Nexalt with New Concept MLC

[nexalt]

EXECUTIVE SUMMARY:
Nexalt proposes the first-ever cryptocurrency coin based on MLC. MLC is an acronym for Multi-Level-Coin. MLC is an Idea that integrates the concept of Multi-Level-Marketing in a decentralized manner.
Nexalt works just like other cryptocurrencies whereby users on the platform need their private keys to log into their wallets and public keys to send coins between themselves.
Nexalt has a unique feature which portrays the concept of MLC; In regard to this, Nexalt ensures that anyone who wants to use the Platform to send coins must have a sponsor or an upline. Any user on the platform automatically becomes a sponsor and can refer other users to the platform using their referral links. There is no maximum number of users a sponsor can have. On the platform, a sponsor can earn rewards when users mine new coins. Nexalt coins are generated through mining and miners are automatically the owners of the mined coins. This means that as many users you sponsor on the platform as many rewards you can earn, and bonuses and rewards are distributed through multiple levels. It is the first cryptocurrency that allows users to generate income for marketing it.
Nexalt is a fork of Litecoin. Nexalt uses MLC in Litecoin as a tool to make the crypto asset more valuable and marketable for the crypto community. Total supply of 100800000 XLT Coins, no more than that will exist.
Our Mission:
To develop a connection between the international crypto market and the consumers having fewer familiarities with crypto market infrastructure and those who find it difficult to use cryptocurrency in their jurisdiction. We accomplish this goal by merging mass marketing with cryptocurrency in a decentralized atmosphere and incentivized our workforce with XLT Coins.
Our Vision:
To create a decentralized atmosphere where tech experts and common people can operate cryptocurrency with equal opportunities. The miners and marketers both can earn incentives in the form of cryptocurrency. A global network for crypto lovers having equal opportunities for all
MARKET DESCRIPTION AND PROBLEMS:
The AARP Foundation's study found that 44% of participants dropped out after less than one year working with an MLM. Taylor's research shows similar numbers and goes into a little more depth on dropout rates: (https://www.thebalancesmb.com/the-likelihood-of-mlm-success-1794500)
•   A minimum of 50% of MLM representatives drops out in the first year.
•   A minimum of 90% of representatives leaves within five years.
•   By year 10, only those at or near the top have not dropped out—which means at least 95% of representatives have dropped out.
In the more recent AARP Foundation study, 66% of the MLM participants invested less than $1,000 for inventory, training, and materials while they were with an MLM organization, 24% spent between $1,000 and $4,999, and 11% paid $5,000 or more, while 23% did not remember how much they invested. Only four people reported spending more than $50,000.
The AARP Foundation found that only about 25% of those surveyed made a profit with MLM, 27% broke even, and about half of them lost money. Of the quarter that made a profit:
•   14% made less than $5,000
•   6% made between $5,000 and $9,999
•   3% made between $10,000 and $24,999
•   3% made $25,000 or more
•   .05% made $100,000 or more
There is no business that is immune to problems that need outright solutions. The business of MLM is not excluded, thereby the under-listed problems have been seen in the MLM industry, which Nexalt has tackled using the concept of MLC.
•   Limited Profit Potential for non-early birds: Non-early birds face limited profit potential in the MLM community. This is as a result of more profits and discounts being allocated to early birds. Also, many MLM programs tend to be already packing up with the rate of MLM scam projects coming up of late, thereby making the non-early birds become the prey and being used for their Exit scam.
•   Product Peddling: The majority if not all MLM project force their users into selling products before they are really able to move up in levels. This is a challenge for users on the community who have little or no marketing power to sell products, thereby thwarting their earning potentials.
•   The continual need to recruit other: There is a continual need to recruit other people in MLM projects. It is a very huge challenge faced in the industry which thwarts the earning potential of users who are unable to recruit newbies.
•   Cumbersome Mass marketing plans: Mass marketing plans are very expensive which is used only by large and well-established companies, therefore not recommended for small or medium-sized companies. Even when used by these small companies, the ROI (Return on Investment) tends to be very low, so it has discouraged them from using this form of marketing.
•   Transparency issues: Reputation in the MLM industry is at stake due to the lack of transparency encountered in the industry, and as a result, many users have suffered fraud. Nexalt looks to solve this problem by providing a transparent marketing and income plans for users.
PRODUCT DESCRIPTION AND SOLUTIONS
Nexalt has examined the above-listed problems in the MLM industry and is out to offer solutions to these problems with the help of the concept of MLC using Blockchain technologies.

•   Maximized profit potentials for all users: Nexalt has developed a maximized profit potential for users using the MLC concept. Users have the potential to earn as sponsors using the multilevel marketing or mining of XLT coins using their computer powers. Mining fees and mined coins are distributed to users according to their sponsor trees.
•   No product is being sold: No products are being sold in the Nexalt Ecosystem. Unlike the MLM ecosystem where people work for the company for penny profits by selling products, Nexalt offers the users in the Ecosystem the opportunity to work for themselves. The more work you input, the higher you earn.
•   No Mandate to recruit new members: There is no mandate to recruit new members on the ecosystem due to the multiple earning opportunities provided by the Nexalt ecosystem. For users who are not able to recruit users, they can earn through the mining of coins using their computer power. The only mandate on the ecosystem is having a sponsor. Every user must have a sponsor to use the platform.
•   Inexpensive mass Marketing plans: Nexalt has seen the challenges faced by small businesses in using mass marketing plans because of how expensive it is, therefore, we have mapped out a better plan to target these small businesses which can be seen on our websites.
•   Blockchain Transparency: One of the reasons for the praise of blockchain technology is because of its transparency feature. Every transaction on the Nexalt ecosystem is transparent and can be seen by anyone. With this, we aim to solve the transparency issues of MLM using the idea of MLC.
MLM VS MLC
The concept of MLM has gained recognition over the years and also engaged users from different parts of the world but Nexalt is proposing the first Phase of MLC. In this section, we shall outline the differences and similarities between MLM and MLC.
Similarities:
Both Platforms have multiple levels of referral systems.
Differences:
•   While in MLM, Users work for the company by selling products, Users work for themselves in MLC through Mining and Sponsor.
•   In MLM, Only early birds have a greater potential of earning more while MLC provides maximized earning for everyone, both early birds and night owls.
•   Unsold products in MLM are given back to the MLM company while coins mined and earned in MLC can be sold on exchanges.
How Nexalt Ecosystem Works
Nexalt ecosystem was built to work in very easy steps.
1. Get a sponsor key: one major requirement to be on the Nexalt ecosystem is to have a sponsor. Everyone must have a sponsor before they can use Nexalt ecosystem for mining, referral or having Nexalt Wallet.
2. Join the Network: After you have gotten your sponsor key, you can proceed to join the network. Complete it by filling in a few information about yourself after which you can be allowed to use the ecosystem and have your own Nexalt wallet.
3. Start Mining/Build Network:  Users who got their sponsor key and joined the network have two options to choose from or do both. Users who have enough computing power can start mining XLT Coins otherwise, they can start building their network with their referral links so as to earn from several levels below them.
Nexalt will target marketing companies in other to embed our decentralized and secured mass marketing and referral solutions for payment and transactional purposes. This will ensure the security and transparency of transactions on the network.
Our target is also on platforms and e-commerce stores that accept electronic payments on using our Open source POS with XLT payment gateway.
Our Business plan also includes Mass Marketing on Blockchain using XLT web solutions, thereby making it easier for anyone to launch their mass marketing campaign with low investments.
Acceptance of XLT on Ecommerce stores (Open source POS with XLT Payment Gateway)

