Nexa Spaces with Andrew Stone Ep.1: Atomic Secret Exchange (ASE) and Private NFTs Overview
Starting the year, we hosted a Spaces session on X with Andrew Stone, our lead developer and founder of Nexa. This event marked the first of many regular Spaces we plan to host to share updates, provide insights, and answer community questions. Please find the full version of the Spaces session on YouTube below.
Listen on YouTube:
The Future of Mining
One of the key topics raised during the session was the emergence of ASIC mining on Nexa. While ASIC hardware for Nexa mining has already been developed by a third-party company, Andrew shared his insights on its potential impact. The hardware reportedly works, but it’s not expected to replace GPU mining anytime soon due to its high cost and relatively limited performance advantage.
This development, however, underscores the growing interest in Nexa and the strength of our open ecosystem. Andrew emphasized that Nexa was built to remain decentralized, allowing third parties to contribute freely while staying true to our vision. The appearance of specialized hardware also validates one of Nexa foundational ideas, addressing scalability challenges through innovative solutions like efficient elliptic curve multiplication for faster signature validation.
Decentralized Exchanges (DEX) on Nexa
Another exciting topic was the potential for a decentralized exchange on Nexa, with a question about WiserSwap - a project led by community members. Andrew shared an important perspective on what true decentralization means, noting that many so-called DEXs rely on centralized elements like websites, which compromises their decentralized nature.
We are enabling a truly decentralized alternative through Atomic Secret Exchange. This peer-to-peer exchange eliminates intermediaries entirely, allowing users to trade directly on the blockchain. Andrew also pointed out the regulatory challenges that lie ahead for centralized DEX models, referencing potential KYC requirements by 2027. With our approach, we are uniquely positioned to lead the way with innovative DEX solutions.
Looking Ahead
This Spaces session is just the beginning. We are committed to host more frequent Spaces, share updates and answer your questions.