After 7 years of R and D, the Nugenesis network is built and ready for launch. NuGenesis is a system of blockchain technologies that integrates blockchain load balancers and system validators to efficiently flow data into infinite parallel processing blockchains. The more users, the faster the transaction speed!
NuGenesis parallel processing blockchains are multilingual cross chains allowing dApps built on Eth, Substrate, Bitcoin and 29 other language systems to be seamlessly interoperable. The NuGenesis blockchain network configurations are complete and functional, and in-built in the code to constantly improve and innovate. It is entirely gas-less. It is zero-carbon emission, and totally Green.
Unlimited scalability for real world use
NuGenesis is designed to meet the expectations of mainstream society: unlimited scalability for real world corporate and government application; transaction speed in the millions per second; interoperability such that different blockchains languages can seemingly communicate.
In the same way that users expect their VISA or MASTERCARD transactions to be instant, or their wifi to connect in any country with any make or phone, NuGenesis delivers blockchain applications without the need for a central authority, that is immutable, uncorruptible and censorship resistant. Artificial intelligence (AI) is used throughout the blockchain networks to underscore the integrity system.
Rather than reducing data on the blockchain to increase speed, we want more data. Data is the new gold! Storage chains keep that data for user analytics on the explorer. We integrate hybrid public and private networks allowing all users to allocate how to most efficiently manage sensitive data, balancing speed and security.
The next generation in crypto assets are here
NuGenesis has allowed for the evolution beyond smart contacts and NFTs, into comprehensive dynamic Digital Notarised Contracts and Serial Notarised Digital Assets, to springboard the creation of a new generation of crypto assets. Serialised assets allowing conditions to be placed, such as mortgages to raise capital, conditions to be met before release, multi-signature treasury wallets for the creation of global defi. Lost or stolen crypto assets no longer have to terrorise new users: they can be restored with a technology revolution that provides necessary comfort for mass adoption.
Constant innovation rate: eye on future needs
The limitations of old tech have been surpassed. The NuGenesis governance system provides for the minting of coins and distribution into system treasuries to cater for an on-going rate of innovation. That means:
- No sluggish inability to upgrade. Instead there is forkless upgrades;
- Treasuries fund investment in exploiting the opportunities of the future with core devs working on quantum resistance; zero-knowledge proof integration to protect privacy of data; satellite based off-line transactions and the virtual reality realm (‘parallel worlds’) where global interaction by avatars replace the keyboard;
- Treasuries reward all the users in the system for their contribution to ecosphere, including all users who benefits from an airdrop of 10% of coins minted each month.
For the benefit of all participants
Unlike 99% of the projects to date, there is no pre-creation/pre-minting of coins with founders or a crypto aristocracy hording vast amounts of coin sold to the public on the promise of the blockchain. We are the opposite: the coins are minted by the system (miners and overseen by AI) and distributed according to the protocols for the benefit of the ecosystem as a whole.
Collaboration
Interoperability is now here!
As a layer 1 blockchain, we welcome new projects in a gas-less ecosystem with:
- the ability to customise their own version of the NuGenesis blockchain and either para-chain or better still, become a parallel processing network;
- the V2R launchpad to crowdsource and receive development funding; and,
- a Fully Fledged Market Exchange (Ledger X) to optimise its access to capital.
Existing projects can readily bridge/cross chain with either the NuGenesis multi-language blockchain or with the Leger X exchange blockchain configuration to allow for gas-less interoperable exchange of crypto assets from different exchanges or to further access capital.
A fully developed eco-system
Three essential ingredients:
- Actively engaging community (Just Social)
To engage the user-participants we have the Just Social, decentralised Social media platform. Interaction, critiques and reviews, exchange of services, access to opportunities and a dashboard of useful crypto metrics at their fingertips, are just some of benefits where the whole community is rewarded for every contribution: marketing, admin, sourcing a tech innovation, peer reviewing a collaboration etc. A place to earn and learn, not just to invest.