OUR PRODUCTS
Products are one of the basic things investors seek to know before buying into or investing in a crypto project. Nexalt Ecosystem presents the following products.
MLC: Nexalt Ecosystem is proud to be the first in the cryptosphere to initiate the idea of MLC, a concept which decentralizes MLM. MLC allows users on the platform to earn coins by sponsoring other users to join the ecosystem. Every existing user of NEXALT can become the sponsor for new users and maintain their network.
Exchange: Nexalt has its own crypto exchange, Thewallets, where users can exchange their mined and earned coins for other cryptocurrencies such as BTC, LTC, DOGE coins at the moment. We look forward to integrating other coins and tokens in the future. Already, we have gained acceptance from many clients around the globe. TheWallets provides an efficient crypto trading platform for ambitious traders.
XLT Wallets: Nexalt Wallets allows users to store their XLT coins securely using their private keys. Users can send and receive XLT coins using their wallet public keys. At the moment, the wallets are available for MAC and Windows Operating system. More Operating systems will be supported in the nearest future.
Secured: Nexalt is built as a fork of one of the most secured blockchain scrypt, Litecoin. Litecoin has been in operation since 201 and has proven its stability with 99.9% Uptime while transacting billions of dollars daily.
Decentralized Finance: To ensure the system is trusted and people earn, every new user in the ecosystem is required to have a sponsor. Every user on Nexalt ecosystem is a sponsor automatically after they join the system and can begin referring other users without any hassles or further requirements.
Low-cost Fees: Nexalt offers a very low transaction fee for users’ transactions. Users can make borderless transactions and payments from anywhere, anytime.
Exchangeable: Nexalt coins can be exchanged on crypto exchanges for other cryptocurrencies and fiat. We also offer our own internal exchange where users can swap or exchange Nexalt for other cryptocurrencies like Bitcoin, Ethereum, Litecoin.
Currently, miners of XLT are being rewarded 60 XLT with an approx. average of 2.5minutes per block. There will be Halving of Nexalt coins after 840,000 Blocks.
A total of 10,080,000 XLT Coins were pre-mined which is 10% of the total supply.
TECHNICAL ANALYSIS:
Coin Name: Nexalt
Coin Symbol: XLT
Total Nexalt: 100800000
Mining Reward: 60XLT/Block
Block Time: 2 minutes and 30 seconds approx..
Halving time: 840,000 Blocks
Levels   Percentage    Rewards
10th level   3.334%   2.0004 XLT
9th level   3.334%   2.0004 XLT
8th level   3.334%   2.0004 XLT
7th level   3.334%   2.0004 XLT
6th level   3.334%   2.0004 XLT
5th level   3.334%   2.0004 XLT
4th level   3.334%   2.0004 XLT
3rd level   3.334%   2.0004 XLT
2nd level   3.334%   2.0004 XLT
1st level   3.334%   2.0004 XLT
Mining Node   66.66%   39.99 XLT
If Mining on 12th node, 1st level will not receive a commission.

Website: https://nexalt.org
Explorer: http://explorer.nexalt.com/
Pools-1: https://minexlt.com
Pools-2: https://cryptofer.net
Pools-3: https://turbomine.net
Pools-4: https://zeexlt.com
Pools-5: https://nexaltmaker.com

[1714176842]

1714176842

[1714176842]

1714176842

[1714176842]

1714176842

[INRI]

very interesting concept.. 

What will be the mining algo?
Mining will be only done throught wallet?  CPU or and GPU?
So there will be no pools available?

[nexalt]

very interesting concept.. 

What will be the mining algo?
Its Scrypt Based (Litecoin clone and MLC feature added)

Mining will be only done through the wallet?  CPU or and GPU?
Mining can be done through CPU or GPU as you want.

So there will be no pools available?
Pools-1: https://minexlt.com
Pools-2: https://cryptofer.net
Pools-3: https://turbomine.net

[ralaks]

Osama here I`ll read whole thing soon . Best of luck in this

[INRI]

What about the source code? Why not posting it here?

[Farooqobed]

Farooq here

 :- :Yes An amazing Concept:

EXECUTIVE SUMMARY:
Nexalt proposes the first-ever cryptocurrency coin based on MLC. MLC is an acronym for Multi-Level-Coin. MLC is an Idea that integrates the concept of Multi-Level-Marketing in a decentralized manner.
Nexalt works just like other cryptocurrencies whereby users on the platform need their private keys to log into their wallets and public keys to send coins between themselves.
Nexalt has a unique feature which portrays the concept of MLC; In regard to this, Nexalt ensures that anyone who wants to use the Platform to send coins must have a sponsor or an upline. Any user on the platform automatically becomes a sponsor and can refer other users to the platform using their referral links. There is no maximum number of users a sponsor can have. On the platform, a sponsor can earn rewards when users mine new coins. Nexalt coins are generated through mining and miners are automatically the owners of the mined coins. This means that as many users you sponsor on the platform as many rewards you can earn, and bonuses and rewards are distributed through multiple levels. It is the first cryptocurrency that allows users to generate income for marketing it.
Nexalt is a fork of Litecoin. Nexalt uses MLC in Litecoin as a tool to make the crypto asset more valuable and marketable for the crypto community. Total supply of 100800000 XLT Coins, no more than that will exist.
Our Mission:
To develop a connection between the international crypto market and the consumers having fewer familiarities with crypto market infrastructure and those who find it difficult to use cryptocurrency in their jurisdiction. We accomplish this goal by merging mass marketing with cryptocurrency in a decentralized atmosphere and incentivized our workforce with XLT Coins.
Our Vision:
To create a decentralized atmosphere where tech experts and common people can operate cryptocurrency with equal opportunities. The miners and marketers both can earn incentives in the form of cryptocurrency. A global network for crypto lovers having equal opportunities for all
MARKET DESCRIPTION AND PROBLEMS:
The AARP Foundation's study found that 44% of participants dropped out after less than one year working with an MLM. Taylor's research shows similar numbers and goes into a little more depth on dropout rates: (https://www.thebalancesmb.com/the-likelihood-of-mlm-success-1794500)
•   A minimum of 50% of MLM representatives drops out in the first year.
•   A minimum of 90% of representatives leaves within five years.
•   By year 10, only those at or near the top have not dropped out—which means at least 95% of representatives have dropped out.
In the more recent AARP Foundation study, 66% of the MLM participants invested less than $1,000 for inventory, training, and materials while they were with an MLM organization, 24% spent between $1,000 and $4,999, and 11% paid $5,000 or more, while 23% did not remember how much they invested. Only four people reported spending more than $50,000.
The AARP Foundation found that only about 25% of those surveyed made a profit with MLM, 27% broke even, and about half of them lost money. Of the quarter that made a profit:
•   14% made less than $5,000
•   6% made between $5,000 and $9,999
•   3% made between $10,000 and $24,999
•   3% made $25,000 or more
•   .05% made $100,000 or more
There is no business that is immune to problems that need outright solutions. The business of MLM is not excluded, thereby the under-listed problems have been seen in the MLM industry, which Nexalt has tackled using the concept of MLC.
•   Limited Profit Potential for non-early birds: Non-early birds face limited profit potential in the MLM community. This is as a result of more profits and discounts being allocated to early birds. Also, many MLM programs tend to be already packing up with the rate of MLM scam projects coming up of late, thereby making the non-early birds become the prey and being used for their Exit scam.
•   Product Peddling: The majority if not all MLM project force their users into selling products before they are really able to move up in levels. This is a challenge for users on the community who have little or no marketing power to sell products, thereby thwarting their earning potentials.
•   The continual need to recruit other: There is a continual need to recruit other people in MLM projects. It is a very huge challenge faced in the industry which thwarts the earning potential of users who are unable to recruit newbies.
•   Cumbersome Mass marketing plans: Mass marketing plans are very expensive which is used only by large and well-established companies, therefore not recommended for small or medium-sized companies. Even when used by these small companies, the ROI (Return on Investment) tends to be very low, so it has discouraged them from using this form of marketing.
•   Transparency issues: Reputation in the MLM industry is at stake due to the lack of transparency encountered in the industry, and as a result, many users have suffered fraud. Nexalt looks to solve this problem by providing a transparent marketing and income plans for users.
PRODUCT DESCRIPTION AND SOLUTIONS
Nexalt has examined the above-listed problems in the MLM industry and is out to offer solutions to these problems with the help of the concept of MLC using Blockchain technologies.

•   Maximized profit potentials for all users: Nexalt has developed a maximized profit potential for users using the MLC concept. Users have the potential to earn as sponsors using the multilevel marketing or mining of XLT coins using their computer powers. Mining fees and mined coins are distributed to users according to their sponsor trees.
•   No product is being sold: No products are being sold in the Nexalt Ecosystem. Unlike the MLM ecosystem where people work for the company for penny profits by selling products, Nexalt offers the users in the Ecosystem the opportunity to work for themselves. The more work you input, the higher you earn.
•   No Mandate to recruit new members: There is no mandate to recruit new members on the ecosystem due to the multiple earning opportunities provided by the Nexalt ecosystem. For users who are not able to recruit users, they can earn through the mining of coins using their computer power. The only mandate on the ecosystem is having a sponsor. Every user must have a sponsor to use the platform.
•   Inexpensive mass Marketing plans: Nexalt has seen the challenges faced by small businesses in using mass marketing plans because of how expensive it is, therefore, we have mapped out a better plan to target these small businesses which can be seen on our websites.
•   Blockchain Transparency: One of the reasons for the praise of blockchain technology is because of its transparency feature. Every transaction on the Nexalt ecosystem is transparent and can be seen by anyone. With this, we aim to solve the transparency issues of MLM using the idea of MLC.
MLM VS MLC
The concept of MLM has gained recognition over the years and also engaged users from different parts of the world but Nexalt is proposing the first Phase of MLC. In this section, we shall outline the differences and similarities between MLM and MLC.
Similarities:
Both Platforms have multiple levels of referral systems.
Differences:
•   While in MLM, Users work for the company by selling products, Users work for themselves in MLC through Mining and Sponsor.
•   In MLM, Only early birds have a greater potential of earning more while MLC provides maximized earning for everyone, both early birds and night owls.
•   Unsold products in MLM are given back to the MLM company while coins mined and earned in MLC can be sold on exchanges.
How Nexalt Ecosystem Works
Nexalt ecosystem was built to work in very easy steps.
1. Get a sponsor key: one major requirement to be on the Nexalt ecosystem is to have a sponsor. Everyone must have a sponsor before they can use Nexalt ecosystem for mining, referral or having Nexalt Wallet.
2. Join the Network: After you have gotten your sponsor key, you can proceed to join the network. Complete it by filling in a few information about yourself after which you can be allowed to use the ecosystem and have your own Nexalt wallet.
3. Start Mining/Build Network:  Users who got their sponsor key and joined the network have two options to choose from or do both. Users who have enough computing power can start mining XLT Coins otherwise, they can start building their network with their referral links so as to earn from several levels below them.
Nexalt will target marketing companies in other to embed our decentralized and secured mass marketing and referral solutions for payment and transactional purposes. This will ensure the security and transparency of transactions on the network.
Our target is also on platforms and e-commerce stores that accept electronic payments on using our Open source POS with XLT payment gateway.
Our Business plan also includes Mass Marketing on Blockchain using XLT web solutions, thereby making it easier for anyone to launch their mass marketing campaign with low investments.
Acceptance of XLT on Ecommerce stores (Open source POS with XLT Payment Gateway)

