The time has come until 2021. The cryptocurrency market is showing a surge in development. The prices of BTC and ETH continue to rise to new highs. In addition, the Grayscale Fund, Tesla, and other world-renowned traditional capital robbers enter the market. The public is unprecedentedly excited about cryptocurrency investing. After the DeFi fire in 2020, a large number of star coins such as YFI, UNI, SUSHI, etc. were born. Everyone is thinking about the same question, i.e. where will the next frontier of the blockchain industry appear?
Mainstream blockchain investment and research institutions agreed that NFT is the next frontier in the world of cryptocurrency after DeFi. Coincidentally, on March 6th, Twitter boss Jack Dorsey seemed to want to treat his first tweet, published in 2006, as a nonprofit. The homogenization token NFT was sold.
On the afternoon of March 6th, Dorsey posted a link to the Valuables platform. After the page opened, his first tweet in 2006, “Just Setup My Twttr”, is now on the auction above. The highest bid came from Sina Estavi, CEO of digital currency trading company Bridge Oracle, which bid $ 2.5 million on the afternoon of March 7th. This has undoubtedly drawn a lot of attention to the NFT field. A tens of billion dollar market is gaining momentum.
The NFXT project was co-sponsored by Ameer Carter, founder of The Well, a leading encryption intelligence company in the United States. At the same time, Sotheby’s, a world-renowned art auction house, attaches great importance to the application prospects of NFT in the digital art space and is leading the strategic investment in NFXT. to explore the commercial application value of blockchain in the arts industry.
NFXT is researched and developed by the Helsinki University Computer Laboratory in Finland. It uses the cutting edge blockchain technology NFT and links the POS mechanism to solve the current problem of high energy consumption in mainstream currency mining. This leads the next generation of NFT technology innovation and becomes the next global consensus for NFXT path for a full breakout.
NFXT can achieve the highest level of security protocol through TEE technology and uses 128-bit security strength to protect sensitive data from malicious behavior in REE and other environments. At the same time, hardware mechanisms must be used for protection, and this mechanism can only be controlled by TEE. On-chip resources implement a completely secure startup process and complete the transfer of integrity during the transfer of control.
Functions of TEE (Trusted Execution Environment):
1. Protected by a hardware mechanism: TEE is isolated from REE, can only communicate with TEE through a specific input, and does not specify a hardware implementation method
2. High performance: The full performance of the CPU is used when TEE is running (exclusive).
3. Fast communication mechanism: TEE can access the REE memory, REE cannot access the hardware-protected TEE memory
4. TEE can execute several Trusted Applications (TA) at the same time
5. Standardized by GlobalPlatform (GP): Can be transplanted on multiple platforms
All component modules in T6.EE first define security and then take performance into account
7. The executable code in TEE must be validated prior to execution
8. Use a secure storage mechanism for keys: authentication, integrity, and confidentiality
Currently, NFXT has achieved an in-depth strategic collaboration with the Huobi environmental chain HECO. The two parties will conduct an in-depth collaboration on technical research in NFT + DeFi and land on HECO in the near future. We look forward to the next NFXT performance!
