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The NU Digital Asset

The NU digital asset is the native utility and governance token of the nuBlock network, acting as the fundamental engine that powers and secures the entire ecosystem. Unlike assets that are merely traded on a platform, NU is a purpose-built digital asset that is integral to the core functionality of nuBlock, ensuring a streamlined, efficient, and user-centric experience for all participants and network ownership.

1. Transaction Fees and Payments

All transactions, including global remittances, cryptocurrency trades, and smart contract executions, are processed and paid for using the NU digital asset. This native fee structure ensures network efficiency by preventing spam and prioritizing transactions, while also aligning the economic incentives of users with the health and security of the nuBlock blockchain. The use of a single, native asset for all on-chain activity simplifies the user experience and reduces the friction associated with managing multiple tokens for different functions.

2. Staking and Network Security

As a Delegated Proof of Stake (DPoS) network, nuBlock relies on its community to secure the blockchain. NU digital asset holders can participate in this process through staking, where they lock up their tokens to support network validators. In return for their contribution to network security and consensus, stakers are rewarded with additional NU tokens. This mechanism provides an opportunity for community members to earn a yield on their holdings, thereby promoting long-term investment in the network and strengthening its overall integrity and decentralization. The staking model creates a symbiotic relationship between the network and its users, where participants are directly rewarded for their role in the nuBlock ecosystem's success.