OUR PRODUCTS
Products are one of the basic things investors seek to know before buying into or investing in a crypto project. Nexalt Ecosystem presents the following products.
MLC: Nexalt Ecosystem is proud to be the first in the cryptosphere to initiate the idea of MLC, a concept which decentralizes MLM. MLC allows users on the platform to earn coins by sponsoring other users to join the ecosystem. Every existing user of NEXALT can become the sponsor for new users and maintain their network.
Exchange: Nexalt has its own crypto exchange, Thewallets, where users can exchange their mined and earned coins for other cryptocurrencies such as BTC, LTC, DOGE coins at the moment. We look forward to integrating other coins and tokens in the future. Already, we have gained acceptance from many clients around the globe. TheWallets provides an efficient crypto trading platform for ambitious traders.
XLT Wallets: Nexalt Wallets allows users to store their XLT coins securely using their private keys. Users can send and receive XLT coins using their wallet public keys. At the moment, the wallets are available for MAC and Windows Operating system. More Operating systems will be supported in the nearest future.
Secured: Nexalt is built as a fork of one of the most secured blockchain scrypt, Litecoin. Litecoin has been in operation since 201 and has proven its stability with 99.9% Uptime while transacting billions of dollars daily.
Decentralized Finance: To ensure the system is trusted and people earn, every new user in the ecosystem is required to have a sponsor. Every user on Nexalt ecosystem is a sponsor automatically after they join the system and can begin referring other users without any hassles or further requirements.
Low-cost Fees: Nexalt offers a very low transaction fee for users’ transactions. Users can make borderless transactions and payments from anywhere, anytime.
Exchangeable: Nexalt coins can be exchanged on crypto exchanges for other cryptocurrencies and fiat. We also offer our own internal exchange where users can swap or exchange Nexalt for other cryptocurrencies like Bitcoin, Ethereum, Litecoin.
Currently, miners of XLT are being rewarded 60 XLT with an approx. average of 2.5minutes per block. There will be Halving of Nexalt coins after 840,000 Blocks.
A total of 10,080,000 XLT Coins were pre-mined which is 10% of the total supply.
TECHNICAL ANALYSIS:
Coin Name: Nexalt
Coin Symbol: XLT
Total Nexalt: 100800000
Mining Reward: 60XLT/Block
Block Time: 2 minutes and 30 seconds approx..
Halving time: 840,000 Blocks
Levels   Percentage    Rewards
10th level   3.334%   2.0004 XLT
9th level   3.334%   2.0004 XLT
8th level   3.334%   2.0004 XLT
7th level   3.334%   2.0004 XLT
6th level   3.334%   2.0004 XLT
5th level   3.334%   2.0004 XLT
4th level   3.334%   2.0004 XLT
3rd level   3.334%   2.0004 XLT
2nd level   3.334%   2.0004 XLT
1st level   3.334%   2.0004 XLT
Mining Node   66.66%   39.99 XLT
If Mining on 12th node, 1st level will not receive a commission.

Website: https://nexalt.org
Explorer: http://explorer.nexalt.com/network
Pools-1: https://minexlt.com
Pools-2: https://cryptofer.net
Pools-3: https://turbomine.net

[olkah]

stock market

[smithpool.net]

source code ?

[nexalt]

source code ?
here you can found
https://github.com/nexalt-project/nexalt-core

[RobinHooD_ex]

I can't add a sponsor key to the wallet. Where can I found one? thank you.

[7d2mine]

Is this CPU-only or GPU and asic mining or...?

[nexalt]

Cryptocurrency Legitimacy and challenges in 2021

Introduction

The increasing market for cryptocurrency has rapid regulation of money in the world. In the last four years, cryptocurrencies have become omnipresent. They are prompting more national and regional authorities in the legal and policy landscape in 2021. The expansive growth of cryptocurrencies even forces the central bank currencies to identify emerging patterns to advance in. This article will inform about the lawful circulation of money and some of the future challenges.

Cryptocurrency Legitimacy

Cryptocurrency is legal in the U.S., Japan, the U.K., and most other developed countries. But China and India have banned banks from dealing in bitcoins and left the overall legal status of cryptocurrencies unclear.

Countries That Say Yes to Cryptocurrency

Cryptocurrency conducts transactions between any account holder anywhere and anytime in the world. This transaction looks attractive to criminals and terror organizations. They can practice Bitcoin to buy or sell illegal goods such as drugs or weapons. Most of the countries have not determined its legal status. But some countries have indirectly agreed to the legality of it by setting some regulatory oversight. However, Cryptocurrencies are never legitimately acceptable as a replacement for a country's legal tender.

The United States

The United States has a positive attitude towards cryptocurrency, though several government agencies are working to stop illegal transactions. Prominent businesses like Dish Network, the Microsoft Store, sandwich retailer Subway, and Overstock.com welcome digital cash as their payment methods. Cryptocurrency has also made its way to the U.S. Financial Security Markets. All these organizations speak about its increasingly legitimate presence. Treasury's Financial Crimes Enforcement Network of U.S.Department has declared Bitcoin guidance. It has also defined it not as a currency but as a money services business.

Canada

Like the United States, Canada maintains a friendly posture towards cryptocurrency. It also ensures the cryptocurrency is not used for money laundering. Bitcoin is observed as business transactions and business income by the Canada Revenue Agency (CRA). The taxation also depends on the buying-selling business and is only concerned with investing.

You can report any suspicious transactions to the anti-money laundering law.

Australia

Australia is holding cryptocurrency as neither money nor a foreign currency. The Australian Taxation Office rules this asset for capital gains tax purposes.

The European Union

The European Court of Justice views buying and selling digital currencies as a supply of services, and it is free from value-added tax. Moreover, Finland, Belgium, Cyprus, Bulgaria, and the United Kingdom have made Bitcoin free from VAT. In Germany, Bitcoin is open and legal. But taxation depends upon whether the authorities are dealing with exchanges, miners, enterprises, or users.

Eradication Of Paper Cash

As cryptocurrency is digital cash, it is going to eradicate the need for paper cash. During the second wave of Covid-19, the use of digital currency is the highly reliable way to keep your friends and family away from the deadly effects. Paper cash is the leading factor in spreading coronavirus. TheWallets keep your money secure as there is always a threat of stealing it. Besides, it isn't very pleasant to carry cash all time where ever you go.

Users Prefer Over Cash

TheWallets is a modern invention to keep your money safe and secure in the form of soft coins. Most users prefer digital cash over paper currency. The coins work through public and private keys that are related to security terms and conditions. Your fingerprint or password confirms all the transactions. TheWallets is an electronic version of a payment card designed to perform online transactions on your behalf through a computer, laptop, or smartphone.

Attractive Features

Now, let us look at the advanced features of Wallet offered to the users in 2021. Why do the users prefer digital cash?

Decentralization of System

theWallet's most attractive feature is that it is a decentralized system free from the control of any third person such as banks or other money regularity authority and government. Any third person's involvement can access your data and make changes to it that would lead to corruption. But your data is fully secure when you are making transactions through Wallet.

No Need For Banks

TheWallets works like a bank account number. As it has a unique system, the user can quickly transfer money by knowing another wallet number without delay and difficulty. Like bank account numbers, the wallet remains safe because any user having your wallet address can send you coins, but no one can get coins from your wallet app without your confirmation.

