NU

NuCypherNU

Rank #248
Token
On 3,146 watchlists

NuCypher Price (NU)

$0.2136
3.66%

0.000006506 BTC

0.0001689 ETH

Low:$0.2010
High:$0.2178
24h
NU  NuCypher NUPrice: $0.2136 3.66%
Market Cap
$83,898,026
3.66%
Fully Diluted Market Cap
$829,984,876
3.66%
Volume
24h
$9,704,093
53.72%
Circulating Supply
392,750,000 NU
10%
Max Supply
3,885,390,082

NuCypher Chart

 

How do you feel about NuCypher today?

Vote to see community results

About NuCypher

NuCypher price today is $0.213617 USD with a 24-hour trading volume of $9,704,093 USD. NuCypher is up 3.66% in the last 24 hours. The current CoinMarketCap ranking is #248, with a market cap of $83,898,026 USD. It has a circulating supply of 392,750,000 NU coins and a max. supply of 3,885,390,082 NU coins.

The top exchanges for trading in NuCypher are currently Coinbase Pro, BKEX, MXC.COM, Hoo, and Uniswap (V2). You can find others listed on our crypto exchanges page.

What Is NuCypher (NU)?

NuCypher is a decentralized threshold cryptography platform that provides data privacy, access control, and other cryptographic services to decentralized applications and protocols. The network currently supports threshold proxy re-encryption and is extensible to other threshold cryptography primitives like threshold signatures (TSS), distributed key generation (DKG), Shamir’s secret sharing (SSS), and proxy re-signing (PRS).

NuCypher is a layer 2 resource allocation protocol on Ethereum that uses a Proof-of-Stake (PoS) mechanism to coordinate worker nodes.

NU is used for:

  • Staking to run a NuCypher worker node. Proper behavior is ensured via staking, with malicious nodes subject to slashing penalties.
  • Participating in the NuCypher DAO, which controls network parameters and smart contract upgrades. Users that are staking NU can validate DAO proposals.

NuCypher’s cryptographic libraries can be found on the project’s GitHub and include:

  • pyUmbral, the reference implementation of the Umbral threshold proxy re-encryption scheme
  • NuBLS, a threshold BLS signature library
  • rust-umbral, a Rust implementation of Umbral with bindings to JavaScript and Python

What is the circulating supply of NU?

NuCypher’s mainnet launch was on October 15, 2020 with a total supply of 1 billion NU, the majority of which is locked according to this release schedule. There is a max supply of ~3.89 billion NU, ~2.89 billion of which is released as inflation rewards to Stakers according to the staking economics paper.

What is the history of NuCypher?

NuCypher was created by Mikhail Egorov (the founder of Curve) and MacLane Wilkison.

The two participated in the U.S. startup accelerator Y Combinator in summer 2016 and published the initial NuCypher whitepaper in 2017.

A private testnet was launched in 2018 with participation from major staking infrastructure providers like Bison Trails, Figment, InfStones, and Staked.us. The public testnet began in 2019, with an incentivized testnet in early 2020.

The network launched via the WorkLock, a novel node distribution mechanism, in wich >2,000 node operators stake 353,913 ETH in order to run NuCypher nodes.

Where can I buy NU?

NU is available for trading on Uniswap and Coinbase Pro.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

converter-coin-logo

NU

NuCypher

converter-coin-logo

USD

United States Dollar

NU Price Statistics

NuCypher Price Today
NuCypher Price$0.2136
Price Change24h$0.007822

3.66%

24h Low / 24h High
$0.2010 /
$0.2178
Trading Volume24h$9,704,093.02

53.72%

Market Dominance0.01%
Market Rank#248
NuCypher Market Cap
Market Cap$83,898,026.50

3.66%

Fully Diluted Market Cap$829,984,876.02

3.66%

NuCypher Price Yesterday
Yesterday's Low / High
$0.1889 /
$0.2178
Yesterday's Open / Close
$0.1975 /
$0.2061
Yesterday's Change

4.36%

Yesterday's Volume$15,804,880.50
NuCypher Price History
7d Low / 7d High
$0.1826 /
$0.2419
30d Low / 30d High
$0.1497 /
$0.2413
90d Low / 90d High
$0.06110 /
$0.3514
52 Week Low / 52 Week High
$0.06110 /
$0.3514
All Time High
Dec 05, 2020 (2 months ago)
$0.3514

39.21%

All Time Low
Nov 27, 2020 (2 months ago)
$0.06110

249.62%

NuCypher ROI
No Data
NuCypher Supply
Circulating Supply392,750,000 NU
Total Supply1,083,771,361 NU
Max Supply3,885,390,082 NU

NuCypher Markets

No Data

NuCypher News

Read more