Introduction to Nexa Cryptocurrency
Nexa is an emerging cryptocurrency mined on the graphics cards. Leveraging an innovative approach to the Proof of Work hashing algorithm known as NexaPoW or NexScalePoW, Nexa’s blockchain offers a unique blend of SHA256 hashing and Schnorr signature creation.
Nexa’s main focus is to significantly enhance network capacity and computational strength. One of the remarkable features of Nexa is its ASIC-resistance. This characteristic ensures a fair mining environment by reducing the risk of centralization. The NexaPoW algorithm encourages widespread participation, as individuals and entities can help secure the network with the possibility of earning NEXA tokens.
As of now, the live Nexa price stands at $0.000006 USD, with a 24-hour trading volume of $281,187 USD. Currently, Nexa ranks #704 on CoinMarketCap. It has a max. supply of 21,000,000,000,000 NEXA coins. Nexa is presented on many cryptocurrency exchange platforms including BitMart, MEXC, CoinEx, Txbit, and SafeTrade.
Which Nexa Wallet to Choose
We strongly advise you to use the official Nexa wallet which includes a complete copy of the blockchain. This provides you with full control over your keys and subsequently, your Nexa coins. Having this full node wallet ensures you are directly interacting with the blockchain, providing optimal security, privacy, and trustless assurance. The rule to remember is not your keys – not your coins.
While a Nexa address can also be generated on a cryptocurrency exchange such as MEXC, keep in mind that this means your coins will be stored on the exchange’s wallet. You do not own the private keys to that wallet, and this can potentially expose your funds to risks, including the exchange being hacked or going offline.
The Android wallet for Nexa is available as well, offering mobility and accessibility for Android users. The iOS version is currently under development and will be available soon to accommodate the needs of iPhone users.
How to Set Up Nexa Mining
The Nexa mining algorithm is still protected from ASIC devices. This means that Nexa mining can be performed using only video cards. The most popular mining software for Nexa is lolMiner and rigel. You can also rent hashing power from Nicehash, as this platform supports the NexaPoW algorithm. At 2Miners, we have two ports with different share difficulties. One is for GPU mining, and the other is for Nicehash.
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