Time-Saving

This very digital wallet saves your precious time by arranging all transactions in less than a minute. It stores the information about all transactions inside the app to make you able to analyze your balance. It keeps an eye on your expenses according to your budget as it is concerned with your better future.

Highly secure

Wallet, a highly advanced technology, does not require any central authority to run the system. It makes secure and successful transactions. Your data is in strong hands: void the danger of fraud and scams. Security terms and conditions attract investors to purchase NeXalt.

Speedy and Low-Cost

The conventional methods of the transaction take days and have high expenses. But, Nexalt makes the transactions just a game of a few seconds. It provides a faster and low-cost transaction around the globe. As compared to the traditional method, it is highly faster.

Changeless

In Wallet, all the transactions are time-stamped and cannot be changed. If it is necessary to change a block, you will have to modify all the blocks because they are connected. A single change has a long series of changes that will be impossible. Mostly, the system remains changeless.

Hybrid Coin

The hybrid coin is also an attractive feature of Wallet. The hybrid coin is a mixture of two or more algorithms to solve a problem with more efficiency found in a system. Internet of Coins is an easy answer to the puzzle of isolated digital currency systems. It uses a meta-level shift order to pass any transaction on a blockchain-based economy. Internet of Coins permits users to trade digital currencies peer-to-peer. In this way, the users get better chances to earn fees by participating as a distributor.

Challenges To Cryptocurrency

Although cryptocurrency has won legal status in several countries, a few countries are suspicious because of its volatility, decentralized nature, perceived threat to current monetary systems. Drug trafficking and money laundering are significant challenges to cryptocurrency. Even some nations have completely banned digital currency. Others are trying to cut off any support from the banking system, which is essential for trading.

[nexalt]

Hybrid coins promoting Hybrid Banking systems

What is a Hybrid Coin?

Hybrid coins are also a part of cryptocurrencies that make use of a hybrid algorithm. The hybrid coin is primarily a mixture of two or more algorithms to solve a problem with more efficiency found in a system. XLT is among the latest hybrid assets to work on various decentralized ledger systems and the Internet of Coins. Internet of Coins is an easy answer to the puzzle of isolated digital currency systems. It uses a meta-level shift order to pass any transaction on a blockchain-based economy. Internet of Coins permits users to trade digital currencies peer-to-peer. In this way, the users get better chances to earn fees by participating as a distributor. Hybrid coins are prompting Hybrid Banking System.

Expectations of Founders
The founders of the Hybrid coin have great hope. They believe that the distribution of hybrid assets will ultimately lead to an extension of the decentralized exchanges. It will also increase the correlation of the different cryptocurrency systems. All they are performing their take on what decentralized value is and how it should work.

How does it work?
Hybrid assets function as a dynamic portfolio. It is spreading the risk from holding value on a single blockchain to storing it on multiple chains. Technical and economic risks diversify over the value systems that these assets run on. The design has a growing meta-level approach and offers those people who seek safety from buoyancy and blockchain failures. This coin is a new vehicle to store its value.

Hybrid Banking System
Hybrid Bank is a new Defi financial platform. It is designed based on Elamachain technology with HYBRID BANK’s key currency HBC. Currently, it is trading on ProBit Exchange. The Hybrid Bank provides various services such as deposit interest rates and loans to its users. These services are determined with HBC (Hybrid Banking Currency). HYBRID BANK also offers a platform that manages credit rating systems for digital asset blockchain companies.


What does Hybrid PoS / PoW mean?
A Hybrid PoS/PoW is a cryptocurrency that allows both proof of stake and proof of work in mining. This consent is a fantastic thing for the miners.
This hybrid method allows mining and staking to create a balance between the miners and the stakeholders. Some feel that this feature develops stable governance and worth for the coin.
The approval of Hybrid PoW+PoS confirms the price of the coin due to the cost of mining. On the other hand, a PoS device can lessen the chance of a 51% attack.

Examples:

1- Decred (DCR):
Decred is an independent digital currency. It is an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) agreement voting system.
2- LuxCoin (LUX)
It aims to build and design enterprise-ready security and privacy products. It is a hybrid PoW, PoS algorithm.
3- VirtacoinPlus (XVP):
VirtacoinPlus (XVP) is a hybrid PoW/PoS cryptocurrency with a 7% Stake Interest.
4- Peercoin (PPC):
Peercoin seems to be the most secure crypto coin at the lowest cost. It rewards all users for growing the network by giving them a 1% annual PPC return when they are printing. It possesses a hybrid (PoW-PoS) algorithm.
5- Novacoin (NVC)
Novacoin is a unique way of utilizing both Proof-of-Work and Proof-of-Stake for generating blocks with separated targets and limits.

Pros of a Hybrid Exchange
Hybrid coins are a new type of crypto trade. Nexalt XLT will ultimately offer crypto users the only genuine and possible hybrid exchange on the market.

Speed and Security
A hybrid exchange connects the accessibility and speed of a CEX. It also involves the security-enhancing decentralization of a DEX.

Centralized and Decentralized Exchange
Amplify has two exchange interfaces such as Amplify Decentralized and Amplify Distributed. The combination of these two interfaces provides Amplify traders with a simultaneously centralized and decentralized exchange. That is called a hybrid exchange.

Theoretic
The concept of a hybrid exchange is purely theoretical for a long time. The main reason behind it is that there was no clear thread for uniting separate decentralized and centralized devices into one exchange. But at Amplify, we have the fabric that is the Substratum network. It already uses a community of SubstratumNodes to provide decentralized, censorship-proof internet access. SubstratumNode operators earn SUB routing internet requests. They can also choose to perform Amplify transactions by adding new deals to the Amplify Bridgechain. In simple words, merging the decentralized exchanges ledger and the distributed exchanges ledger into one is a remarkable benefit of Hybrid.

Hybrid Exchange
The benefits of the hybrid exchange excel the coins. That is why we decided to avoid the main obstacle to hybrid exchange and created a way to sync decentralized actions and centralized actions via Substratum.

No one else has ever executed a hybrid exchange before. That is why it is difficult to foretell with certainty what obstacles we will run into as Amplify grows. The host node network has to expand to a large extent to process transactions efficiently. Moreover, it has to maintain reasonable block sizes as traffic on the exchange grows. Operating the dim regulatory environment crypto faces both inside and outside the U.S. will also continue to be tricky for the users.

As we launch Amplify, these are the expected encountered obstacles. However, these challenges are not impossible roadblocks. CEXs and DEXs both give great value to their users, but at a substantial cost. By establishing a hybrid exchange, Amplify is maximizing these exchange models’ advantages while minimizing their disadvantages.

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What is a Master Node?
Cryptocurrency is also observing many advancements and create new opportunities for crypto investors. The master node is one of the ways of earning handsome profit in cryptocurrency. But before making any investment you must-have information and understanding of the master node.

What is a Node?
The network is made b connecting computing devices that can send, receive and process or contribute to the blockchain. These devices could be computers, mobile phones,s or any other device having the said abilities. Each of these devices is known as a node. All nodes are part of the network. Some nodes in the network have to play a more significant role in keeping the network live and available. Such nodes are known as master nodes.

Definition of Master Node
In network of cryptocurrencies, the master node is a computer connected to the network and has all the records. It is also called full node and is always up and working to provide continuous services to the network. It is computer wallet and stores a copy of the entire blockchain.They are responsible for incentivizing the node operators for execution of main functions of in use blockchain.

What is Need of Master Node?
Running a node on blockchain network is costly and also have some technical complications. As a result, node decline rate increases in a blockchain network because it is not profitable. It greatly affects the network efficiency and decrease in processing and transaction speed is observed. This situation is controlled by implementing the idea of master node which tackles the technical issues in running a blockchain network and keep it live and available all the time. The systems which are applying this master node pattern such as Nexalt are maintaining it with a good percentage of crypto coins on generation of every new block in the system which compensates the cost issue. The master nodes perform as backbone of the blockchain network.

Master nodes mostly performs the following functions:
•   Enhance the privacy of transactions
•   Take part in voting and governance
•   Perform instantaneous transactions
•   Empower treasury and budgeting system in cryptocurrency

Master nodes are a part of blockchain network and stay communicating with other nodes in network in order to maintain the decentralized nature of the system.

Advantages of running a master node

As it is obvious from the above discussion that running a master node generates rewards for the MN operator. Master node plays significant role in blockchain network and gets the following benefits.

Passive Revenue
In a cryptocurrency or blockchain network master nodes are rewarded for their service. For example, in Nexalt, master node gets 50 XLT on generation of each new block. In Nexalt system after every two and half minutes a new block is generated and reward goes to MN for its services in keeping the system live and available. The MN gets this reward without mining. So, running a MN in blockchain network opens lots of opportunities of earning and enhancing passive revenue for the operator.

