Nimiq Price (NIM)

What Is Nimiq (NIM)?

Launched in 2017, Nimiq is a blockchain technology that was designed to run in an Internet browser. It describes itself as a decentralized, censor-resistant payment protocol native to the web, with its own ecosystem of applications. It was designed to work from a simple browser on any device.

Nimiq is a frictionless payment protocol powered by a browser-based blockchain. NIM was written in JavaScript ES6 and runs without the need to sync it to a node.

Who Are the Founders of Nimiq?

Nimiq was founded by Elion Chin. Before that, he was the co-founder and investor at Localeyes & Wappo and the owner of Skyloft. He has also co-created Silicon Paradise and co-founded MoodLogic Inc.

What Makes Nimiq Unique?

Nimiq is browser-based and allows for easy user and developer interactions, making blockchain technology more accessible. The Nimiq payment system is focused on streamlining things as much as possible.

Nimiq also offers NIM tip bots for platforms such as Twitch, Reddit, Discord and others. It features content monetization opportunities offered via WordPress mining plugins and URL shorteners integrated within the NIM miner.

Nimiq essentially makes your browser a node in the NIM blockchain network; anyone who uses browsers such as Safari, Chrome, Firefox, Brave, Opera, and so on can run a Nimiq node easily without prior technical knowledge. Nimiq uses a proof-of-work (PoW) consensus mechanism that allows lightweight nodes to reach consensus in seconds, even on mobile devices.

Nimiq allows integration through API or shop plugins. Users can send and receive money and get tips for generated content in the form of donations.

Users can mine NIM by using a CPU. They can do so either by using the browser-based mining process or by downloading the node.js client and becoming a backbone browser. There is a total supply of 21 billion NIM, 2.5 billion of which were released in the first block. The rest of them are fully mineable.

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How Many Nimiq (NIM) Coins Are There in Circulation?

Nimiq (NIM) has a circulating supply of 7,356,626,320 NIM as of March 2021, and a maximum supply of 21,000,000,000 NIM.

How Is the Nimiq Network Secured?

Nimiq is a decentralized network whose nodes are distributed across the globe. Network login data can be stored on the Nimiq Login Files, an ImageWallet implementation. If a user loses access to their account, they can regain it with a backup and a unique list of 24 words.

Where Can You Buy Nimiq (NIM)?

Nimiq (NIM) can be bought and sold on the following exchanges:

• HitBTC
• KuCoin
• BTC-Alpha
• BitMax
• Hotbit

Learn everything you need to know about buying Bitcoin (BTC) with our official guide here.