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3.6
NuCypher can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
NuCypher is only supported on a DEX. Additional fees will apply. Coinbase is not responsible for activity or assets traded on a DEX. Learn more.
Market cap
-
Volume (24h)
$1,101.24
Circulating supply
-
Typical hold time
7 days
Popularity
#116
All time high
$3.58
Price change (1h)
-0.42%
Price change (24h)
+1.54%
Price change (7d)
-3.17%
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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 fallen by 3.17% in the past 7 days. The price increased by 1.54% in the last 24 hours. In just the past hour, the price shrunk by 0.42%. The current price is $0.0597 per NU. NuCypher is 98.33% below the all time high of $3.58.
The current circulating supply is 0 NU.
Average ratings from the community
3.6 out of 5
617 ratings
Community
3.6
(205)
Roadmap
3.6
(202)
Usefulness
3.6
(210)
This content is for informational purposes only.
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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 cryptographic infrastructure. 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 Key Management System (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 blockchain based platform involves both Developers and Enterprises to create DApps. These secured DApps 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 token on the Nucypher platform is known as NU. It is an ERC-20 token. 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 MacLane Wilkison and Michael Egorov 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, etc11.
The staking operation of Nucypher has two roles, the Staker and the Worker. 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 inflation subsidy. Thus, the nodes on the network are incentivized through a combination of NU tokens and ETH. The Stakers also participate in the Nucypher DAO (decentralized autonomous organization), which governs the network.
Initially, Nucypher distributed nodes to the stakers through their ‘WorkLock’ model5. WorkLock, developed by Nucypher, provided a permissionless opportunity to stake ETH, run nodes, and earn NU. However, the participation in WorkLock is now closed.
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Conversion Table
NU/CAD (Canadian Dollar)
CA$0.0805
NU/GBP (British Pound)
£0.0489
NU/BRL (Real)
R$0.30
NU/EUR (Euro)
€0.0565
NU/NGN (Nigerian Naira)
NGN 46.43
NU/SGD (Singapore Dollar)
S$0.0815
The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more
Decrypt • Sep 27, 23
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Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
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We update our NuCypher to USD currency in real-time. Get the live price of NuCypher on Coinbase.
The current market cap of NuCypher is $0.00. 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 $1.10K.
Assets that have a similar market cap to NuCypher include Coniun, LeverageInu, KermitTheCoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of NuCypher is 0.
The median time that Coinbase customers hold NuCypher before selling it or sending it to another account or address is 7 days.
NuCypher ranks 62 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, NuCypher is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy NuCypher guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.