Governance Rights
Due to the importance of MN in network performance they are also participate in decision making process. They also have the right for voting regarding various proposals and decisions. It means MN operators get a significance in key operations of system.

Investment Strategies
Because of a part of the system operations and decision-making process, they have good understanding of system and can devise a good and profitable investment strategy for them. It gives them a chance to reduce risks for their investment.

Requirement for Master Node
Master Node is very important in cryptocurrency system and is a part of responsibility of keeping system Live and up all the time, so it has some prerequisites. Let’s have a look into its requirements.

Following points are important in this regard.
•   One who wants to run MN in the system must have to stake a specific amount of crypto. Amount depends upon the cryptocurrency for which MN will work. For example, DASH requires 1000 DASH units to stake. Anyways, staking amount is different for different cryptocurrencies.
•   It requires a VPS or server to host the wallet 24/7
•   Requires a dedicated IP address
•   Requires a handsome storage space to store blockchain.

These are some common requirement and can be subject to difference for crypto to crypto. Let’s also have a look into hardware specs for Master Node. These are also not fix for every master node and cryptocurrency. It may be different system to system,
       Minimum Requirement            Optimal
CPU           1 x 1 GHz                          1 x 2 GHz
RAM      2GB + 2GB swap          4GB + 4GB swap
Network   400 GB per Month          1 TB per Month
Disk           40 GB                          60 GB

Conclusion
The idea of Master Node in blockchain systems has resolved many technical and cost issues. It also opened new earning ways in cryptocurrency system without buying and selling of cryptos. This idea is going to be implemented in many new and emerging cryptos as well. Nexalt is a powerful example for it. If someone is willing to invest in MN it is the best opportunity. Beware, this article is only for the purpose of providing you with information and is not an investment guide.

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Why is Nexalt so Important and Should I care?

In a single decade, cryptocurrency has got lots of importance and has proven as a highly valuable asset. The world has recognized the power of cryptocurrency and its bright future. Cryptocurrency is rightly considered as the true candidate to replace paper currency. In the past decade, after the success of Bitcoin, a large number of cryptocurrencies have hit the market and many have vanished after a short life span. Nexalt is also emerged at the end of the previous decade and quickly gain significance in the crypto market. It has listed in crypto exchanges other than its official exchange TheWallets. The upcoming time is time of cryptocurrencies. They will rule the financial world because of speed and security. Let’s have a look into different aspect of cryptocurrency in 2021.

Importance of Cryptocurrency in 2021
The world is starring at the cryptocurrencies as these are highly volatile in nature for being digital. Despite of its digital nature, everyone wants to have it because its value rises exponentially as compared to regular currencies.In the last year, a little decline was observed in value of BTC. But for the year 2021 it is again predicted to rise in value and in trading volume as well.

Many countries are developing regulations to legalize the use of crypto and crypto investments. This step shows the power and importance of digital assets. All other cryptocurrencies are also following the same pattern. Nexalt is also progressing quickly and gaining value. Its trading volume is also increasing with every new day.

Why Need Cryptocurrency?
By observing the course of cryptocurrencies from their origin we come to know that their value increases exponentially. Many of organizations and sellers on the Internet are going to receive payments in digital currencies. This has broadened the scenario of cryptocurrencies. Although it observes a decline in value but during this period cryptocurrency and blockchain which is the backbone of all cryptocurrencies has gone though many advancements. Because of advancements now these are in a much better position as compared to the past year. In recent year 2021 cryptocurrencies are focused to make a huge difference than the past years. Nexalt also has made significant changes and advancements to its system and is at high expectations for the year 2021.

We can rightly say that for meeting the future needs of financial and business world one has to join and accept cryptocurrency. It is making its way in business quickly in business because of security, speed and ubiquity it provides to its users. Number of coins in cryptocurrency are predefined which can be mined in any system so there isn’t any chance of increase in cash by any central authority like central bank because system is decentralized.

Should I Care About Cryptos?

This is the real point to think and needs your attention. Because of digital nature, cryptocurrencies are highly volatile and risky. Risky means these have 50/50 chance of winning and losing. So, if someone is thinking to invest in crypto, they should research about it deeply. A large number of cryptocurrencies are in market. So, before investment in cryptocurrency one must ensure that the selected currency is actually operating in blockchain technology. The widespread of a cryptocurrency also ensures its nature, such as Nexalt has a huge user network which trusts in it. Additionally, it uses smart contracts which are one step ahead in technology.
Although, cryptocurrencies are volatile and risky but these are experiencing rapid growing price value and are a quick means for getting greater ROI. If someone buys a crypto coin at its initial stage and wait for high price value, he/she gets the huge benefit. Just like those who bought BTC at initially level when 50 BTC buys only one pizza, now they are having lots of money as now 1 BTC is equal to above $46000. Nexalt is also following the footprints of BTC.  So, it is the really matter of care about Nexalt. It is quickly moving upward and it is the right time to invest in XLT for getting greater benefits in future.

Advantages of buying and holding of Cryptos

Buying and holding of cryptocurrencies is one of the effortless successful strategies. For better understanding of it one must understand ‘holding’. Holding means after buying cryptocurrency keep it in storage for long term. When its price grows higher cash it for your return. It is quite safer but not entirely free of risk. Let’s have a look into its benefits and drawbacks.

Effortless Participation in Crypto Market

This strategy makes your participation in crypto market almost effortless. Once you buy a store crypto coins, you don’t need to know about buying and selling prices on daily basis. Also do not need to participate in time consuming activities. Buying and holding strategy also useful in traditional market and trading. While holding cryptocurrency, make sure that your crypto funds are secure in your hardware wallet.

Add More Value to Crypto Wallet

It allows you to add more funds to your wallet, especially when your target cryptocurrency prices fall. As much you increase your assets there are more chances to greater ROI. This strategy is helpful for those who do not have bulk of money for at once investment. They can enhance their crypto funds gradually. Nexalt also promotes this strategy and appreciates staking of XLT and announces profit percentages and bonuses for it.

Stress Free

In this strategy user target the long-term benefit, so there is no need to be involved in daily buying and selling activities. It also makes the user tension free for the daily fall and rise in prices. In this strategy users have to focus on charts and graphs showing long-term progress and profits which is not necessary to observe daily. In this way it keeps the user almost stress free, which although seems ridiculous but effective. 

Pros of Cryptocurrency

Cryptocurrency is one of the top investment trends in today’s world and it is all because of its good financial performance. Like any other business and investment plan it is also prone to pros and cons it looks pretty good to have a look into benefits of investment in cryptocurrency like Nexalt.

Increasing liquidity of cryptocurrencies and worldwide acceptance for trading and exchange makes it favorable for investment. Nexalt also has a widespread network of users and accepted at many crypto exchanges makes it the best option for investment right now and for a greater ROI.

The number of crypto coins is predetermined and there is no third-party control in the system which can add more coins in the system. It means there is minor chance of inflation. Crypto is determined to get more value instead of losing the value.

Being new it is more energetic and because of volatile nature and fluctuations in price it has more opportunities for huge profits.

It does not require any license or certification or a broker to participate in crypto trading like the traditional stock trading. Simply, you buy crypto form crypto exchange, store them or sell them on any crypto exchange. Its transactions are spontaneous and fee is minimal. It offers huge profits.

Cons of Cryptocurrency

People often looks for only benefits of anything and ignore the drawbacks. But it is not a healthy behavior one must look for drawbacks as well so can prevent form loss.
Digital currencies are volatile in nature that’s why their prices are fluctuating. So, for being safe and not losing your investment, you must keep a close eye to the market trends and predictions. It’ll help you for keeping safe your investment or reducing risk factor.

Cryptocurrency is entirely online system even the hardware wallets also stores your crypto funds digitally. In this scenario, hacking is one of the biggest threats. Furthermore, it hasn’t any insurance so in case of hacking it is hard to recover your funds.
In most parts of the world there are no regulations which can deal with digital assets. It also enhances the risk factor as your area of residence of country cannot help you in any crisis.

Although, cryptocurrency is gaining popularity and acceptance worldwide, but still its use is limited as compared to regular currencies. There are selected exchanges for every cryptocurrency but the regular currencies have exchanges everywhere in the world and serving people. It is compensated by ubiquity feature that crypto exchanges can be accessed from anywhere in the world.

Inference

Cryptocurrency is predicted as future of world finance and every new day is increasing its importance for world. This fact advocates for investment in cryptocurrency for making your future bright and prosperous. Nexalt is the best option for stepping in crypto market and crypto trading. This article is not an investment guide. It is only providing information and guiding for research before any investment. Cryptocurrency have benefits and drawback as well, it is up to the investor or business men if they can cope with all circustances.

