enhancing the user experience directly through the platform.
Naxion is considered eco-friendly because it employs a proof-of-work system that explicitly prevents the use of ASIC miners, thereby reducing excessive power consumption. This focus on minimal environmental impact aligns with the project's intention to maintain strict decentralization principles while prioritizing energy efficiency, contrasting with traditional PoW networks known for high energy demands.
If encountering issues with Naxion transactions, ensure your node setup adheres to the platform requirements and that your internet connection is stable. Reviewing transaction details for errors and confirming appropriate usage of wallet addresses may resolve common problems. Refer to Naxion's official resources for specific troubleshooting guidelines or the community forums for peer support.
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