Nillion (NIL)IEO Nillion is a decentralized network based on a new mathematical innovation called Nil Message Compute, which is designed for the private and secure transfer, storage and processing of data. Funding Round: $20 Million IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
|
What is Nillion
Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC).
Nillion allows nodes in a decentralized network to work in a unique, non-blockchain, way.
While Nillion represents a revolutionary leap from a predecessor technology known as Secure Multi-Party Computation (SMPC), unlike SMPC, network nodes do not have to communicate with one another. Unlike blockchain, nodes do not run immutable ledgers designed to store transaction data.
In summary, Nillion:
- Introduces a decentralized way to store and process private information
- Renders traditional encryption obsolete
- Enables the creation of a Meta Layer that supercharges and connects existing blockchains (e.g. decentralized secure enclaves, interoperability and more)
- Enables significant new real world, decentralized applications
- Is Post Quantum as it uses 'encryptionless' technology called Information Theoretic Security.
DetailsIEO (Coinlist Launchpad): Jun 19, 2024 - Jun 26, 2024Token supply: 1,000,000,000 NIL Raised: 25,000,000 USD LegalBlockchain Platform: Ethereum | Token infoTicker: NILToken standard: ERC-20 Token price in USD: 1 NIL = 0.4 USD Accepted currencies: USDC, USDT Token distribution: Core Contributors - 20% Early Backers - 21.5% Community - 20% Ecosystem & Partners - 21% Treasury - 17.5% |
Nillion Roadmap
A four week public testnet focused on load testing the network, limited functionality has been enabled such as wallet creation, token transfers, staking, on-chain governance, and performance evaluation.
Integration of the Petnet for enhanced processing, connecting with the mainnet Coordination Layer, as well as beginning to onboard external nodes.
Full production launch with secure data storage, blind computation, real transactions, demonstrating the network’s full capabilities and resilience.
Focusing on horizontal scaling by introducing new clusters to meet diverse computational and security needs, expanding the marketplace for Blind Computation.