1. QiAi QuestsHome
  2. AI & Tech Insights

NBS What Currency (nbs token)

• AI & Tech Insights • 80 views

NBS What Currency: Editor\’s Note: This article is from Bitinformation(ID:bitcoi

NBS What Currency (nbs token)

NBS What Currency: Editor’s Note: This article is from Bitinformation(ID:bitcoin8btc), Author: 0x29, authorized by Planet Daily.

According to CoinMarketCap data, as of now, NBS has become the 12th largest cryptocurrency in the world, with a market value of over 1 billion US dollars. According to Binance data, as of the time of writing, its price has reached $3.77; an increase of over 30% in the past month.

NBS is a digital asset based on blockchain technology and has three main uses:

1. Used for payment and transaction fees and accounting fees;
2. Supports the infrastructure of the underlying network protocol;
3. “One-stop” service platform;
4. Provides distributed solutions and services for enterprises;
5. Decentralized storage and cloud computing system.

NBS is a new mechanism that uses a mechanism called “NDX” (Non-distributedDataShares) to achieve the code name “NYD”. This new mechanism is called “NTX” after it runs on the Bitcoin network, as its operation principle is similar to a computer program. But in fact, it is a network composed of multiple independent nodes. Since each node has its own private key, they cannot be interchangeable. Therefore, two people cannot control the same number of tokens, but only two nodes have all the private keys, and these nodes do not operate or call smart contracts through consensus, but reach an agreement by verifying the information contained in the block. This makes the process extremely opaque and costly while ensuring security.

In addition, if users transfer their funds from Bittrex out of the exchange, they can receive a certain proportion of BTT income, and then send tokens such as BTC, ETH, or USDT between other wallets.

nbs token

According to official news, the nbs token is a decentralized digital asset (Decentralized Cash, referred to as “dCash”) trading service launched by the blockchain development team Nervos Labs. It is currently listed on top exchanges such as Coinbase and Huobi.

It is reported that dCash is a peer-to-peer cryptocurrency issued based on the Ethereum ERC-20 standard protocol. It is similar to Bitcoin and Litecoin and can be used for exchanging fiat currencies, stablecoins, and other financial products. It can also be used to purchase goods and services and mortgage lending platforms.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/22784.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/09/2023 08:17
Next 08/09/2023 08:40

Related recommendations