- Fully Fledged market Exchange (Ledger X)
The Ledger X exchange has all the advantages of a centralised exchange in terms of speed and convertibility to fiat to crypto/crypto to fiat, but without the central point of failure. Data is decentralised through 11 witness nodes spread globally. It represents the safest access to mainstream capital markets and fiat currency liquidity.
- Synergistic relationship with legal systems (Crypto Codes in Special Digital Economic Zones)
NuGenesis has been working with number of jurisdictions developing their own CBDCs and seeking to integrate and provide legal certainty in regard to crypto assets. Jurisdictions are planning a Blockchain Code to provide legal recognition for digital (non-human) estates and wills; DAOs; crypto payment instruments and arbitration of disputes. Digital Passports, KYC/AMC verified by AI, will enable users to transact in recognition that they have identity integrity and even on a zero-knowledge proof basis thereafter for privacy.
The code will also offer (a) qualifications and accreditation with a Digital Commerce University; (b) duties on founders, developers and miners to users on standards of conduct; (c) voluntary disclosure requirements for registering projects regarding capital raising by prospective projects to provide the incoming mainstream investors sufficient commercial certainty and comfort.
Welcoming mainstream capital to fund the techno renaissance
The NuGenesis ecosystem is the most conducive interface to welcome mainstream capital flow.
We cater for mainstream expectations by providing:
- new frontiers for the creation of crypto assets including beyond tokens and in virtual reality;
- a true interoperable experience agnostic as between blockchain assets and dApps;
- a decentralised, and safer, fiat-crypto-crypto-fiat exchange through which to invest;
- through serialised Digital assets, hack-proof confidence in building assets for personal and commercial use including multi-sig wallets and such conditions for mortgaging new and existing asset acquisitions in a modern real defi capital market;
(lost of stolen mnemonics, wallets and crypto assets can, subject to verification, be burned and true ownership restored).
- Off-line satellite payment systems and local remittance offices;
- legal and commercial certainty in the status of their crypto; identity integrity; duties and standards of conduct and disclosure and access to arbitration justice.
Who are we and why this blockchain network system was developed?
The various founders and related parties have been working with Governments to develop Central Bank Digital Currencies (‘CBDC’s), and infrastructure investment platforms. Remember that only 1/3 of the Central Banks are part of the Bank of International Settlement. Most of world’s countries suffer the same asymmetry of power and access to global capital as those who propel the growth of the Crypto space. They are equally desirous of open, neutral and permissionless access to global capital.
Through this experience NuGenesis was developed to address the needs of real world scalability. Countries cannot rely on human validators, inefficient or excessive resource use. They require zero carbon emission.
Countries require serialisation of crypto currencies and the most Advanced AI KYC/AML to secure the integrity of their economy and the uses to which it is put.
It is from this use-case experience that NuGenesis realised the commercial applications that it now offers.
SEE THE DETAILED WHITE PAPER
Please see our detailed white paper. It differs from other projects because the focus is to describe the underlying philosophy and design principles that have guided the architecture and the inbuilt protocol for the evolution of the blockchain network system.
It is divided in Parts. Part A provides the overview and summary. Part B, the technical overview. Part C the driving philosophy to the design principles.
Part D, the legal status of NuCoin. Unfortunately, most of the existing crypto projects exhibit features such as pre-creation of large number of coins held by founder; and/or promises to build a non-operational blockchain where the informational asymmetry with the investor creates securities law concerns for regulators. NuCoin, by contrast, is a fully system minted protocol on a fully built and operational blockchain structure. No investors were ever sought to raise the funds to built it. It is the system that mints and distributes NuCoin relative to the economic contribution the code expresses. Therefore, NuCoin does not risk the ire of Security Regulators.
Part E discusses the risks and the volatility of the crypto markets cannot be understated. Please carefully consider with your professional advisers the appropriateness of participating in the NuCoin ecosystem in your circumstances.
Follow NuCoin on Facebook: https://m.facebook.com/nutechcity
The post Nugenesis Network – Build Crypto Dapps Seamlessly in More Than 29 Language Systems appeared first on NullTX.
Source: null tx
Source: thinkbitcoins
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