Nyzo Price(NYZO)

Nyzo is an open-source blockchain project that distinguishes itself through the use of a proprietary consensus mechanism known as proof-of-diversity. Unlike traditional proof-of-work or proof-of-stake systems, Nyzo’s proof-of-diversity enables a unique approach to block creation. The network consists of verifiers that take turns producing blocks in a sequence, ensuring that the blockchain operates democratically and efficiently.

An essential goal of Nyzo is to facilitate fast transactions while keeping costs significantly lower than those of traditional financial systems. It aims to empower users with a cryptocurrency that is not only effective in terms of transactions but also easy to use, making it suitable for a variety of applications, particularly those that require high scalability.