You are able to access your Nexus Wallet by a Decentralized Login System, anywhere, anytime, by simply downloading the application and logging in (via username, password, and pin). A huge advantage of the Nexus Wallet is that users no longer have the burden of storing private keys on a hard drive or hardware wallet, or rely on third party custodian services. A wallet.dat file for key storage (a common necessity in legacy blockchain systems) is no longer required.
View live market data from Bittrex and Binance, monitor market liquidity, and view the history of past market trends.
Save contacts within a comprehensive Address Book. Store details on your contacts such as: NXS address, email address, phone number and time zone.
Search, filter, and export transactions as a *.CSV file, or view your transaction history as a live graph.
Download software updates as simply as you do with a smartphone. Checking into GitHub to see the most up to date version is no longer necessary.
Signature Chains provide higher security through the use of a PIN, Password Recovery, Decentralized Login System, Quantum Resistance, Reversible Transactions and the future use of Password Managers and Biometrics.
A PIN is requested every time a transaction is created, much like using a bank card. This makes it more difficult to hack into someone’s account, similar to Two-Factor Authentication (2FA).
The wallet also has a password recovery system, in which users can set up a 'recovery phrase’ (either 10, 20 or 100 words). The master seed phrase provides extra assurance, enabling one to recover their Nexus Account in the event that it is compromised, or the password has been forgotten.
You are able to access your Nexus Wallet anywhere, anytime, by simply downloading the application and logging in (via username, password, and pin). Users no longer have the burden of storing private keys.
The key pair to your wallet is also changed with every transaction, and the public key is hidden until it is used. The result of this is a high security standard with support for multiple signature schemes such as FALCON.
Transactions are required to be claimed (signatures are required from both sender and receiver). The result is a two-step validation process which prevents users from losing funds if accidentally sent to non-existent accounts.
To prevent attacks on your Sigchain through methods such as keyloggers, we designed the architecture to support hardware password managers such as the Zamek Hardware Password Manager.
In the future, we envision the use of biometrics for the generation of usernames, or as a secondary secret that can be used to improve the security of a Sigchain.
Your Wallet is the safest place to store your NXS. If coins are stored on an exchange or other custodial wallet, then the risk of coins being lost or stolen increases. To ensure you maintain ownership, we recommend that NXS is held in a password protected (encrypted) Nexus Wallet, or a recovery enabled Signature Chain. Remember: your wallet, your crypto. If your coins are stored somewhere else, they are not yours.
Nexus is an open source technology, licensed under an MIT agreement (click here to view license). You are the sole custodian of your coins, meaning there is no one that can recover your coins or encryption passwords if they are lost. In the case of technical difficulties, the Nexus Community will be happy to help with Wallet related queries.