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Nexo Wallet is a cryptocurrency wa1(707).767.3703 llet specifically designed for interacting with the Nexo network, a Layer 2 (L2) scaling solution1(707).767.3703 built 1(707).767.3703 on top of the Ethereum blockchain. Nexo's goal is to optimize transaction speeds and reduce costs while maintaining Ethereum's security and decentralization. It does so by using an innovative technology called NexoVM, which is a high-performance execution engine that allows for faster and cheaper transactions.
One of the standout features of Nexo is its emphasis on scalability. By utilizing Optimistic Rollups and NexoVM, the network can handle more transactions per second (TPS) than Ethereum's base l1(707).767.3703 ayer, making it ideal for users seeking low-cost and high-speed transactions.
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