What are the highlights of the next Grass? Nexus’ web mining mechanism?

Number: PandaLY Hotspot Insights Broadcast No.012

Nexus is an innovative project with high-performance blockchain technology as its core, focusing on the "web-side CPU mining" (i.e. "CPU header mining") model, aiming to lower the mining threshold and attract ordinary users to directly participate in computing through the browser. Contributing while combining the ecosystem of decentralized finance (DeFi) and distributed artificial intelligence (AI), Nexus’ ultimate goal is to compress all verifiable computing into a single proof, converge million chains with applications to create a unified world computer .

Its core advantages include:

• High concurrency processing capability: Nexus public chain claims to process more than 3,000 transactions per second, far exceeding Ethereum's throughput and meeting the needs of large-scale commercial use.

• Web3.0 and mining integration: Through the web mining model, users can participate without professional equipment, greatly expanding the user base, similar to Grass (distributed computing power network), but emphasizes lower thresholds and immediate returns.

• Decentralized financial optimization: built-in oracle, native Swap and other functions, targeted optimization of DeFi scenarios, and the goal is to replace traditional centralized financial infrastructure.

Project vision and technical highlights

• Project Vision: NEXUS is committed to "connecting to the decentralized world", building a global computing resource pool, integrating global computing resources, achieving cross-chain interoperability, and providing developers with efficient and uncompetitive similarities to traditional cloud computing (such as AWS Lambda). Server platform.

• Technical Highlights: The project is based on Nexus zkVM technology, combined with on-chain and off-chain computing methods, aiming to lower development thresholds and ensure system security and data immutability. We adopt cutting-edge technologies such as zero-knowledge proof, off-chain computing, and multi-party computing to ensure low cost, high security and high scalability.

• Current development status: The project recently announced the launch of a new blockchain based on Layer 1, and has successively opened test networks (such as Nexus Testnet II), and will release detailed architecture and roadmap in the next few weeks. In addition, the team will open Nexus Testnet II on February 18, 2025, and the testnet will be open until February 21, 2025. Testnet II's goal is to prepare for the integration of the Nexus Layer 1 blockchain.

**Nexus background: "Industry, Academic and Research" combination led by

academic masters + top capital support**

Key Team Members:

CEO Daniel Marin: a fresh graduate of Stanford, a medalist in the International Physics Olympics, an active developer of Github, and a solid technical background.

Advisor Dan Boneh: Professor of Cryptography at Stanford and Fellow of the National Academy of Engineering, providing academic authoritative endorsement for the project.

Executive Team: Other core members of Nexus are also composed of highly professional cryptography teams, and have a lot of experience in the Web3 industry, involving work experience in multiple organizations such as Difinity, Jump Crypto, Matter Labs, a16z bootcamp.

Financing scale:

The Nexus project has attracted a lot of capital in its early stages. According to public information, the project has completed a Seed Series financing of about $2.2 million and received about $25 million in Series A, with a total financing amount of about $27.2 million.

Top Capital Endorsement:

Investors include well-known institutions such as Pantera Capital, Lightspeed Venture Capital, Dragonfly Capital, Alliance DAO, Faction, SV Angel and Blockchain Builders Fund, which shows the capital market's high recognition of project technology and business model.

Nexus airdrop and participation process

Currently, Nexus Network is in the initial beta testing phase, and users can participate in mining through the official (https://beta.nexus.xyz/). Participation methods include connecting to the Nexus Network using a web application or command line interface. It should be noted that there is no need to bind a wallet at the current stage, and it has not yet been clarified whether there is a reward, which belongs to the blind digging stage. Therefore, it is recommended that users do not clear the browser cache during participation to prevent points loss.

For users who are interested in participating in mining, it is recommended to follow the following steps:

Step 1: Visit Nexus official website

Step 2: Click the "Connect" button, connect and start mining.

Step 3: Keep the page open and avoid refreshing or closing to continue mining.

Please note that mining speed is related to computer configuration, and devices with stronger performance will obtain higher mining efficiency and benefits. In addition, ensure stable network connections to avoid impacting mining efficiency due to disconnection or lag.

For more information and latest updates, you can follow Nexus’ official Twitter account or visit its official website.

