According to the official announcement, Nexus will launch the network testnet today! The launch time is 9:00 AM on December 9, 2024.
I. Project Introduction
Nexus Network is a massively parallel proof-of-work mining network. It is a world-class instantiation of Nexus zkVM, designed to run at a speed of one trillion CPU cycles per second, provided it connects sufficient computing power. Nexus zkVM (Zero Knowledge Virtual Machine) is a modular, scalable, open-source, highly parallelized, verification-optimized, contributor-friendly zkVM, written in Rust, focusing on performance and security.
Tags: Infrastructure, zk
Establishment Date: 2022
II. Financing Situation
1. December 1, 2022: Nexus completed a $2.2 million seed round financing. Led by Dragonfly Investment Institution, with participation from Alliance DAO, SV Angel, and Blockchain Builders Fund.
2. June 10, 2024: Nexus completed $25 million Series A financing. Led by Pantera Capital and Lightspeed Venture, with participation from Dragonfly, Faction, and Blockchain Builders Fund.
III. Project Highlights
Currently, Nexus is in phase 1.0, a modular, scalable, open-source zkVM written in Rust, focusing on high performance and security.
zkVM Details:
In the world of blockchain and Web3, the virtual machine (VM) is a key component. It is responsible for executing smart contracts on the blockchain, managing transactions and protocols without third-party intervention, commonly seen in EVM (Ethereum Virtual Machine). With zk added, everything is about optimizing privacy:
Privacy protection: When conducting transactions on a public blockchain, all data is publicly visible. zk can help protect user privacy, ensuring that the details of transactions are not leaked.
Increased efficiency: zk can reduce the computational resources required to validate transactions and execute smart contracts, as verifiers only need to check proofs without re-executing the entire computation process.
Enhanced security: Through zk, blockchain systems can ensure the authenticity and integrity of data without exposing the specific content of the data.
IV. Details
1. Recommendation: Beta mining is now open.
2. Open Link: https://beta.nexus.xyz
3. Login Email: Click the small person icon in the lower left corner to bind your email.
4. Click to Start: Simply click the link in the middle of the page.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your area. Refusal to invest, risks are borne by the investor.
