The update announcement of NEST Protocol v3.6 has been posted on GitHub

NEST Protocol
1 min readApr 11, 2021

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On April 10, the NestCore team announced on GitHub that the upgrade time of NEST v3.6 is from 2021.04.20 to 2021.04.30.

The audit of the NEST v3.6 contract is commissioning is currently in progress.

(GitHub:https://github.com/NEST-Protocol/NEST-Oracle-V3.6)

NEST Protocol v3.6 will continue the repurchase model of v3.5 on the basis of the following functionally:

  1. Add a voting governance module which will remove system maintenance accounts by voting after v3.6 launches. Decentralize developer rights to the community and require 51% votes for any changes of the protocol.
  2. Completely elimination of dividends with all income used for repurchase.
  3. Quotation scale adjustment: NEST Token dual track quotation scale 30 ETH unchanged, nToken quotation scale adjusted to 10 ETH, quotation fee of NEST Token and nToken would not be 0.33% of the scale any more. The miner will pay the quotation fee at his own discretion for integer multiples of 0.1 ETH and even up to 255 times, or the transaction would fail in result.
  4. The quantity of verification block is proposed to be adjusted from 25 to 20.
  5. NestNode Token independent mining separates from NEST miner mining and gets NEST Token by block with the 15% speed of all NEST Token mining.

In the future, the price information stream derived from NEST Protocol v3.6 will be widely used and a series of financial products will be launched one after another. There have been many protocols in design such as CoFiX 2.0, Parasset, Tank, Fort, etc. Let us wait and see!

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NEST Protocol
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