NYZO is the next RaiBlocks

Attached: nyzo.png (2122x1026, 665K)

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qtrade.io/market/NYZO_BTC
nyzo.co/whitePaper
twitter.com/nyzo_currency/status/1081119545081954305
coinsavage.com/content/2019/01/nyzo/
twitter.com/NSFWRedditGif

It got listed on qtrade a few hours ago qtrade.io/market/NYZO_BTC

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Nyzo is a relatively new and fairly unique cryptocurrency. Nyzo team took original approach in solving problems plaguing Bitcoin and most other coins.

Nyzo finally brings some fresh air in the midst of this stale bear market. It is not a fork of Bitcoin or Monero like most coins are these days. Nyzo is built from scratch, from the ground up. Source code is available and you can check it on their Github. Consensus mechanism is also original. It is called Proof of Diversity. There is no mining or staking.
Nyzo key strengths are democratization, efficiency and sustainability.

The mesh is a central point of Proof of Diversity (PoD) system.

Once you setup your verifier, mesh page will end up in your sticky tabs or even as your homepage. Mesh participants are called verifiers. Verifiers are in charge of verifying transactions and producing blocks. In exchange for securing the network, verifiers collect transaction fees which are distributed fairly among all of them. Each verifier gets a chance to verify one block in one mesh cycle. If, for some reason, it doesn’t propose a block when the time comes it will get kicked out of mesh.

There are also special verifiers called sentinels which protect normal verifiers from attacks or network outages. Requirements for joining the mesh are simple. No special equipment with large amounts of processing power is necessary, nor does it provide any edge. Only unique IP address and always on linux VPS is required. New verifiers are joining the mesh at a controlled rate. Wait times are based on a number of verifiers in the mesh and the number of verifiers waiting to join. At the current rate of around 500 in cycle verifiers and around 830 on the waitlist, one new verifier can join the mesh every two hours.

Scalability

Nyzo can handle thousands of transactions per second. It won’t have problems reaching VISA transaction throughput. The only factor it relies on is the performance of verifiers in the mesh. And the requirements are fairly low. The size of one transaction is also much smaller when compared to Bitcoin – 130 vs 250 bytes. Nyzo doesn’t require any Layer 2 scaling solutions, it is built from the ground up to be fast and scalable.

Another important thing to note is blockchain size. Currently, Bitcoin blockchain is a bit over 200 GB in size and it takes a while to sync a full node. On the other hand, Nyzo only requires last four cycles worth of blocks for a full functionality. Nyzo doesn’t have a block limit. But let’s use some numbers to make a point. If we imagine that each block will be around 1 MB and take a mesh size of 1,000 verifiers we get to a blockchain of just 4 GB. And that’s all the data new verifier needs to join the cycle and start producing blocks. The full blockchain will be archived only for historical references.

Nyzo uses only a tiny fraction of Bitcoin’s resources while performing the same tasks. Nyzo is obviously unproven technology and will have to pass the test of time but it has solid foundations.

Low Transaction Fees

When Bitcoin memory pool gets flooded with lots of transaction due to high network usage, transaction costs go through the roof. Same thing happens with Ethereum and most other cryptocurrencies. Nyzo on the other hand has fixed transaction fee of 0.25% for every transaction. This is very cheap for most typical transactions but it adds up to non negligible amount for large transactions. However, verifiers need to have incentive for securing the network and transaction processing so it is more than reasonable fee.

Sir pls buy LIZA/RELEX/NYZO/BLOCKMESH/METAL/BITCONNECT, veri good coin sir, pls buy.