NU

NuCypherNU

Rank #270
Token
On 18,706 watchlists

Prezzo NuCypher (NU)

€0.4104
15.01%

0.000008784 BTC12.01%

0.0002118 ETH3.49%

Basso:€0.3393
Alto:€0.4104
24h
NU  NuCypher NUPrice: €0.4104 15.01%
Cap. del mercato
€167,533,507
15.01%
Fully Diluted Market Cap
€1,594,447,093
15.01%
Volume
24h
€34,427,839
53.51%
Volume / Market Cap
0.2055
Rifornimento circolante
408,250,000 NU
11%
Rifornimento massimo
3,885,390,082
Rifornimento totale
1,151,172,677

NuCypher Chart

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NU Quotazione in tempo reale

Il prezzo odierno di The live è di €0.410370 EUR con un volume di trading in 24 ore di €34,427,839 EUR. NuCypher ha registrato un aumento del 15.01% nelle ultime 24 ore. L'attuale posizione in classifica su CoinMarketCap è #270, con una capitalizzazione di mercato pari a €167,533,507 EUR Ha un'offerta circolante pari a 408,250,000 NU. e una fornitura massima di 3,885,390,082 NU monete.

Le principali piattaforme per lo scambio di NuCypher sono attualmente OKEx, MXC.COM, AOFEX, HitBTC, e Coinbase Pro. Puoi trovarne altre nella nostra pagina dedicata alle piattaforme di scambio delle criptovalute.

What Is NuCypher (NU)?

NuCypher is a decentralized encryption, access control and key management system (KMS), encryption service for public blockchains. NuCypher offers end-to-end encrypted data sharing on public blockchains and decentralized storage solutions.

NuCypher allows users to share private data between a number of participants in public consensus networks, using proxy re-encryption (PRE) technology. This decryption technology makes NuCypher much more secure and protected than traditional blockchain projects based on public-key encryption, according to NuCypher.

NuCypher (NU) are the native tokens used on the larger NuCypher network. The tokens are used to incentivize network participants for performing key management services and accessing delegation/revocation operations on the network.

The NU tokens are also used for staking to run a NuCypher worker node. The NuCypher network is protected against malicious staking, and would automatically slash a suspected user’s rewards.

NU is also used on the network for participating in the NuCypher DAO. The NuCypher DAO is the protocol that controls network parameters and smart contract upgrades on the network. Users who stake NU can also participate in validating DAO proposals.

Who Are the Founders of NuCypher?

NuCypher was co-founded by Mikhail Egorov (the founder of Curve) and MacLane Wilkison. The white paper for NuCypher was first published in June 2017, but the testnet did not launch until November 2018.

Egorov currently serves as the chief technical officer of NuCypher. He is a security researcher, physicist and scientist from the Moscow Institute of Physics and Technology. He is also the co-founder of LoanCoin, a decentralized banking and crowdlending network.

Co-founder MacLane is a software engineer and the CEO of NuCypher. Prior to his involvement in blockchain, he worked as an investment banker at Morgan Stanley, where he provided financial services to enterprises in technology, media and telecommunications. He has also co-founded LoanCoin, along with Mikhail Egorov.

Both Egorov and MacLane participated in the U.S. startup accelerator Y Combinator in the summer of 2016. The following year, the whitepaper for the NuCypher project was published.

NuCypher launched its private testnet in 2018. The private treatment launch saw participation from major staking infrastructure providers including Bison Trails, Figment, InfStones and Staked.us.

The public testnet of NuCypher began in October 2019. However, the incentivized public testnet began in January 2020. The mainnet of NuCypher launched in October 2020 after distributing $45 million in NU tokens to nodes.

What Makes NuCypher Unique?

Unlike most blockchain projects that are designed to serve customers, better transactions, IoT operations, voting mechanism, and the like, NuCypher was created for other blockchains. NuCypher is a privacy layer for blockchains.

NuCypher provides a privacy infrastructure for the decentralized web with proxy re-encryption (PRE) and fully homomorphic encryption (FHE) technologies.

Using the NuCypher network, users can conditionally grant and revoke access to data with multiple users at a time. NuCypher's encryption service provides almost unparalleled security for sensitive data transfer. It combines this with the trustless and censorship-resistant nature of conventional public blockchains.

The cryptographic libraries of NuCypher include;

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

How Many NuCypher (NU) Tokens Are There in Circulation?

At NuCypher’s mainnet launch in October 2020, there was a total supply of 1 billion NU tokens. According to the release schedule, 3,335,938 and 4,460,000 NU tokens are released monthly to the SAFT Series 2 and Team/Equity investors every month.

The WorkLock, NuCypher’s novel network node setup mechanism, is expected to get 225,000,000 NU tokens in April 2021. Factoring in the monthly release of the NU tokens, 1,088,876,961 NU tokens have been issued with 392,750,000 currently in circulation.

The network has a max supply of ~3.89 billion NU tokens. The tokens are released monthly as rewards to stakers, according to the staking economics paper.

How Is the NuCypher Network Secured?

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

The network runs on a novel node distribution mechanism which NuCypher calls the WorkLock. To run a NuCypher node, a minimum of 2,000 node operators would need to stake 353,913.

The minimum lockup staking period is 30 days. However, NuCypher doesn’t guarantee that staking for longer than one year will provide greater benefits in terms of earning rewards. Unless the user opts out after a staking period, staking rewards are automatically restaked after each period.

Where Can You Buy Nucypher (NU)?

NuCypher (NU) is popular among online exchanges that trade ethereum tokens. The top exchanges where you can buy, sell, and trade NuCypher tokens currently are;

If you are new, you can find our simplified guide for purchasing crypto and more exchanges where you can trade here.

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NU

NuCypher

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EUR

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NU Price Statistics

NuCypher Prezzo oggi
Prezzo NuCypher€0.4104
Price Change24h€0.05354
15.01%
24h Low / 24h High
€0.3393 /
€0.4103
Trading Volume24h€34,427,839.44
53.51%
Volume / Market Cap0.2055
Market Dominance0.01%
Posizione mercato#270
NuCypher Market Cap
Cap. del mercato€167,533,506.77
15.01%
Fully Diluted Market Cap€1,594,447,092.72
15.01%
NuCypher Prezzo ieri
Yesterday's Low / High
€0.3393 /
€0.4149
Apertura/Chiusura ieri
€0.4144 /
€0.3999
Risultato ieri

3.5%

Volume ieri€43,995,905.86
NuCypher Cronologia dei prezzi
7d Low / 7d High
€0.3876 /
€0.502
30d Low / 30d High
€0.3718 /
€0.5674
90d Low / 90d High
€0.157 /
€0.9371
52 Week Low / 52 Week High
€0.05078 /
€0.9371
Più alto di sempre
Feb 21, 2021 (2 months ago)
€0.9371
56.21%
Più basso di sempre
Nov 27, 2020 (5 months ago)
€0.05078
708.09%
ROI NuCypher
Nessun dato
NuCypher Fornitura
Rifornimento circolante408,250,000 NU
Rifornimento totale1,151,172,677 NU
Rifornimento massimo3,885,390,082 NU