[nexalt]

Nexalt- an Introduction of MLC Coin

Cryptocurrency is not only the latest in technology but also is fastest and subjected to upgradation. All this made it an excellent choice and also enhanced its security and reliability. Nexalt adopts the same route. It was launched in 2018; however, working on the concept was started at the end of 2015.
Nexalt was launched through ICO and experience a very warm welcome in the market. People start joining it, and it encouraged the team for rapid progress in the system.

What is Nexalt?

Nexalt is a newly emerged cryptocurrency. However, it is in its infancy but showing significant progress in the crypto market. A large number of users have invested in it and participate in its mining and trading. It is listed at many leading crypto exchanges and available for trading and its official crypto exchange TheWallets. Nexalt has introduced unique concepts in cryptocurrency and resolved many issues existing in the business world. It is the first-ever MLC coin in the crypto market and performing well.

What is MLC Concept?

Mass marketing and MLM are viral in the business world. A large community uses this business model. But it has many drawbacks, making it considered a Ponzi scheme (not in all organizations). The major drawback is that only early birds in MLM schemes get more benefit, and the newbies get nothing. Secondly, a significant part of newbies' investment is used to give profit to the early birds, and new investors have to wait for new investors for their profit. Thirdly, every user is bound to add a specific number of users to the network.

Nexalt targeted these issues and combined cryptocurrency and Mass marketing to spread the benefit to the broader community. This new concept is named MLC or Multi-Level Coin. This concept in cryptocurrency removed the drawbacks and merged the beneficial features of MLM. All the issues mentioned earlier are resolved successfully.

What is Mining of XLT?

XLT was launched through IOC. Its mining was started in 2020. Its tokens were welcomed and appreciated in crypto market. Initially, its coin supply is limited to 100800000 coins in the system. On ignite of mining in the system, it is defined the mining reward and time duration for creation of every new block. In Nexalt, after every two minutes and thirty seconds, a new block is added to the blockchain. And the reward is distributed among the miners and their upline.

Miners can mine XLT as individuals and also can participate in pool mining. Nexalt mining is performed through Nexalt wallet. Nexalt wallet is provided for Windows and Mac as well. It also includes all the safety and security of users' funds and data. At the early stages, Nexalt followed the Prof of Work (PoW) protocol. Latterly, it also introduced Proof of Stake (PoS) and adopted a hybrid protocol approach.

What is a Hybrid coin and Its Benefits?

Two major protocols are followed in cryptocurrencies. One is Prof of Work (PoW), and the other is Prof of Stake (PoW). In hybrid coins, both protocols are merged for their excellent and efficient features. Nexalt implemented this hybrid protocol to make the system more efficient and secure.

In PoW, 51% attack is relatively cheaper as an individual or mining pool can hold 51% computational power and hold the system's decisional authority. They can make significant changes in the system by assigning the right of double-spend to its members and accepting or declining transactions in the system.

In the hybrid approach, it becomes challenging to make a 51% attack in the system. It is almost impossible to get 51% resources of the system and control of the entire system. Users can get benefits and profits without mining the XLTs. Instead, they get a reward for staking the specific amount of XLTs.

Working of Nexalt

Nexalt system is highly user-friendly and easy to work with. It also appreciates the marketing efforts and rewards them with XLTs. So, every user can get XLTs through mining and marketing as well. The workflow of the system is straightforward. First of all, users need a sponsor key to join the system. The sponsor key is the referral link of any existing user of Nexalt. Through sponsor key, users can sign up at Nexalt.

After joining the system by providing sponsor key and basic information about you, the next step is setting up and complete your profile to enjoy more benefits. Now you are ready to mine XLTs or create your network of users to enhance your opportunities. For mining XLTs, Nexalt wallet is available for Windows and Mac, and the user can download and configure it as per their computer system.

Events Timeline

The year 2020 was an important year for Nexalt as it has crossed many notable milestones. Let's have a look into major updates and introductions in the Nexalt system.

February 2020
At the beginning of 2020, Nexalt launched its mining system through the wallet. In February 2020, it released Nexalt wallet for Windows and Mac operating systems.

March 2020
It introduced the concept of the MLC coin, which is a blend of mass marketing and cryptocurrency
It also launched its own Crypto exchange TheWallets.

April 2020
The system became ready to start Mining through Nexalt Minner. It also appreciates pool mining for XLTs

June 2020
Improvements in the security of crypto exchange were introduced through Multi-layered security for TheWallets.
Encourage and welcome the investors.
Successful fixation of all issues and performance improvement
Exchange of Nexalt through affiliate exchanges was enabled

July 2020
Nexalt mining for 24 hours was started, and system improvements were made
It introduced a hybrid Protocol for XLT, which is a blend of PoW and PoS
Nexalt appeared on Twitter

August 2020
Availability of FAQs for quick help
Nexalt is updated to its 0.19.0 version
Implementation of SegWit
Listed in the International Exchange (IndoEx)
Published its Whitepaper
Nexalt Wallet 32-bit for Windows
Nexalt listed at CBC

September 2020
Availability of XLt at Catex Exchange
XLT trading available at Finexbox
Improving its position quickly at CMC

November 2020
XLT listed into 180 coins

The year 2021
The new year is expected to show more improvements and worldwide spread. Hopes are high and achievable with revolutionary decisions and actions in the system.

Conclusion
Nexalt has proved it as a successful product in the crypto market. It has made its way to the front-line currencies. It is highly favorable for investments and trading in 2021. Nexalt is the fork of Lite coin, a fork of Bitcoin, so its protocols are closely related to BTC, following the BTC footprints. Nexalt is at par with the latest techniques and technologies; that's why it is the best among its contemporary crypto coins. The year 2021 will be the year of Nexalt.

[nexalt]

"Major mistakes which CPU and GPU crypto miners should avoid"

First of all, it seems essential to define mining. Then we will proceed towards the major mistakes that CPU and GPU crypt miners should avoid to minimize the risk and maximize the profit.

What Is Mining?

Blockchain is a digital distributed database ledger bearing multiple computers at the same time to mine the coins. It consists of all the information about the transactions. Each block is a record of transactions of specific data referring to the previous block that is linked to using cryptography. Each block stores a unique code called a “hash”. Hashes are cryptographic codes that are created by special algorithms. Once recorded, the data in any given block cannot be changed but without the permission of the network majority. It is the most secure way for mining as blockchain records are unalterable.

Mistakes To Avoid For CPU and GPU miners

The comparison between the features of CPU and GPU will provide great help to the miners in avoiding mistakes to win a fabulous fate in the future.


1. CPU is designed to make decisions as directed by the software. GPU mining is the more powerful and profitable version of CPU mining, It offers a better income on investment. GPUs, a higher level of processing power are up to 800 times more than that of a CPU.

2. CPU is an executive. GPS is a laborer

3. CPU needs less power to mine the coins.
have fewer Arithmetic logic units which become slow, performing large amount calculations.


4. The GPU, or graphics processing unit, is a part of the video rendering system of a computer. GPU assists with the rendering of 3D graphics and visual effects so that the CPU doesn't have to.

5. CPU can execute 432-bit instructions per clock.
GPS can execute 3200 32-bit instructions per clock.

6. GPUs have large numbers of ALU's, more so than CPUs.

7. A CPU is an executive. It is designed primarily to be an executive and make decisions, as directed by the software. For example, if you type a document and save it, it is the CPU's job to turn your document into the appropriate file type and direct the hard disk to write it as a file. CPUs can also do all kinds of math, as inside every CPU is one or more "Arithmetic/Logic Units" (ALU's). CPUs are also highly capable of following instructions of the "if this, do that, otherwise do something else". A large bulk of the structures inside a CPU are concerned with making sure that the CPU is ready to deal with having to switch to a different task at a moment's notice when needed. CPUs also have to deal with quite a few other things which add complexity.

[nexalt]

Vulnerability challenges to Cryptocurrencies and Solutions

Since 2009 till date, more than sixteen hundred cryptocurrencies have hit the market. Their market value is more than $444.8 billion, which is continuously growing as people are investing in cryptocurrencies worldwide. Cryptocurrencies are getting more and more popular globally.

This has increased the threat of criminal attacks. Cryptocurrency does not exist physically; it is digital entirely. So, different kinds of hacking attacks can be possible. Here in this article, we'll see some vulnerabilities to cryptocurrencies and their solutions.

Cryptocurrency Vulnerabilities

Transaction Malleability

One of the vulnerabilities of cryptocurrencies is the malleability attack. The users with criminal intentions try to alter the transaction hash and pretend that amount is not received, so; the sender should resend the amount. In this way, the receiver gets an extra amount without updating the sender's balance. In this procedure, one initiates a transaction according to defined rules. During the transaction processing, the attacker changes the transaction's signature, which results in a new transaction with a new ID issued by the attacker. Both the transactions wait for approval in the network.

