Nexus Updates

Nexus is set to launch the Nexus L1 blockchain. The testnet, Nexus Testnet II, was open from 1:00 AM Beijing time on February 19th to 8:00 AM on February 22nd. In the coming weeks, more details regarding the Layer 1 architecture, roadmap, and technical elements will be shared.

This morning, Nexus announced the end of the testnet. Founder Daniel Marin declared that the Devnet is now live, with activities that may not be trackable. It is intended to serve as an experimental sandbox environment for Nexus, hinting at more updates and surprises to come.

Nexus Overview

Nexus is a high-performance blockchain technology core that focuses on a massively parallelized proof network within the realm of decentralized cloud computing. Inspired by the SETI project (a scientific experiment developed by the University of California, Berkeley, which uses globally networked computers to search for extraterrestrial intelligence) and the Folding project (a distributed computing project from Stanford University), Nexus envisions building an internet based on verifiable computing. It aims to connect computing devices scattered around the world—such as large GPU farms, computers, and mobile devices—into a single supercomputer.

Nexus Labs

Nexus Labs optimizes the global allocation of computing resources through a parallelized architecture. It aims to lower barriers and attract ordinary users to contribute computing power directly through their browsers. Nexus combines the security and speed of blockchain technology with a flexible and scalable system. Like other blockchains with a UTXO system, Nexus does not store data in a linear fashion but uses a unique three-dimensional chain structure.

Nexus Architecture Advantages

From the available information, Nexus has evolved from version 0.0 to 1.0. It is a modular, scalable, and open-source zkVM written in Rust, focusing on high performance and security. Using the Nexus zkVM, Nexus connects computing supply with proof demand, allowing anyone to connect their devices to the network:

• High Concurrency Processing Capability: Nexus 0.0 version ran at 1Hz (one CPU cycle per second). The 1.0 version, with its modular, scalable, and open-source zkVM, operates at approximately 100Hz, a 100-fold increase from version 0.0. This far exceeds Ethereum's throughput and meets the demands of large-scale commercial use.

• Web3.0 and Distribution Protocol: Using sharding storage technology, users can participate without needing high-end devices, significantly expanding the user base. Similar to Grass (a distributed computing network), Nexus combines hardware computing power to reduce energy consumption.

• Connecting Computing Supply and Proof Demand: Anyone can connect their devices to the network, not only to participate in computing but also to receive corresponding incentives.

Nexus Team

The Nexus team is led by top scholars and supported by leading institutions:

• Daniel Marin: Founder and CEO of Nexus Labs, a Stanford graduate, an International Physics Olympiad medalist, and an active GitHub developer with a solid technical background.

• Dan Boneh: Stanford cryptography professor and consultant, providing academic authority for the project.

• Alex Fowler: Chief Strategy Officer and member of Plural VC, with degrees from Brown University and George Washington University.

• Paul Govereau: CTO, previously a key technical figure at Oracle.

The executive team consists of other core members with backgrounds in cryptography and extensive experience in the Web3 industry, including work with organizations such as Dfinity, Jump Crypto, Matter Labs, and the a16z incubator.

Nexus Funding

According to public information, Nexus completed a $2.2 million Seed round in December 2022, led by Dragonfly, with participation from Alliance DAO, SV Angel, and Blockchain Builders Fund.

In June 2024, Nexus raised approximately $25 million in Series A funding, led by Pantera Capital, with participation from Lightspeed Venture, Dragonfly, Faction, and Blockchain Builders Fund. The total funding reached approximately $27.2 million across the two rounds.

Nexus Summary

Nexus Labs is addressing traditional blockchain pain points through technological innovation and economic models. Security is not a one-time task but a continuous process of optimization and iteration. Nexus has evolved from version 0.0 to 1.0, and with the launch of Nexus Testnet II on February 18th, the goal is to prepare for the integration of the Nexus Layer 1 blockchain.

Nexus is leveraging its team's expertise and ingenious technical design to tackle the new world of scalable and verifiable computing. By combining decades of innovation with a highly parallelized and modular system, Nexus has solved three key scalability issues. General-purpose verifiable cloud computing for blockchain scalability opens up new frontiers, and it is expected to significantly enhance the computational capabilities of blockchains and rollups in the future.

