Nyzo (NYZO)

Nyzo was developed from the ground up to explore blockchain technology in an approachable, accessible manner. Instead of layering complex fixes on top of flawed design or adding elaborate features, Nyzo focused on the foundational technology of the blockchain to build a system that just works.

Nyzo uses a collaborative verification system that requires neither proof of work nor proof of stake. There is no mining. Simply participating in the Mesh gives a Node the opportunity to verify transactions, and the queuing system is designed so that transaction fees are distributed equitably to all participants. Very little computational power is required of a node, and having superior computational power will not allow a node to gain a larger share of transaction fees.