What is NuyCypher? NuyCypher (NU) is a public blockchains cryptographic service connected to the Ethereum network, co-founded by Curve founder Mikhail Egorov and MacLane Wilkison. Although it was announced in 2017, its launch took place in the last days of 2018. The mainnet process was only completed in October 2020.
What is NuyCypher?
NuyCypher (NU) Token is an ERC-20 based token. It is a cryptocurrency that can be used in decentralized finance transactions and can be staked. With the commissioning of the NuFHE library, extremely secure accounts emerge. Also, NU Token is used to secure SHH credentials. The project aims to enable its investors to carry out their own transactions with full control. At the same time, they can protect their SHH information by encrypting it. The project offers a threshold cryptographic network service that is decentralized and provides key security and data privacy for protocols.
NU Token is used in decentralized financial transactions. It is a project mostly preferred by users who aim to earn passive income through staking. NU Token price can experience instant changes according to the market activity and supply demands. On March 1, 2022, the date of this article, 1 NU Token=8.05 TL. It is trading at 0.58 dollars at the current exchange rate. It ranks 174th in terms of market volume. Also, its circulating supply is 703,000,000 NU Coins and its maximum supply is 3,885,390,082 NU Coins.
NuCypher advantages and disadvantages
Some advantages of NuCypher (NU) Token are:
- NU Token investors, certain amount of assets in their wallets They can lock and earn passive income at the end of the term.
- Users can anonymize their identities in the form of a private password or signature.
- NU Token holders can participate in NuCypher DAO security checks. NuCypher DAO is a protocol that controls smart contracts on the network.
The only disadvantage is; NU Token is at risk of potential attack if stored in an online wallet. NuCypher (NU) Token is an ERC-20 based crypto asset that can be used with decentralized applications.
What is NuyCypher? How to Buy NuCypher (NU) Token?
NU Token is very popular on online exchanges that trade ethereum. There are many popular and trading volume exchanges where you can own this token. These exchanges are:
- Binance
- Huobi Global
- UniSwap
- Gate.io
- Coinbase Pro
- OKEx
- Hotbit
- Hoo
- 1inch Exchange.
