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Nahmii is on the decline this week.

The price of Nahmii has fallen by 17.10% in the past 7 days. The price declined by 3.48% in the last 24 hours. In just the past hour, the price shrunk by 0.58%. The current price is $0.000232 per NII. Nahmii is 98.84% below the all time high of $0.0200.

The current circulating supply is 0 NII.


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What Is Nahmii (NII)?

Nahmii is an interoperable layer-2 scaling protocol on the Ethereumblockchain for instant transactions, lower fees, and commercial readiness. Interoperability means the ability to exchange information and resources between different computer systems, especially on different machines. The project is one of the few ones that aims to make a commercially viable scaling solution for Ethereum. Built around Nahmii Virtual machine(NVM), the project Nahmii aims to make transactions on Ethereum affordable and easily accessible to users.

As per its whitepaper, Nahmii seeks to resolve some of the major challenges faced by Ethereum blockchain for commercially relevant scaling:

  • Low throughput:The key goal of all scaling solutions is to enable more transactions per second. Using horizontal scaling, Nahmii has no limit to the number of transactions per second. Here, Horizontal scaling means adding more machines to the resource pool to scale users' data with more resources.

  • High, unpredictable fees: Fees provide general viability to all use cases, including micro-transactions. This fee is essential for managing and planning the costs of a product. Nahmii's fees are generally low and have no variability. Further, there are no surprise charges. Fees are always known before any transaction.

  • Latency: Nahmii reduces the time taken for processing the transactions and gives users immediate feedback using state pool technology. State pools is a patent-pending technology that provides users or developers with the right tools to easily build solutions on Ethereum at scale. Latency on Nahmii is measured in milliseconds.

  • Delayed finality:Finality is required for financial applications to eliminate execution risk. Transactions on Nahmii have instant finality. The state-channel architecture of Nahmii removes the need to have a base layer to achieve finality.

NII is the native token of Nahmii, which serves as a utility function for transactions, payments, and transfers. The token NII is also used to reward token holders by staking. By connecting the Metamask crypto walletwith Nahmii, users can store, transfer or transact with NII tokens.

Nahmii 1.0 supports smart contracts for payments. The project Nahmii has a decentralized oracle that verifies data availability using these smart contracts. Therefore, Nahmii's architecture prevents fraud at all levels, thereby securing transactions and user funds. Further, the Nahmii 2.0 added full EVM (Ethereum Virtual Machine) functionality enabling smart contracts. The Ethereum Virtual Machine (EVM) is a software platform for developers to create decentralized applications (Dapps) on Ethereum. This upgraded version of Nahmii provides generalized smart contract support and full composability of the Ethereum network. As a result with Nahmii, the builders can create unique and powerful new products like blockchain-based games, etc.

History of Nahmii (NII)

The whitepaper on Nahmii was released on July 7, 2021. The Nahmii team involves Jacobo as CEO (Chief Executive Officer), Mark as COO (Chief Operating Officer), and Jens Ivar as CTO (Chief Technical Officer). Nahmii had a total supply of 120 billion NII tokens.

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What is the current price of Nahmii?

We update our Nahmii to USD currency in real-time. Get the live price of Nahmii on Coinbase.

What is the market cap of Nahmii?

The current market cap of Nahmii is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Nahmii?

The all-time high of Nahmii is $0.0200. This all-time high is highest price paid for Nahmii since it was launched.

What is the 24 hour trading volume of Nahmii?

Over the last 24 hours, the trading volume of Nahmii is $9.83K.

What other assets are similar to Nahmii?

Assets that have a similar market cap to Nahmii include NFTNetwork, Freedom God Dao, PRVT data, and many others. To see a full list, see our comparable market cap assets.

How many Nahmii are there?

The current circulating supply of Nahmii is 0.

Can I buy Nahmii on Coinbase?

Yes, Nahmii is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Nahmii guide.