NuCypher revolutionizes blockchain privacy with Umbral encryption, Ursula nodes, and NU tokens, enabling secure data sharing and dynamic access control. More
| Fully Diluted Valuation | $210.47M |
|---|---|
| 24H Trading Volume | $495 |
| 24H Low / High | $0.05 / $ 0.05 |
| Circulating Supply | 0.00 |
| Total Supply | 3.89B |
| Max Supply | 3.89B |
| Categories | Privacy 5 more |
|---|---|
| Founder | Mikhail Egorov 1 more |
| Website | nucypher.com Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Energi 3 more |
| Contracts |
0x4fe....3a4cc
1 more
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| Name | Pair | OG Score |
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In the dynamic landscape of blockchain technology, NuCypher (NU) emerges as a trailblazer, offering a decentralized encryption, access control, and key management system. Founded in 2015 by Mikhail Egorov and MacLane Wilkison, NuCypher transitioned towards blockchain-based technology in 2017, with its mainnet launching in October 2020. NU serves as the native cryptocurrency, with a total supply of 3,885,390,082.
NuCypher's core strength lies in its cryptographic infrastructure, specifically designed to safeguard the privacy of applications within the blockchain ecosystem. At the heart of this innovation are two key technologies: Umbral and Ursula. Umbral, an encryption scheme, ensures user privacy by securely sharing data, while Ursula, the node network, facilitates the re-encryption process, allowing users to grant access without compromising the data itself. To operate as an Ursula, participants stake NU, earning incentives for their crucial role in the network.
The versatility of NuCypher extends across various use cases, thanks to its interoperability. Developers can utilize the platform for secrets management, enabling the secure storage of confidential information such as passwords and private keys. Moreover, NuCypher excels in dynamic access control, empowering users to dynamically grant or revoke access to specific sets of data. Beyond its utility, NuCypher stands unique in the blockchain space as a privacy layer, providing end-to-end encrypted data sharing and decentralized storage solutions through proxy re-encryption technology.
NuCypher stands out for its role as a decentralized privacy layer for blockchains, ensuring secure data sharing through Umbral encryption, Ursula nodes, and NU tokens.
NuCypher was co-founded by Mikhail Egorov, a former CTO with a background in security research, and MacLane Wilkison, a software engineer and CEO, both alumni of the U.S. startup accelerator Y Combinator.
NuCypher has garnered support from big investors and backers such as Polychain Capital, Galaxy, Y Combinator, Hashed Fund among others.
You can buy NuCypher (NU) on Uniswap V2 (Ethereum), Sushiswap cryptocurrency exchanges.
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