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:
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.
