What Is Nerva (XNV)?

Nerva (XNV) describes itself as a secure cryptocurrency that users can mine on their standard desktop computers. Nerva stays true to Satoshi Nakamoto’s (founder of Bitcoin) vision of “one-CPU-one-vote”, which implies that anyone can put funds and purchase more CPUs and mine. Nerva is resistant to GPU and ASIC, the preferred mining hardware. As per its website, Nerva aims to offer true privacy and fungibility (ability to interchange). It is untraceable, with users’ transactions hidden from the public.

Its website states that Nerva gives priority to decentralization, which pools oppose. However, many pool-mined coins are exposed to the possibility of a 51% attack. Therefore, to avoid such issues, Nerva seeks to adopt the technique of solo mining. Miner rewards are not as consistent in solo mining as they are in pools due to hash rate and difficulty. So, a miner may not get rewarded for a long period in solo mining. As pool rewards still depend on the percentage of hash power contributed, solo miners earn better in the long race due to the lack of pool fees. Another advantage of solo mining is that it encourages consistent mining rather than on/off mining. Thus, solo mining helps in limiting large fluctuations in the overall network hash rate. Regardless, the main motive of Nerva is to avoid centralization.

According to its website, Nerva offers many features like:

• New Proof-of-Work (PoW) Algorithm – Nerva uses a special Cryptonight Adaptive algorithm and aims to promote decentralization and give preferences to CPU miners. According to its whitepaper, the CryptoNight-Adaptive algorithm got created for Nerva. CryptoNight creates a hash9 algorithm that automatically changes after a short interval to break support for ASICS, GPU, and mining pools.

• NO ICO- Nerva planned to have no Initial Coin Offering (ICO) and believes in the fair launch for users who help provide a better future for crypto. 

• Energy Efficient-Users do not need to use separate GPU mining hardware. Nerva allows mining coins on computers with no additional software. 

• Fast Transactions- Nerva aims to provide fast transactions with low fees. Users can receive and send Nerva quickly and cost-efficiently. 

• Secure- In Nerva, the transaction remains anonymous, and transaction histories are hidden.

• Fair Distribution- Anyone can get involved in Nerva as people can mine Nerva through their computers. 

Further, the token ticker for Nerva is XNV. Miners compete to earn XNV by solving complex equations. The XNV holding and transactions are private and anonymous, so the third party cannot see the amount of XNV a miner holds on the blockchain. Nerva integrates WooCommerce, which permits online stores to accept payment in XNV. Nerva also offers a Nerva Mobile Wallet (NMW) for facilitating transactions and giving secure storage.

History of Nerva (XNV)

Nerva (XNV) was launched in May 2018. The total supply of XNV is 18.44 million coins.