There are many shitcoins out there and I’m about to introduce yet another one to you — oh boy, I know. 🙄 But hear me out.

I will get straight to it, to save you time and to cut the bullshit.

The coin I’m so adamant of getting you to know about is Nyzo.

Nyzo has been developed from the ground up, meaning the team has not copied code from any other project to create their coin. That in itself should warrant at least a closer look — right? — .

Let’s take a look.

The network has been running for one year now and the source code can be found on Github: https://github.com/n-y-z-o/nyzoVerifier

At a first glance this is just the repository of every coin you have seen or you don’t really care at all at this point, that’s perfectly fine. Let’s continue.

Every update which has been created for the network so far has been accompanied by a release note, a detailed document detailing every change to the network to make it better.

We can find these release notes on the website of the developers: https://nyzo.co/new — as you can see, the network has been worked on on a regular basis and each release note is multiple pages long — developers are dedicated to making this a success and this is their testament.

Most of the releasenotes

Okay fine, they’re doing the work but what’s actually special about the coin here? Why would I consider buying it let alone spin up a verifier myself?

I’m not going to wrap this in saran wrap, I am writing this article because I have an interest in spreading the word, among others, because I am a NYZO investor. I believe in the prosperity of the network and I have been involved since the beginning.

I might be biased — oh boy here it comes — but I believe in this — o lord — .

Yes, I know, I know. Let’s continue providing you with all that has been done so far so you don’t wander off. I feel like it would be best to throw a bunch of links down below and give a short explanation for what each link will present to you. I could reiterate every single thing but this would be a very lengthy article. In the end it’s up to you to decide if it’s worthwhile, or not.

So far we have covered the Github repository and all the development work that has been done, but.. there’s more.

Nyzo — Time and diversity as a currency (+ 4 translations here)

This article goes into detail about the consensus algorithm and its benefits, it sketches a hypothetical attack scenario and the cost of an attack at this point in time (while the market cap is still low).

Arguments against early entrants

This article goes into detail about the early stages of the project, what has happened, how certain events have unfolded and the diversity of the project, it creates a parallel between Bitcoin and Nyzo to cover an important aspect of the network in detail.

Stickers

It’s all so serious so far, why don’t you get some stickers?

Whitepaper

This document was created in the very beginning and it might not cover all aspects as it should, the release notes make up for this.

Block files

One part of the consensus algorithm is the block consolidation process which ensures that a small machine such as a Rock64 Pro or a beefy Raspberry Pi can run a Nyzo verifier with little storage space.

1000 blocks are consolidated into 500 Kb of storage space. Very efficient.

Discord

There are currently 1300 active members in the discord group with multiple joining every day. Most of the community communicates here. Here is where you’re guaranteed to have a one-on-one with the developers.

iOS and Android wallet

Someone from the community decided to take it upon himself to create a fully functioning iOS and Android wallet. Pretty amazing — oh god it’s his bias talking again — .

Chinese community

Nyzo extends into multiple regions of the world, China has not gone unnoticed.

Bitcointalk topic

The Nyzo bitcointalk topic

The Nyzo twitter

Important updates are relayed here to more than 1000 followers.

Nyzo merch

If my bias has been transferred, you might want to stock up on some clothing, managed by someone from the community.

Time

An article going deeper into the time aspect of the network, written by a community member

Ethereum

An article comparing Nyzo’s consensus algorithm to the development state of Ethereum, written by the same user as the article above.

Bitcoin

Yet again an article comparing Nyzo, this time with Bitcoin.

Qtrade

The first exchange to ever list Nyzo, other exchanges include Citex, Vinex, Bitmesh and Bihodl.

The initial developer fund plan can be found here , this has been followed up and the details have changed. The developers effectively own 0.6% of the total supply. So far 8 million has been “mined” and the remainder is spendable by the network through governed voting, with a minimum amount of votes required for Nyzo to be released (75% of the network needs to agree).

Okay that’s fun and all, but why is this still so unknown? Why is the marketcap below 2 million? What’s so special in the end?

Given the current bear market many coins are struggling to gain any traction, at all. I personally hope the tide will turn and by writing articles like these, I hope people will get inspired to learn about Nyzo and its usecase.

As inflation drops daily (it’s somewhere around 40%/y right now and dropping) the chart itself should curve up due to inflation-based selling drying up and the coin becoming more scarce (similar to bitcoin’s halving but on a daily basis).

If you’ve read most of the articles you will understand the novelty of this, which lays in its ecologically small output and fast transaction finality.

That’s all, but this is enough to chew on for a while.

Until next time.