Nesten Blockchain

Secure

Secure

Data security greatly enhanced with extensive computational resources and processing. Nesten’s consensus leverages the cryptographically strong nature of Proof of Work (PoW) for block generation and enhances the block validation with Proof of Stake (PoS).

Scalable

Scalable

Nesten’s Delegated Proof of Stake (DPoS) lends itself to a highly scalable system. The consensus voting is achieved with an elected set of delegates and super-delegates.

Fast

Speed

Nesten DPoS is designed to address the network speed. The Nesten DPoS can dynamically resize and/or repartition the voting delegates.





Multi-Tiered Blockchain

multilayer



User Tier

Responsible for user authentication, data requests, and key management and protects from malicious network intrusions

Gateway Tier

Key to 24 x 7 network reliability. Maintains operational history of all gateways, including backhaul bandwidth, outages, and data traffic amounts

Device Tier

Handles device registration and authentication. Need to be able to support large data streams in real time


Consensus Algorithm

Hybrid-DPoS (H-DPoS)

H-DPoS leverages the benefits of the three different algorithms
to maximize the network reliability and speed
DelegatedPOS

Delegated Proof of Stake (DPoS)


Delegates are elected via voting process based on Nesten coin holdings.

Regular delegates are responsible for data block validation and storage, while super delegates handles payment transactions as well as algorithm changes. DPoS paves the way for a highly scalable network architecture.
ProofOfWork

Proof of Work (PoW)


PoW ensures the blockchain fidelity with strong cryptographic hash computations, and thereby minimizes the chances of invalid transactions being included in the blockchain.
Performance

Performance Metrics (PM)


The PM is designed to incentivize the gateway hosts to provide a high backhaul bandwidth with reliability.





Delegation

Delegates are elected thru voting process based on Nesten token holdings and get incentivized with compounding rewards for their contribution to the system efficiency and integrity.
SuperDelegate

Super Delegates


Super delegates contribute to key system decisions and handle financial transactions. Due to the importance of their tasks, super delegates get rewarded accordingly.
Delegate

Delegates


Delegates perform extensive processing of block validation and storage. They are the workhorses of the Nesten blockchain.