Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.

Future Technologies are poised to transform our lives for better or worse for the focus of this podcast.

Almost here means these technologies are now here and starting to be used.

We're just around the corner.

From Bitcoin to artificial intelligence 3d printing

blockchain virtual reality and more this is richard jacobs with future tech podcast almost here

around the corner technology and today i've got an interesting interview coming uh colin cantrell

the creator of nexus cryptocurrency or Nexus coin. How you doing, Colin?

Hey, I'm pretty good. Thank you for having. Yeah. So, you know, first question, just to be real direct,

I mean, there's like probably a thousand cryptocurrencies now. Why does the world need another one?

Like, why did you decide to spend all this time and effort making a new coin?

Well, because, I mean, as we've seen, like, is Bitcoin has grown.

Sometimes some of the limitations of it have been demonstrated.

Like, even today you're looking, we've got 60, 70,000 transaction backlogs, which, I mean, it's been even pretty hard for me. We send Bitcoin today. The fee markets going up. And, you know, so, I mean, I looked at this a lot. And, I mean, we started it out as a kind of coin shield where we were working on eliminating some of these scams because a lot of these pump and dump coins, they kind of just come and they pump and the dump, and then it really destroys a lot of the morale in the community, especially in the Bitcoin communities. I mean, I see this kind of like taking some of that momentum and steam away from Bitcoin. And then I mean, when there's so many people scams from these coins like pay corn and other ones, it kind of generates a negative image in the industry.

And so we want to do something to help improve it.

And that's when the development in X's started.

And so after a period of time I spent close to like nine, ten months developing,

it just locked myself in a room, essentially, and just let the code eat me alive.

And from there, you know, I learned how to work it and changed, you know,

started at difficulty algorithms and then, oh, let's make a new prime number algorithm.

And, oh, wait, let's use multiple mining channels because that actually secures the network

and balances kind of the power, I guess, a concentration of power in a different types of hardware.

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