Nimilion private cutting and storage Nimilion, Dumandé the “Blid Computer”, made its debut on Monday to its main network and native token.
However, the market capitalization of the token fell 12% during the first 24 hours as well as the registration continues by major exchanges, in particular the Bithumb and the optimism of South Korea in the community of analysts on the long -term perspectives of the project.
Nile made its debut with a total offer of 1 billion, including 19.52% or 195.15 million Nile was broadcast to the community on the first day, which led to a market capitalization in a design of just over $ 165 million.
Since then, its market value has dropped from 12% to $ 144.93 million, the changing hand token 74 cents on major exchanges, such as Binance, Gate.io, Mexc, Bitget and others, according to Data Source Coingecko.
Earlier Tuesday, Bithumb, one of the greatest exchanges of cryptography in South Korea warned by Altcoin, announced the list of the Nile-Korée won pair on its platform.
The blind computer of Nixhion
Nillion is a decentralized platform designed to support the storage and calculation of high value private data, and it works in the same way as blockchains decentralize transactions.
But there is a catch. Unlike blockchains focusing on transparent books, Nillion uses Nile Compute message (NMC), which allows calculations on encrypted data without exposing (decryport), ensuring that no node or single part has access to sensitive data.
The network architecture combines a coordination layer called Nilchain and Petnet, the latter using technologies improving confidentiality such as multi -party calculation, fully homomorphic encryption and confidence execution environments to offer data security.
This so -called blind calculation strongly contrasts traditional methods which require decryption before processing, which exposes sensitive data, such as personal health / finance information, to security threats and improper use.
Pivot for ia boom
Nillion tackles the persistent challenge for data confidentiality and confidence problems in sectors such as artificial intelligence (AI) – Personal assistants and health care – Private command books in decentralized finance and many others.
“Nillion is Tackling ai’s Biggest Hurdle: Trust. By Weaving Together Cutting-Edge Privacy Tech Into A Seamless backbone for ai, Nillion has the potential to become as fandamental to ai as ssl is to the web. If nillion can make it as it is is Be Powering the Next Wave of Ai Adoption, “Yau Teng Yan, Founder and Chief Evangelist at Research Firm Chain of Thought Said in A detailed article on X.
“The privacy revolution is just beginning,” added Yan.
Haussier tokenomics
The Nile token is the cryptocurrency of governance used to pay network fees for blind calculation and payments on the coordination layer of Nillion and Petnet, guaranteeing the network through milestone and participation in the governance module on the chain.
“The economy of Nile tokens is designed for adoption. Nile will feed the network, guaranteeing operations while conducting demand based on burns as scalds of use,” noted Yan.
