How to Buy NuCypher
When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy NuCypher and help you discover other crypto similar to NuCypher.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of NuCypher has risen by 4.14% in the past 7 days. The price increased by 1.75% in the last 24 hours. In just the past hour, the price grew by 0.09%. The current price is $0.11 per NU. NuCypher is 97.05% below the all time high of $3.58.
The current circulating supply is 703,000,000 NU.
NuCypher (NU) is an Ethereum token that can be staked to run a node on the NuCypher network. NuCypher describes itself as a threshold cryptography network that provides data privacy and key management for decentralized applications and protocols.
The Nucypher platform deals with an array of applications that help secure encrypted data through Nucypher's . Nucypher works towards eliminating complexities faced by data security service providers, and seeks to promote cryptographic access control and the decentralization of the Nucypher platform. Since cryptographic access control lets users have full access to their encrypted data, it could also reduce dangers of data misuse.
To understand Nycypher platform, one must also understand the (KMS). KMS refers to managing any environment created by cryptographic keys. KMS service providers sometimes face difficulties securing encrypted data, owing to the high upfront security cost and an array of high-level technical implementation requirements.
To ease some of the problems faced by KMS service providers, Nucypher platform offers a decentralized network. The platform also lets users have cryptographic access control through a Proxy Re-Encryption (PRE) or PRE-based KMS. Moreover, Nucypher distributes heavy incentives within its platform to encourage reliability and truthful data sharing amongst its user base.
Nucypher's based platform involves both Developers and Enterprises to create DApps. These secured cater to financial institutions and the healthcare sector by offering an encrypted content marketplace, secret credentials management, and patient-controlled electronic health records.
The native on the Nucypher platform is known as NU. It is an . Nu token is used within the Nucypher platform to reward miners (awarded for completing work) and to pay for data security service renewal.
Nucypher was founded by in 2015. However, the genesis release (v0.1.0-alpha.0) in Jan 2019 marked an internal version of the Nucypher network. The Nucypher network is backed by investors such as Y Combinator, Semantic Ventures, CoinFund, Notation Capital, etc.
The operation of Nucypher has two roles, the . The Staker holds NU and collects rewards. At the same time, the Worker bonds with the Staker to perform work on behalf of the Staker. Therefore, the Stakers of NU can earn fees paid in ETH by users in the network. Additionally, they can also earn NU as an . Thus, the nodes on the network are incentivized through a combination of NU tokens and ETH. The Stakers also participate in the Nucypher (decentralized autonomous organization), which governs the network.
Initially, Nucypher distributed nodes to the stakers through their ‘WorkLock’ model. WorkLock, developed by Nucypher, provided a permissionless opportunity to stake ETH, run nodes, and . However, the .
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 NuCypher currently costs $0.11.
The current market cap of NuCypher is $73.78M. A high market cap implies that the asset is highly valued by the market.
The all-time high of NuCypher is $3.58. This all-time high is highest price paid for NuCypher since it was launched.
Over the last 24 hours, the trading volume of NuCypher is $3.74M.
The current circulating supply of NuCypher is 703 million.
The median time that Coinbase customers hold NuCypher before selling it or sending it to another account or address is 10 days.
NuCypher ranks 42 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 51% of Coinbase users are buying NuCypher. In other words, 51% of Coinbase customers have increased their net position in NuCypher over the past 24 hours through trading.
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