NU (NuCypher) Introduction

1. Brief Introduction

NuCypher KMS is a decentralized Key Management System (KMS) that addresses the limitations of using consensus networks to securely store and manipulate private, encrypted data.

2. Detailed Introduction

NuCypher is a decentralized encryption service for public blockchains. The NuCypher network allows users to share private data between select members of a public consensus network by utilizing proxy re-encryption (PRE) technology. This provides users on the network with a higher level of data security when compared to traditional blockchains.

The NuCypher network's native token, NU, incentivizes network participants to continue providing management services via staking. NU token holders can stake their tokens through a worker node, which is protected against malicious staking. NU is an ERC-20 token, which means that it runs on the Ethereum network.

3. Token Information and Release Schedule ( Only provide when available)

Total supply: 3,885,390,081 NU

Circulating Supply: 340,245,078 NU (28/04/2021)

4. Related Links

Official Website: https://www.nucypher.com/

White paper: https://github.com/nucypher/whitepaper

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.