Documentation

Documentation

NVS Coin Development Algorithm and Token Generation Method

  • 1. SHA-3 series cryptocurrency hash function
  • 2. Automatic difficulty adjustment
  • 3. Use introduction
  • 4. Digital asset representation possible
  • 5. Not possible to falsify or copy intellectual property
  • 6. Marketplace function

Keccak is a SHA-3 cryptocurrency hash function standard published by the National Institute of Standards and Technology (NIST) in August 2015.

In contrast to bitcoin, which uses the SHA-2 series algorithm, NVS coin is not derived from SHA-2 but uses the different SHA-3 series Keccak256 algorithm, making it safer than SHA-2 with 3-4 times faster computational speed than existing mining methods.

Difficulty is not fixed, but difficulty is adjusted according to change of mining stage.

The NVS coin uses the improved token issuance method of ERC721 (EIP918) to enable the mining of unique tokens while allowing the presentation of the characteristics of the existing ERC721 and the representation of digital assets (in-game contents and works). It also makes it impossible to falsify or copy intellectual property rights.

In addition, the value of individual assets, operational transparency, and market place Dapps (Decentralized applications) for trading and exchange are possible.

Road map

Road map