Nexus launches its new register-based contract engine, Tritium

Blockchain is one of the most groundbreaking inventions of the century and is termed as the backbone of new decentralized internet. With advancing technologies, the use of blockchain is no longer limited to recording a ledger for bitcoins and digital currencies. However, several technology firms are still dabbling with the idea while inventing new services and platforms.
One such stride was recently taken by Nexus when it released Tritium, claiming that this upgrade makes the Nexus blockchain into a revolutionary register-based contract engine with a seven-layered software stack.
For the record, Nexus would now offer an easy to use API (Application Programming Interface) that could be used for maintaining Digital Asset Licensing, Supply Chains, Records, Financial Assets, Certificates, Licenses and Securitized Token Offerings (STOs), helping developers to create Hybrid Networks and Decentralized Applications (DApps).
Moreover, tokenized assets impose partial rights or ownership, facilitating true peer-to-peer exchange for the distribution of Dividends and purpose of Royalty Payments.
Sources suggest that DApp developers would be able to use decentralized login system, eliminating the need for storing private keys. This would progress the idea of making blockchain technology more user-friendly, as there is a risk of loss or theft with the use of private keys, even with hardware.
Additionally, the platform runs the Nexus Wallet, allowing users to log in from any computer simply by entering their credentials.
Colin Cantrell, Project Founder and Lead Developer, Nexus, claims that Tritium's design was implemented after consulting with various developers, communities and Fortune 10 to Fortune 500 companies. Moreover, the team planned to develop contracts that reinforced the technology's real-world applications.
Notably, Tritium is the initial upgrade of the TAO Framework that uses sharding with three consensus layers, enabling advanced levels of security, decentralization and scaling. Moreover, the next upgrade in the pipeline, Tritium++, would include DAO technology for the management of Nexus funding, and would back new token economies.
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