Nerva XNV on TradeOgre

XNV on TradeOgre Exchange

Nerva has been listed on TradeOgre exchange since 2018. Up to this point, it has been listed under BTC pair only. TradeOgre just added Nerva to USDT pair so now traders can trade it for Bitcoin and Tether.

Here are direct links to both trading pairs:

XNV-USDT trading pair on TradeOgre:

https://tradeogre.com/exchange/XNV-USDT

XNV-BTC trading pair on TradeOgre:

https://tradeogre.com/exchange/XNV-BTC

Nerva Roadmap

Nerva’s Roadmap

Nerva is a community run project. People who chose to work on the project and spread Nerva’s vision of privacy, security and importance of decentralization in crypto are volunteering their time.

There are no developer taxes, ICO’s or large pre-mine. 1% pre-mine that was set when the project was created in 2018 is long gone with the person who created Nerva.

Because of this, Nerva’s roadmap can be flexible. Things that get done are what the community is willing to do themselves or what they’re willing to fund.

Currently our biggest goal is to build our community by getting existing members more engaged and involved in the project and by reaching new users who share the same vision and would like to join our community.

Nerva XNV on CoinGecko

Nerva on CoinMarketCap.com (CMC)

Several months ago, the only exchange that Nerva (XNV) is currently trading on, TradeOgre made a change to their APIs. This caused a problem with CoinMarketCap, where they stopped tracking trading data.

Coin Market Cap was contacted multiple times by Trade Ogre and Nerva community asking them to fix the issue but they were unwilling to make the necessary changes.

CoinGecko made the changes and is showing trading data. To get market data for Nerva, please visit CoinGecko:

https://www.coingecko.com/en/coins/nerva

Nerva Project

A brief history of Nerva Project

Nerva was born on May 1, 2018. There was a 1% pre-mine or 180,000 XNV that went to the person who created it. Initial supply was set to 18.4 million coins and once those were distributed to miners, tail emission kicked in. Tail emission is set to 0.3 XNV per block. Nerva has been in tail emission since January 19, 2021 so from that point on and into the future, annual inflation is around 158,000 XNV (or around 0.85%). As of this writing XNV supply is: 18.7 million.

Initial success

Initially, Nerva project became popular because of the new algorithm, accelerated emission and being CPU only minable. It quickly attracted a lot of people. As time went on and there was nothing groundbreaking happening, the project was less and less appealing to people. Not much was going on and in November 2021, the person who created Nerva just left without saying anything to anybody in Nerva community.

Struggles

Services started breaking down. A few people stepped in and helped restore things to keep the project running.

Once things were restored, there was a lot of talk but there were few people willing to do anything. Shortly after that, everything started slowing down again to the point where almost nobody was even posting anything in discord other than a few issues and occasional “is this project dead?”

Awakening

Since the beginning of June 2023, there has been a push to try to wake up Nerva project from sleep and accomplish something useful. XNV has been added to DogeCash App (mobile and web wallet), Discord server has been cleaned up of unverified and inactive users and Nerva Community is starting to come together and showing their support.

Here are some positive things about Nerva:

  • Mature project – over 5 years in existence and still running without issues
  • Fair distribution with only 1% pre-mine
  • Low inflation of only 0.85% per year
  • Private and secure transactions
  • CPU only minable
  • Supports Satoshi Nakamoto’s vision of 1 CPU = 1 Vote

Don’t trust, verify!

Above figures and dates can be verified by running a few commands in NERVA daemon:

print_coinbase_tx_sum 1428136 1 – Last block with emission over 0.3 XNV (0.300001065732)

print_coinbase_tx_sum 1428137 1 – First block in tail emission (0.300000000000 in emissions)

print_block 1 – Shows details about pre-mine block

More information

https://github.com/nerva-project/nerva.rpc.php/blob/master/daemon/get_generated_coins/index.php

https://docs.nerva.one/about/

Bitcoin Alternative

Is Nerva (XNV) better then Bitcoin (BTC)?

Nerva (XNV) is better than Bitcoin (BTC) in a few different ways. Firstly, Nerva (XNV) is a privacy-focused cryptocurrency, meaning it is designed to offer greater privacy and security than Bitcoin (BTC). Additionally, it is designed to be more efficient and cost-effective than Bitcoin (BTC), with faster transaction times and lower transaction fees. Finally, Nerva (XNV) has a more advanced consensus protocol than Bitcoin (BTC), which is designed to provide greater scalability and better resistance to 51% attacks.

Secondly, Nerva (XNV) is more decentralized than Bitcoin (BTC). Nerva (XNV) is a decentralized, open-source, and community-governed cryptocurrency that is not controlled by any central authority. Bitcoin (BTC), on the other hand, is a decentralized digital currency, but is still subject to the influence of large miners and other stakeholders.

Blockchain Network vs Centralized Network

Difference between Centralized and Decentralized

In traditional finance almost all financial transactions had to go through a trusted central third party. That means that all transactions from person a to person b will go through the service of a bank or corporation before being passed on. During this process the centralized third party usually takes a massive fee.

Connected Computers in a centralized Network
Centralized computer network

For example Paypal. Money is transferred to different accounts within the PayPal infrastructure.
In this example Paypal is the trusted third party and it has a centralized database or ledger that they use to keep track of the transactions.

Money Flow Paypal Network
Centralized Paypal Network

On the other side, in a decentralized ledger, there is no single trusted third party (bank or corporation). Instead, there is a large number of nodes or peers that come to a consensus on each transaction that takes place. This is the key technology of Nerva, Bitcoin and similiar crypto currencies.

Decentral connected Computers
Decentralized connected computers

When a Nerva transaction is made it goes through multiple computers on the Nerva network that are running specialized software, which checks that transaction for accuracy and completeness.

Nerva CPU Network Mining Nodes
Nerva XNV Crypto Network

The nerva network also utilizes ring signature technology. Ring signatures protect a user’s privacy and ensure that transaction are untraceable.

Crypto Ring Signature explanation
Secured with Ring Signatures

This means, no single entity (bank or corporation) controls the transactions. The transactions are verified and approved in a peer-to-peer manner by different computers on the network running specialized software which anybody can download and run on his or her own computer!