Nexa’s full node wallet is likely far more powerful than you realize. Despite originating from the battle-tested Bitcoin source code, Nexa’s core functionality is well ahead of the curve. Today, we’ll review and introduce you to Nexa tokens and NFTs on the Full Node Wallet.
Tokens on a Full Node Wallet
Nexa’s decentralized, peer-to-peer nature provides full control, censorship resistance, and a privacy-first design. Tokens on the Nexa blockchain are treated the same as Nexa coins, with one key difference: tokens are not used for transaction fees or miner rewards. In every other way, their functionality is nearly identical, and Nexa tokens are validated by miners.
No smart contracts are required to create a token. This is by design, tokens are native to the Nexa blockchain, functioning as distinct objects on the network. Comparing a blockchain to natural language offers a helpful analogy, coins and tokens are objects, while smart contracts act as verbs, executing deals, contracts, or actions on-chain.
Today, tokens are a proven use case across blockchains from utility projects to tokenized real-world assets and even tokenized companies. Nexa brings tokens back to the roots of blockchain technology. With no reliance on smart contracts, Nexa eliminates code errors and attack vectors, creating a secure and stable environment.
Functionality
Managing, receiving and sending tokens is the basic functionality integrated into the full node wallet. From the Tokens tab, you can see every token in your wallet along with its ID, ticker, and balance, and the Token History tab lets you browse past transfers in the same way you’d review coin transactions.
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Sending tokens is simple: select the token, enter a Nexa address, specify the amount, and broadcast the transaction.
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Receiving tokens is just as simple as sending, share your address and the tokens will appear in your wallet automatically once the transaction confirms.
This tight integration shows off Nexa’s architecture philosophy; tokens are native objects, so they enjoy the same security, decentralization, and ease of use as the base currency, all within a single and familiar interface.
NFTs
The Nexa full node wallet also supports non-fungible tokens (NFTs). You can manage, send, and receive NFTs directly from the wallet. However, any data attached to the token that isn’t stored on-chain will not appear in the full node wallet. This off-chain data can only be accessed through the Nexa Explorer, wallets, NFT marketplaces, or other token-native sources.
To Wrap Up
Tokens and NFTs are fundamental, proven use cases on blockchains, and bringing them closer to the core infrastructure is critical. Now, tokens are independent and censorship-resistant, operating on a fully decentralized, Bitcoin-like infrastructure. The work on improving and refining the monolithic blockchain model doesn’t end here, many more innovations are on the way.