Protocol Layer
Learn more about the NIX network's Protocol Layer
The NIX network implements Proof of Stake, a distributed consensus mechanism in which the blockchain validation procedure and new block creation is facilitated by holders of NIX coins. This model complements NIX’s vision as it provides benefits including high security, energy efficiency and a reduced risk of centralization.
Development Status
Complete
Ghost Protocol
The Ghost Protocol incorporates various tested technologies to offer a superior layer of privacy. Zero-knowledge proofs are used to conceal transaction data, over the Tor network, providing full transaction value and location privacy.
Development Status
Complete
Ghostnodes
NIX Ghostnodes help to secure the NIX network. Additionally, Ghostnodes facilitate transactions utilizing the Ghost Protocol. In return, Ghostnodes are rewarded for the resource they provide in processing privatized transactions, along with a portion of block rewards from each mined block of the NIX chain.
Development Status
Complete
Lease Proof of Stake (LPoS)
The NIX Network allows for a smart-contract lease of coins. Lease staking allows users to lease coin amounts to be staked by another address/entity while still containing total ownership of those coins. The lease staker is a partial owner to the coins being that they are only able to stake those coins on behalf of the original owner.
This introduces safe and secure ways to stake on the cloud, or trustlessly stake using a third-party provider.
Development Status
Complete
Ghost Vault Staking
Ghost Vault Staking incentivizes users opting to store their minted NIX coins in their secret Swiss account over a period of time, ensuring they do not miss out on block rewards. By incentivizing users to stake Zerocoins in the Ghost Vault, Ghost Vault Staking helps to increase NIX’s privacy set.
Development Status
In Development
