Please read our Coin Listings Disclaimer. Learn More · Hide This

NU Price
Market Cap
24H Volume
Circ Supply

NU Market Stats

  • Price $0.10567
  • 1H Change +1.03%
  • 24H Change -2.42%
  • 7 Day Change -30.08%
  • 30 Day Change +20.01%
  • 1 Year Change -51.08%
  • All-Time High $2.98031
  • % From ATH -97.61%
  • ATH Date Oct 15, 2021

NuCypher Info

NuCypher is a decentralized threshold cryptography platform that provides data privacy, access control, and other cryptographic services to decentralized applications and protocols. The network currently supports threshold proxy re-encryption and is extensible to other threshold cryptography primitives like threshold signatures (TSS), distributed key generation (DKG), Shamir’s secret sharing (SSS), and proxy re-signing (PRS).

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

NU is used for:

  • Staking to run a NuCypher worker node. Proper behavior is ensured via staking, with malicious nodes subject to slashing penalties.
  • Participating in the NuCypher DAO, which controls network parameters and smart contract upgrades. Users that are staking NU can validate DAO proposals.

NuCypher’s cryptographic libraries can be found on the project’s GitHub and include:

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

NuCypher Technical Info

NuCypher News

NuCypher Intel

Powered by

NuCypher Exchanges

All images, branding and wording is copyright of NuCypher. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.