Cryptocurrency Nesten (NIT)
The price for Nesten (NIT) cryptocurrency is currently 0.0095 $ (15 min delay),
daily range of currency change is 0.0094 - 0.0097 .
Last 24 hours news: trading volume -
12.00 $, price variance
+0.65%
.
Project Website - https://www.nesten.io/
Explorer of transactions - https://explorer.nitwallet.io/home
Twitter Account - https://twitter.com/nestenUS
Chart Nesten (NIT)
Current price Nesten (nit) | 0.0095 $ |
Market Capitalization | 0.00 $ |
Trading Volume last 24h | 2.51 $ |
Absolute maximum | 0.38 $ |
Absolute minimum | 0.00023 $ |
Nesten Quotes
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What is Nesten (NIT)
Nesten builds end-to-end decentralized community-based communications infrastructures, with network operation and management based entirely on its private proprietary blockchain platform. Everything from node installation and operation to end-device use cases and data consumers is performed by and within the networkâs fully self-sustaining ecosystem. As of December 2021, Nesten has deployed more than 700 of its wireless network nodes across major markets in both the U.S. and South Korea, as well as in 10 other countries.
Nesten was launched in 2018 in Tustin, California, to redefine the wireless landscape. It has since integrated tokenization as a means of supporting microservices for large-scale, complex IoT use cases; as a currency medium for data transactions generated within the ecosystem; and as a way to provide meaningful financial incentives for maintaining network performance.
The networkâs financial architecture is built on its own cryptocurrency, the New IoT Token (NIT), which is based on Ethereum blockchain. One billion NIT were created at genesis with 65% of the total quantity reserved for ecosystem functionsâincluding network buildout, coverage verification, and proof reward allocationâand 35% reserved for company operations. NIT is currently trading on the European exchange, linked to the real economy, and completely convertible to other forms of currency. Unlike other cryptocurrencies, the NIT operates semi-independently of public blockchains and processes transactions nearly instantaneously at a fraction of standard fees.
Nestenâs blockchain utilizes Proof of Authority (PoA) consensusâa reputation-based consensus algorithm in which transactions and blocks are validated by industrial-grade servers owned and managed by rigorously-vetted stakeholdersâto facilitate high transaction throughput and scalability. The networkâs multi-layer blockchain also supports decentralized identification (DID), ensuring a high degree of individual data privacy through cryptographic data encryption and key parity generation at the point of data creation.
The extensibility and reliability of Nestenâs network lends itself to a range of verticals, including the companyâs patent-pending shared parking and advertising solutions, already implemented using the networkâs own crypto wallet and modular payment system to easily integrate NIT payments with application software. The team has partnered with major industry leaders in wireless communication and cryptocurrency, as well as leading developers of smart display assets, precision sensors, and enterprise computing equipment, and it is pursuing opportunities in remote medical care and 5G expansion.
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