NU Coin Price Prediction 2022NU Coin It is among the crypto coins traded on stock exchanges. NU Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
One of the most sensitive issues of blockchain technology is that data can be shared in an encrypted manner. The fact that the data is encrypted, that is, “encrypted”, creates the need for access control and password management. In parallel, it is known that the development of technologies on data brings with it concerns. The NuCypher network emerged with the aim of decrypting data encryptions and storage. In this article, we will talk about the NU token features while looking for an answer to the question of NuCypher.
Abbreviation: NU Blockchain: Ethereum Token type: “Utility ”, Purpose-built Total supply: 3,885,390,082 (Can be increased.) In circulation: 687,500,000 (as of 15 October 2021)
NuCypher, former founder of the Curve project Mikhail Egorov and It was co-founded by MacLane Wilkison. Although NuCypher’s prospectus was published in 2017, it took until the end of 2018 for the testnet to launch
Egorov is now a researcher at the Moscow Institute of Physics and Technology. The other co-founder, MacLane, is an experienced software engineer. At the same time, MacLane served at the famous investment bank Morgan Stanley before joining the blockchain ecosystem.
It is known that the duo joined the Y Combinator platform, which highlights startups, and the project emerged a year later.
1 NuCypher key features2 How to get NuCypher?3 850 percent increase in one day
NuCypher key features
It took until October 2020 for the NuCypher network to complete its mainnet process. A total of $45 million worth of NU tokens were distributed to the network’s nodes.
Unlike many blockchain projects, NuCypher was designed to add a layer of privacy to other blockchain projects.
NuCypher has three for the decentralized internet. It offers basic technology. These are respectively; PRE (re-encryption), TSS (threshold signatures), and DKG (distributed key generation). Thus, the security of blockchain networks can be increased.
At the same time, NuCypher has a cryptographic library. The NuCypher project provides open source code for the blockchain world in parallel with the code libraries.
NuCypher was developed on Ethereum as a “layer 2” solution and uses the PoS (proof-of-stake) algorithm.
In order for a new node to join the network, a minimum of 2000 nodes need to stake 353.913 NU in total.
How to get NuCypher?
NU token is traded on global cryptocurrency exchanges. You can buy NU tokens from popular centralized cryptocurrency exchanges such as Binnca, OKEx, and Huobi Global. You can also buy NU tokens from popular decentralized cryptocurrency exchanges such as Sushiswağ and Uniswap.
850 percent increase in one day
NU is talking about a stunning price increase these days. The cryptocurrency went from $0.29 to $2.76 during the day on October 15, 2021. While this price increase was equivalent to 850 percent, the market value of the crypto currency approached $ 2 billion.
Disclaimer: written here is not an investment advice. Every investment decision is under the individual’s own responsibility. UzmanCoin and the author of this content cannot be held responsible for personal investment decisions.