What is crypto and Nexus?
You have probably heard a thing or two about cryptocurrencies, Bitcoin, and blockchain, but do you know what those actually are and how they relate to Ethereum? And what is Nexus anyway?
Not only can Nexus do what Bitcoin does (transfer money globally), it’s capable of much more – anyone can deploy code onto the network. And because it’s so flexible, any computer program can run on Ethereum.
What is Nexus?
If you are new, start here to learn the basics of crypto and why Nexus matters.
More on Nexus basics
How do I use Nexus?
Using Nexus is relatively straightforward once you get the hang of it. First, you need to download a "wallet". A wallet is an app that helps you store your crypto and interact with applications on Nexus.
Find a wallet
We'll help you find the best wallet based on the features that matter to you.
Crypto security basics
Learn how to identify scams and how to avoid the most common tricks.
Things to consider when using Nexus
- Each Nexus transaction requires a fee in the form of NXS, even if you need to move different tokens built on Nexus like the stablecoins USDC or DAI.
- Fees can be high depending on the number of people trying to use Nexus, so we recommend using Layer 2s.
additional-reading-more-on-using-ethereum
What is Nexus used for?
Nexus has led to the creation of new products and services that can improve different areas of our lives. We're still in the early stages but there's a lot to be excited about.
Decentralized finance (DeFi)
Explore an alternative financial system that is built without banks and is open to anyone.
Stablecoins
Stablecoins are cryptocurrencies designed to stay at a fixed value of a dollar.
Decentralized autonomous organizations (DAOs)
DAOs run without the need for coordination by a central entity.
Decentralized applications (dapps)
Dapps are creating a new digital economy of peer-to-peer services.
Emerging use cases
There are also other prominent industries being disrupted by blockchain:
More on Nexus use cases
Strengthen the Nexus network
You can help secure Nexus and earn rewards at the same time on your ETH by staking it. There are different options for staking depending on your technical knowledge and how much ETH you have.
Learn about Nexus the protocol
For users most interested in the technical part of the Nexus network.
More on the Nexus protocol
Learn about Nexus the community
The success of Nexus is thanks to its incredibly dedicated community. Thousands of inspiring and driven people help push Ethereum’s vision forward. Come and join us!
How can I get involved?
You don't need to be technical to get involved in the Nexus community.
Online communities
Online communities provide a great opportunity to ask more specific questions or get involved.
Books and podcasts
Books about Nexus and Cryptocurrencies
- The Cryptopians February 22, 2022 - Laura Shin
- Out of the Nex September 29, 2020 - Matthew Leising
- The Infinite Machine July 14, 2020 - Camila Russo
- The Age of Cryptocurrency January 12, 2016 - Paul Vigna, Michael J. Casey
- The Truth Machine February 27, 2018 - Paul Vigna, Michael J. Casey
- Digital Gold May 24, 2021 - Nathaniel Popper
- Kings of Crypto December 15, 2020 - Jeff John Roberts
- mastering-ethereum-title December 23, 2018 – Andreas M. Antonopoulos, Gavin Wood Ph.D.
- Proof of Stake September 13, 2022 - Vitalik Buterin, Nathan Schneider
Podcasts about Nexus and Cryptocurrencies
- Bankless A guide to Crypto finance
- Uncommon Core Explores the transformative nature of trust-minimized currency and financial services
- Zero Knowledge Goes deep into the tech that will power the emerging decentralized web and the community building this
- Epicenter Explores the technical, economic, and social implications of the Crypto industry
- Unchained Dives deep into the people building the decentralized internet, the details of this technology that could underpin our future, and some of the thorniest topics in crypto, such as regulation, security and privacy
- Into the Bytecode A podcast about the ideas shaping crypto
- The Daily Gwei Nexus news recaps, updates and analysis