NuCypher
(NU)$ 0.16
0 % (24H)NuCypher Data
Price Range (24H)
Lowest
$ 0.16
Highest
$ 0.16
ATH
$ 0.16
Price Change (24h)
0 %
Price Change (7d)
0 %
Market Cap
$ 623,605,000
24h Volume
$ 0
Circulating Supply
1.35 B
Max Supply
-1
NuCypher Overview
NuCypher (NU) tokens are used on the NuCypher network to incentivize network participants for providing key management services and accessing delegation/revocation operations. NuCypher is a decentralized encryption, access control, and key management system for public blockchains, offering end-to-end encrypted data sharing and decentralized storage solutions. NuCypher uses proxy re-encryption (PRE) technology to securely share private data between multiple participants in public consensus networks. NU tokens are also used for staking to run a NuCypher worker node, participating in the NuCypher DAO, and validating DAO proposals. The NuCypher network is protected against malicious staking and automatically slashes suspected users' rewards.