Nesten is a company that specializes in building end-to-end decentralized community-based communications infrastructures. Their network operation and management are based entirely on their private proprietary blockchain platform. This means that everything from node installation and operation to end-device use cases and data consumers is performed within the network's fully self-sustaining ecosystem.

Since its launch in 2018 in Tustin, California, Nesten has been redefining the wireless landscape. They have deployed over 700 wireless network nodes across major markets in the U.S., South Korea, and 10 other countries. Their goal is to create a wireless network that is not only decentralized but also sustainable.

To support their ecosystem, Nesten has integrated tokenization. They use their own cryptocurrency called the New IoT Token (NIT), which is based on the Ethereum blockchain. One billion NIT were created at genesis, with 65% reserved for ecosystem functions and 35% for company operations. NIT is currently trading on a European exchange and can be converted to other forms of currency.

Nesten's blockchain utilizes a reputation-based consensus algorithm called Proof of Authority (PoA). This algorithm ensures high transaction throughput and scalability. The network's multi-layer blockchain also supports decentralized identification (DID), which guarantees individual data privacy through cryptographic data encryption and key parity generation.

Nesten's network is highly extensible and reliable, making it suitable for various verticals. They have already implemented shared parking and advertising solutions using their own crypto wallet and modular payment system, which easily integrates NIT payments with application software. Nesten has partnered with major industry leaders in wireless communication and cryptocurrency, as well as developers of smart display assets, precision sensors, and enterprise computing equipment. They are also exploring opportunities in remote medical care and 5G expansion.