*PandaLY security tips: Be sure to participate through official channels and be careful to prevent phishing links.

Next Grass? Competition Analysis

Comparison of project advantages:

Dimension

|

Nexus

|

Grass

|

Traditional financial public chains (such as Solana, Ethereum)

---|---|---|---

User threshold

|

Direct mining on the web side, zero hardware cost

|

Need to install a client, relying on network bandwidth

|

Need to pledge and run nodes, with a high threshold

Mining mode

|

Equipment-free mining (web page), combined with zkVM

|

Distributed GPU/CPU computing power sharing

|

Relying on PoS or PoW

Technical positioning

|

Financial public chain + AI integration

|

Distributed computing power network

|

Ethereum is centered on smart contracts, and Solana is centered on high-performance DeFi.

Ecological expansion

|

Built-in DeFi tools, developer-friendly

|

Focus on computing resource sharing

|

Flanked in financial ecology and highly versatile

Security

|

zkVM + decentralized storage + smart contracts

|

Focus on the security of computing power scheduling

|

Relying on L1 or L2 solutions

Nexus lowers the participation threshold through the web mining model. Compared with the high requirements of Grass and Solana, ordinary users can contribute their computing power and receive incentives without professional hardware.

Technology positioning is more inclined toward the integration of finance + computing, while Grass focuses more on decentralized computing power transactions, while Solana/Ethereum focuses on financial ecology.

It has strong ecological scalability. It optimizes smart contract execution through zkVM technology, is compatible with AI computing and DeFi applications, and forms a more comprehensive Web3 computing infrastructure.

Market awareness: Grass has accumulated a stable user base, and Nexus needs to quickly break through the circle through differentiated mining models.

Nexus Security Analysis:

Nexus web mining has built a mining network with both technical depth and user-friendly through three core highlights of zero-knowledge proof, decentralized parallel computing and low-threshold user experience, but it is currently in the testing stage. Core technology and security have not yet been verified on a large scale in the market, and web mining has higher requirements for technical security.

Especially in the Web3 field, security has always been one of the key factors that determine the life and death of a project. Especially decentralized computing networks like Nexus involve multiple levels such as smart contracts, mining security, user privacy, etc., and rely on centralized scripts. Issues such as deployment and not fully open source of some code still need to be paid attention to.

Potential risks:

• Code security and vulnerabilities: If there are vulnerabilities or backdoors in web mining code, it may be exploited by hackers for malicious operations; at the same time, the project's node software may also face the risk of vulnerabilities.

• Data privacy issues: Users may need to provide email and other information during mining, and they need to ensure the security of data transmission and storage.

• Fishing and counterfeiting risks: Due to the high market popularity of mining projects, counterfeiting websites or phishing attacks may occur, and users are easily deceived.

• Resource abuse and performance impact: Long-term hang-up on the browser may cause user equipment to overheat and increase power consumption, and if malicious code is implanted, it may evolve into a "cryptojacking" (hijacking computing resources) attack.

Safety suggestions and protective measures:

• Code audit and vulnerability scanning: It is recommended to conduct a comprehensive security audit of Nexus mining front-end code and node deployment software to promptly discover and fix security vulnerabilities.

• Data encryption and transmission security: Ensure that user data uses encryption protocols such as HTTPS during transmission to prevent man-in-the-middle attacks.

• User education and risk warning: Clearly disclose the risks in the testing phase to users, and it is recommended that users try using independent devices or virtual machines to prevent resource abuse problems caused by malware.

• Multi-layer protection architecture: For node deployment, it is recommended to adopt firewalls, intrusion detection systems (IDS) and other security measures to protect the server from external attacks.

Conclusion

In the blockchain industry, technological innovation and ecological prosperity are often accompanied by security challenges. As the emerging Layer 1 blockchain, while promoting the integration of global computing resources, Nexus must also face a series of security issues such as decentralized mining, smart contract vulnerabilities, governance security, and economic model stability. Security is not only a technical issue, but also the lifeline of the long-term development of the Nexus ecosystem.

Security is not a one-time task, but a process of continuous optimization and iteration. If Nexus wants to become a new generation of high-performance public chains, it must focus on security and continuously consolidate its own defense capabilities in order to truly become the mainstay of the global decentralized computing network.