In this situation, if the false transaction is approved, then the original transaction is discarded. And attacker asks the sender to initiate the transaction again. In this way, the attacker receives the double amount from the sender by creating forged transactions. If the assailant makes multiple forged transactions, this can result in DoS (Denial of Service) attack. Such kinds of attacks were easy in the past, but now the situation is quite improved.

Distributed Denial of Service

DDoS or Distributed Denial of Service means unavailability of a network for the users. Cryptocurrency exchange platforms are the more likely targeted for DDoS attacks. Many techniques are used for it; pocket flooding is one of them. These attacks are highly disruptive and low-cost. That's why these are very common in cryptocurrencies. Mining pools and crypto exchange platforms are the favorite targets for DDoS.

51% Attack

Cryptocurrencies are decentralized in nature; there is no central authority or third party to control the system and decision-making. It is perfect in the Proof of Work protocol for individual miners, but it is subjected to 51% attack with the introduction of pool mining. It means if any entity or mining pool gains 51% of the total computational power employed on a blockchain, it gets the power to control the systems. In this situation, the mining pool having 51% computational power can allow its members for double-spending, can stop other pools from mine, and even can obstruct the transactions.

PoS algorithm gives an excellent solution to reduce the 51% attack. In PoS, the attacker must acquire the 51% staking, which is difficult to maintain. Without acquiring 51% of resources, one cannot get control of the system's regular activities. PoS also enhances the cost by 51% and reduces its chances.

Software bugs

According to the researchers, many software bugs are also found in many leading cryptocurrency systems. Because there are no laws and regulations to control the cryptocurrencies like banks and other financial institutes, so these are more vulnerable. The stealing points in software allow the hackers to peep into the system and play with the account balances. They can increase, transfer or withdraw the amount illegally. To remove the bugs, continuous real-time debugging is effective.

Less protected login credentials

Many of the crypto platforms are not taking tough security measures for users and employees' login credentials. Users also create weak and easy to excess passwords, which are hot cakes for hackers. In this regard, we can observe three major attacks in 2017, which were named as Bithumb hack, NiceHash hack, and YouBit hack.
Two-step verification for login can reduce the chances of hacking credentials and user funds. Additionally, a strong and difficult-to-guess password also provides security against hacking. Do not share your login credentials with anyone; keep them secret.

Selfish Mining

In cryptocurrency, there are two types of miners one is honest, and the other is selfish miners. Selfish miners are targeted to force real miners to waste their computational power and collect more rewards for themselves. one example of such of attack is they split the main blockchain into two. Only one from the two sub-blockchains is accepted. So, the miners working on the other did not get any incentive, and all their computational power goes waste. Sometimes the selfish miner works on a separate sub-chain of the blockchain secretly and releases it when other miners are about to be rewarded for their work. This type of vulnerability is not associated with all cryptocurrencies. The intelligent system has taken measures about it. In the fragmented blockchain case, the longest chain is accepted by the system to reward the honest miners. Another technic implemented by Ethereum is to hold the company's half amount and make it not minable. Both are considered beneficial for avoiding selfish mining.

Wallet

Wallets are an essential part of managing and storing cryptocurrency. Hardware, software, and paper wallet are the main categories. Hardware and software wallets can be subjected to hacking or stealing, so it looks pretty good to have a wallet backup in a paper wallet. It is also inexpensive. The software wallet is more likely to be hit by hackers, so it requires special security measures managed by the development team.

Double Spending Attack

Another vulnerability of cryptocurrency is double-spending. It means some entity of the system tries to use the same coins more than once. Whenever a transaction is started in the system, it becomes part of the transaction pool and waits for approval. During this waiting time, anyone with malicious intentions can create another transaction for the same coins. This new transaction also moves to the transaction pool, and in the confirmation process, one of these transactions is approved, and the other is declined. This happens because in cryptocurrency, a coin can be used only once. The secret of double spending is that the attacker has got more products from merchants and pays only once. To reduce the risk of double-spending, merchants who accept cryptocurrency are advised not to dispatching the orders unless six more blocks are mined after the bock containing their transaction.

Dropping Transactions

Transactions stay in the transaction pool, and the miners picked them for approval and recorded it in the block. Dropping transaction is another loss the hole in cryptocurrency mining. In this process, miners intentionally drop the transaction for speedy mining blocks and create empty blocks in the blockchain. To avoid this dropping of transactions, a fee is attached to every transaction in the system. This fee becomes an attraction for miners, and they choose it for approval. Transactions with the higher fee are more likely to be selected for confirmation.

Timejacking attack

This vulnerability is regarding the timestamps which are added to the transactions. By changing timestamp and system time, the attacker tries to create a double-spending attack. Every system takes safety measures to avoid such attacks. It is recommended that the time difference with local time should be shorter. Most systems are using the difference of 70 minutes; if it is reduced to 35 minutes, it will be an excellent barrier to avoiding time-jacking attacks.

Sybil Attack

Sometimes the user with malicious intentions creates virtual entities and tries to take over the network resources and activities. The primary purpose behind this attack is to confirm the fake transactions and getting more coins.

This issue is rightly addressed in the PoW algorithm as the physical resources cannot be multiplied virtually, which prevents the Sybil attack in the mining process. In the PoW algorithm, even dozens of fake mining entities cannot create new blocks. Another solution to this problem is the Proof of Individuality (PoI) algorithm.

Spam Transactions

Spam transactions are another vulnerability where the attacker creates spam transactions to fill up the transaction pool. This can lead to a Denial of Service attack. These flooded attacks can interrupt the normal working of the network. To reduce the number of fake transactions, a fee is associated with every transaction for the issuer. This will make this attack costly for the attacker and ultimately lead to fewer attacks of this kind.

Conclusion

Because of the digital nature and no physical exitance, there are several vulnerabilities detected in cryptocurrency systems. A continuous improvement process is going on to make the systems secure. Every system works on debugging and adding new features to secure and eliminate the risk factor. Introduction of transactions fee, PoSalgorithms, SegWit, and other steps are part of this improvement process. Nexalt, one of the forks of Lite coin, also implements a hybrid protocol which is a mix of Pow and PoS, SegWit, smart contracts, transaction fees, and many other hi-tech measures to keep the system at high performance and secure. Vulnerabilities are a fact, but it does not reduce the benefits of cryptocurrency because all the vulnerabilities will be interpreted, and systems are becoming strong and secure.

[nexalt]

Six trends that will change the crypto world in 2021.


Because of the traditional financial system and vice versa, it is always interesting to predict the crypto industry's pace—the introduction of requirements for identifying crypto users, the growing interest in digital government currencies. The forthcoming launch of crypto service and stable coins by PayPal, Diem, Facebook, and numerous other events confirms that digital assets are becoming more and more understandable and mainstream. On the other hand, the speed of distribution of bitcoins depends directly on how quickly the operation becomes available with many of their brands and flavors and is accepted in every traditional bank or perhaps payment system. The widespread use of digital assets is what the world is trying to do and what it fears. It attempts to balance risk and profit in the use of cryptocurrencies that set trends for 2021.

Trend 1: Nexalt MLC
                  With MLM technology, Nexalt is offering a unique concept of MLC cryptocurrency but not pyramid design. Nexalt is implementing MLM with a decentralized approach. Coins are mined, and the miners own the mines, and the sponsors are given a partial reward. In this system, bonuses and rewards are distributed in several levels and everyone at each level through MLM. All workers are the original owners, and there is no controlling authority to control the system's flow. Thousands of miners are working on coin production and have become coin owners. Miners use their computing power for mining and, as a result, receive rewards in the form of Nexalt coins.

Trend 2:  Hybrid coins
                         Traders offer their cryptocurrencies to stable coins in significant volatility and use them as exchanges to reduce exchange rates. Is there a solution that combines the benefits of cryptocurrency and stable currencies that collectively serve as the maximum option for investors?
     It is where the hybrid coins appear in the picture. A hybrid coin is a type of cryptocurrency that combines the advantages of ordinary and stable coins. In it, cryptocurrency supports physical assets and tangible projects that create stability but not a fixed rate that still allows its value to rise. Unlike its antecedents, the hybrid coin impartiality is unique. Unlike a stable coin with a durable scale, a hybrid coin's support rate is not fixed. Besides, the proceeds from the scale of cryptocurrency are generally distributed equally in asset reserves. The beauty of the hybrid coin is the availability of plans and physical assets that act as a hedge. In investing, a barrier is an investment that is made to protect against unfavorable price movements.