Nexus Updates

Nexus is set to launch the Nexus L1 blockchain. The testnet, Nexus Testnet II, was open from 1:00 AM Beijing time on February 19th to 8:00 AM on February 22nd. In the coming weeks, more details regarding the Layer 1 architecture, roadmap, and technical elements will be shared.

This morning, Nexus announced the end of the testnet. Founder Daniel Marin declared that the Devnet is now live, with activities that may not be trackable. It is intended to serve as an experimental sandbox environment for Nexus, hinting at more updates and surprises to come.

Nexus Overview

Nexus is a high-performance blockchain technology core that focuses on a massively parallelized proof network within the realm of decentralized cloud computing. Inspired by the SETI project (a scientific experiment developed by the University of California, Berkeley, which uses globally networked computers to search for extraterrestrial intelligence) and the Folding project (a distributed computing project from Stanford University), Nexus envisions building an internet based on verifiable computing. It aims to connect computing devices scattered around the world—such as large GPU farms, computers, and mobile devices—into a single supercomputer.

Nexus Labs

Nexus Labs optimizes the global allocation of computing resources through a parallelized architecture. It aims to lower barriers and attract ordinary users to contribute computing power directly through their browsers. Nexus combines the security and speed of blockchain technology with a flexible and scalable system. Like other blockchains with a UTXO system, Nexus does not store data in a linear fashion but uses a unique three-dimensional chain structure.

Nexus Architecture Advantages

From the available information, Nexus has evolved from version 0.0 to 1.0. It is a modular, scalable, and open-source zkVM written in Rust, focusing on high performance and security. Using the Nexus zkVM, Nexus connects computing supply with proof demand, allowing anyone to connect their devices to the network:

• High Concurrency Processing Capability: Nexus 0.0 version ran at 1Hz (one CPU cycle per second). The 1.0 version, with its modular, scalable, and open-source zkVM, operates at approximately 100Hz, a 100-fold increase from version 0.0. This far exceeds Ethereum's throughput and meets the demands of large-scale commercial use.

• Web3.0 and Distribution Protocol: Using sharding storage technology, users can participate without needing high-end devices, significantly expanding the user base. Similar to Grass (a distributed computing network), Nexus combines hardware computing power to reduce energy consumption.

• Connecting Computing Supply and Proof Demand: Anyone can connect their devices to the network, not only to participate in computing but also to receive corresponding incentives.

Nexus Team

The Nexus team is led by top scholars and supported by leading institutions:

• Daniel Marin: Founder and CEO of Nexus Labs, a Stanford graduate, an International Physics Olympiad medalist, and an active GitHub developer with a solid technical background.

• Dan Boneh: Stanford cryptography professor and consultant, providing academic authority for the project.

• Alex Fowler: Chief Strategy Officer and member of Plural VC, with degrees from Brown University and George Washington University.

• Paul Govereau: CTO, previously a key technical figure at Oracle.

The executive team consists of other core members with backgrounds in cryptography and extensive experience in the Web3 industry, including work with organizations such as Dfinity, Jump Crypto, Matter Labs, and the a16z incubator.

Nexus Funding

According to public information, Nexus completed a $2.2 million Seed round in December 2022, led by Dragonfly, with participation from Alliance DAO, SV Angel, and Blockchain Builders Fund.

In June 2024, Nexus raised approximately $25 million in Series A funding, led by Pantera Capital, with participation from Lightspeed Venture, Dragonfly, Faction, and Blockchain Builders Fund. The total funding reached approximately $27.2 million across the two rounds.

Nexus Summary

Nexus Labs is addressing traditional blockchain pain points through technological innovation and economic models. Security is not a one-time task but a continuous process of optimization and iteration. Nexus has evolved from version 0.0 to 1.0, and with the launch of Nexus Testnet II on February 18th, the goal is to prepare for the integration of the Nexus Layer 1 blockchain.

Nexus is leveraging its team's expertise and ingenious technical design to tackle the new world of scalable and verifiable computing. By combining decades of innovation with a highly parallelized and modular system, Nexus has solved three key scalability issues. General-purpose verifiable cloud computing for blockchain scalability opens up new frontiers, and it is expected to significantly enhance the computational capabilities of blockchains and rollups in the future.