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NuCypher Overview
24h High
$0.02
24h Low
$0.02
24h Change
-6.18%
7d Change
-1.03%
30d Change
-10.14%
Volume 24h
$2.42K
Market Cap
$31.57M
Circulating Supply
1.35B NU
NuCypher News
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About NuCypher
NuCypher (NU) tokens are used on the NuCypher network to incentivize network participants for providing key management services and accessing delegation/revocation operations. NuCypher is a decentralized encryption, access control, and key management system for public blockchains, offering end-to-end encrypted data sharing and decentralized storage solutions. NuCypher uses proxy re-encryption (PRE) technology to securely share private data between multiple participants in public consensus networks. NU tokens are also used for staking to run a NuCypher worker node, participating in the NuCypher DAO, and validating DAO proposals. The NuCypher network is protected against malicious staking and automatically slashes suspected users' rewards.
NuCypher (NU) is used for several key purposes:
- Data Encryption and Access Control: NuCypher offers end-to-end encrypted data sharing, allowing users to grant and revoke access to data securely.
- Decentralised Applications (dApps): Developers can use NuCypher to build privacy-preserving decentralised applications that require secure data exchange.
- Proxy Re-encryption: This technology enables encrypted data to be re-encrypted by a proxy server, allowing it to be shared with another party without exposing the original decryption key.
- Key Management: NuCypher's protocol supports the secure management and distribution of cryptographic keys.
- Staking and Incentives: NU tokens are used within the network for staking, where participants can earn rewards by providing encryption services and maintaining the network.
NuCypher was co-founded by MacLane Wilkison and Mikhail Egorov.
NuCypher Markets
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NuCypher Platforms
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NuCypher Market Data
The live NuCypher price today is $0.02 USD with a 24-hour trading volume of $2,421.65 USD. We update our NU to USD price in real-time. NuCypher is down 6.18% in the last 24 hours.
The current market cap is $31,569,447.42 USD. The circulating supply is 1,353,461,310 NU.