Trend 3: Master Nodes
                   
Master Nodes are handy for crypto investors because you are encouraged. Examine it as you get monthly or weekly interest on your crypto holdings.
Different cryptocurrencies have different incentive patterns through which the MN operator can earn a decently monthly or weekly income. I call it yielding income.
If you have entrusted in a cryptocurrency that enables you to run Master Node, you should look for this earning option.
Another thing to understand here is that if you invest uniquely in running Master Node, you should choose the right currency to invest in and compared the percentage yield to the investment. In short, you should calculate your ROI sharply.
So far, there are a lot of cryptocurrencies in the market that allow you to run a master node, but not all of them can run due to minor privileges,

Trend 4: Crypto is going to see tax regulation
                     
The main topic shortly is the tax regulation of cryptocurrencies. Today, cryptocurrency taxation is still a mystery. An ideal picture far from reality. Cryptocurrencies are not yet widespread. Although they do not like some people, they have started appearing in many countries as those markets mature. Governments see their potential to increase revenue more than the previous crypto uncertainty.
However, Knowing Your Customer's (KYC) methodology introduces mandatory user identification, develops protocols that allowing tracking transactions, and indicates the adoption of legislation on digital assets. It simply came to our notice that things were changing for the better.
We also see surveillance tools being actively developed and governments exchanging information with cryptocurrency owners about their making. As a result, in 2021, the planet will likely face the first bitcoin tax evasion cases.

Trend 5: Silent crypto ports are actually on the way
                     
Since there is a reverse trend for every trend, the introduction of cryptocurrency will increase jurisdiction, which will resist this process and allow consumers to reduce the cost of owning digital assets legally. So-called offshore crypto shelters are developing more actively. This role will likely be played by countries where both the IT and financial markets are well developed, such as Singapore, Japan, Korea & Switzerland.

Trend 6: Risk assessment models are getting better
        Against the backdrop of rising bitcoin value, developing a high-quality risk assessment model is urgently needed because it is difficult for consumers to reasonably assess the potential consequences of a crypto investment without suffocating in the general rush. Services that provide working solutions, and not just coffee-based digital fortune-telling, will have the potential to quickly conquer the hearts, wallets, and minds of both experienced participants and beginners in the cryptocurrency market. Based on the coin market cap, there are more than 8000 different cryptocurrencies in the world today. Ninety percent of these are fake schemes or scams, as they are called in the industry. However, out of the remaining 10%, many people see the growth rate as worse than the bitcoin and sometimes much better.
On analysis of the data, it is possible to make forecasts about the change in cryptocurrency price depending on the targets, timing, and other characteristics of the sale. The increase in market size also relies less on individual speculation.
These days, there is less vagueness in the crypto world, and there are more chances to develop analytical tools. However, it is still challenging for novice investors to comprehend the complexities of alternative finance.

[nexalt]

"How cryptocurrencies are affecting countries' national currencies."
 
Introduction
Cryptocurrency is touching the heights of success in the world of marketing. Bitcoin celebrated its tenth birthday last month. Most governments are fighting to regulate different cryptocurrencies in their countries. Bu this procedure is continuous and slow because they have to accept the principles of a cashless society and a fully digital money world. Now, here the question arises. Are cryptocurrencies affecting countries' national currencies?
 
Jack Dorsey, CEO of Twitter and payment processor Square, declared in 2018:
"The world ultimately will have a single currency, and the Internet will have a single currency. I believe that it will be Bitcoin."
 
Like many other countries, the Indian government fears that cryptocurrencies have already unstable the very roots of their national currency. Last year, Bloomberg recorded that:
" The rise of distributed-ledger technologies and the peer-to-peer concept of private digital money challenges the raison d’être of central banks, which for centuries have dominated currency issuance."
 
Probably, there is no direct answer to the question of what impact cryptocurrencies would leave on the money issued by banks. But we can provide the solution in parts to have a better understanding of our topic.
 
Size matters
Cryptocurrencies are representing 2.4% of physical fiat money weighing $121 billion. But it is much less than the money sitting in checking or savings accounts. The number of notes and coins in circulation is about $5 trillion in the world.
On the other hand, the current worth of cryptocurrencies is equal to Ukraine or Morocco. This means that all the crypto owners represent the most considerable wealth by GDP value higher than currencies of any 130 countries.
In January 2018, Bitcoin alone touched the heights of the market cap and attained the value of $300 billion. Bitcoin would be considered among the top 40 wealthiest countries if it was a country.
Many industry leaders have very optimistic views: Dan Morehead, the founder of investment firm Pantera Capital, claimed that the crypto market cap could reach $40 trillion. While Tim Draper, venture capital investor and founder of Draper Fisher Jurvetson, predicted:  
 
"The capitalization of cryptocurrency would reach $80 trillion in the next fifteen years."
If this situation remains stable, cryptocurrencies would affect the countries' national currencies and minimize the value of physical fiat money significantly.
 
(Cryptocurrency)Money or not
Different opinions are found to assess whether cryptocurrencies can figure out money or not, affecting national currencies.
In France, official authorities are firmly against using the word "cryptocurrency." They insist on referring to Bitcoin, Ethereum, Litecoin, or any other cryptos as" crypto-assets." The Banque de France that is the French central bank, revealed that:
" Crypto-assets are not currencies, as they don't provide the three essential functions of currencies – store of value, means of payment, and units of account."
 
After commanding a detailed report on cryptocurrencies, the government manages complex tax schemes and regulations of crypto assets.
But the situation is quite different in Germany. The ruling officials consider cryptocurrencies equal to the legal means of payment, just like physical cash. They have accepted cryptocurrencies as an alternative means to perform transactions rather than a payment method. So that other countries are also accepting cryptocurrencies and favoring their legal regulation in the country. Bitcoin is legally active to perform transactions and payments since 2017. In Australia, cryptocurrencies are flowing in the country just like physical cash or money.  
The worldwide legal status of cryptocurrencies seems complicated. Many countries are still analyzing different ways to regulate them in their countries. Bitcoin is in a legal gray area for much of the world. Therefore, it would be fair to say that most countries are making efforts to cope with crypto assets.
Nexalt, a cryptocurrency, is legally active to perform transactions overseas with high security. Nexalt is the modern invention of the present time, highly useful based on the MLC coin. MLC is the idea that performs multi-level marketing plans in a decentralized way. Like other cryptocurrencies, Nexalt works by using the sender's and receiver's public key to make successful transactions. But the only difference is that every sender or receiver needs a sponsor for using NEXALT. Any existing user of NEXALT can be a sponsor. Both the sponsor and the user get rewards for mining the coins.
 
Decentralization of System
The core benefit of Nexalt is that it is a decentralized system free from the control of any third person such as banks or other money regularity authority and government. The involvement of any third person can access your data and make changes to it that would lead to corruption. But your data is fully secure when you are making transactions through Nexalt.
 
Transparency
In banks and other conventional methods of transaction, data remains under the control of a third person. Everyone has no access to the data. While in Nexalt, all the data is kept public and visible to everyone connected to the network. It enhances the transparency of the system. This fabulous feature of Nexalt gets the favor of investors.
 
Highly secure
Nexalt, a highly advanced technology, does not require any central authority to run the system. It makes secure and successful transactions. Your data is in solid hands: void of the danger of fraud and scams. Security terms and conditions attract investors to purchase NeXalt.
 
Speedy and Low-Cost
The conventional methods of the transaction take days and have high expenses. But, Nexalt makes the transactions just a game of a few seconds. It provides a faster and low-cost transaction around the globe. As compared to the traditional method, it is highly faster.
 
National cryptos
A few countries are adopting cryptocurrencies as a national currency. In February 2018, the Marshall Islands, a tiny independent nation in the Pacific Ocean, announced a" Sovereign Currency Act." This act introduced a new blockchain-based currency called the Sovereign (SOV). It became "a legal tender of the Marshall Islands for all debts, public charges, taxes, and dues."
National cryptocurrencies can be used to avoid the limits regarding markets and trade. That's what the Venezuelan government is trying to launch Petro, a supposed cryptocurrency.  
 
No more Physical cash
Cryptocurrencies are being regarded as the money of the future. Elon Musk, CEO of Tesla and SpaceX, stated in an interview:
" Paper money is going away, and crypto is a far better way to transfer value than pieces of paper, that's for sure,
 
Most of the developed countries are feeling the need for a truly decentralized crypto asset.
Honk-Kong-based crypto-exchange BitMex and Sweden's central bank, Sveriges Riksbank, are favoring E-money in their countries.
 
E-money will be practical and helpful to perform transactions and payments anywhere in the world. Many industries believe that physical cash has been a better choice concerning privacy. But a digital society is in dire need of digital cash.  
 
Conclusion:
However, cryptocurrencies are affecting the countries' national currencies.
A short essay published by two independent researchers shares a similar view.
 " The elimination of cash, even if most payments are already digital, will make society more vulnerable to surveillance, financial control, and authoritarianism."
There are high chances that crypto-currencies will have a significant impact on national currencies and economies. In many aspects, they already have impacted the national currencies in terms of transactions and payment methods.