Market Cap: $1,500,738,839,168.24
24h Vol: $64,806,396,312.73
BTC Dominance: 48.361190568632%
Cryptocurrencies: 5,929
Markets: 44,421
Eth Gas: 137 Gwei

NuCypher

NuCypher (NU)

$0.2167050000 USD (-0.18%)
0.00008379 BTC

Low (24h)

High (24h)

$0.2085783300

$0.2243551300

Rank
191
1H
1.88%
24H
-0.18%
7D
2.62%

Market Cap

$143,947,000.00 USD

Volume (24h)

$16,964,800 USD

Circulating Supply

664,250,000 NU

Max Supply

3,885,390,000 NU

NuCypher Latest News

NuCypher Stock Price Chart

No team data found

NuCypher (NU) Price in USD with Live Chart & Market Cap

About NuCypher :

Nucypher is a decentralized key management system or KMS that provides encryption without the need for reliance on any centralized authority. It aims to provide security infrastructure layers to Dapps or decentralized apps that are running on public blockchains.

Fully Diluted Market Cap

$841,985,245.18

Market Cap / TVL Ratio

$0.0100000000

Total Value Locked (TVL)

$29.73

Volume / Market Cap

$0.1200000000

1 NU = $0.2167050000 USD
NuCypherNU
1 USD = 0.216705 NU


NuCypherNuCypher Price Chart US Dollar (NU/USD)


# Name Price % 1h % 24h MarketCap Circulating Supply Volume 7d
1
1 $0.7513023050 0.13% -3.42% $5.63 M 7,500,005 $25.47 K AAX Token seven day chart
2
2 $4.62 0.28% 14.37% $1.97 M 426,026 $? Team Heretics Fan Token seven day chart
3
3 $0.0040941186 0.13% -0.22% $265.40 K 64,825,153 $? SolarCoin seven day chart
4
4 $0.0252256534 2.82% 11.03% $180.66 K 7,161,625 $172.37 Vidulum seven day chart
5
5 $0.0002582757 3.07% 3.23% $41.73 K 161,588,985 $? Natmin Pure Escrow seven day chart
6
6 $0.0018540743 1.11% 0.6% $0.00 ? $6.79 K 4-Stock seven day chart
7
7 $0.0007373482 1.11% 0.13% $0.00 ? $3.74 K Voltbit seven day chart

NuCypher (NU) Price Live Statistics

NuCypher price today is $0.2167050000 USD, which is down by -0.18% over the last 24 hours. There has been an hourly rise by 1.88%. NuCypher’s market cap currently sits at $143,947,000.00 USD, holding up for a market cap rank at #191. There is an upsurge in the weekly values by 2.62% Yesterday’s opening price reports to be $0.2203314900 USD while closing rates were $0.2132809200 USD The high/low price for yesterday was $0.2243551300 USD / $0.2107607200 USD and the volume were at $19,570,863.28 USD The high and low price for 7 days is $0.2398524200 USD / $0.2069907600 USD , for 30 days is $0.2792163900 USD / $0.1741606200 USD and for 90 days is $0.5836230700 USD / $0.1740331500 USD NuCypher ranks no 191 in the market capitalization of NuCypher is at $143,947,000.00 and its volume for 24 hours is $16,964,800. 664.25 M NuCypher are under circulation, with total supply of 1.24 B and the Maximum supply of 3.89 B.

What is NuCypher?

It allows the user to share and store data securely on public networks. It employs the Proxy - Re-Encryption technology to give the benefits of secured data sharing and storing to its users. It removes the need for a centralized key management service provider. It provides the necessary security infrastructure layer to decentralized and centralized applications.

Such impressive benefits of secured data encryption and sharing can be leveraged by online banking systems and also to maintain medical records.

Developers get this encrypted service via a network of Nucypher nodes in exchange for ETH. While on the other hand, participants can spin up this node in exchange for a NuCypher token, NU.

NuCypher works upon improving the basic proxy re-encryption designs by replacing the single centralized proxy with a decentralized network. Multiple re-encryption nodes provide robustness to the network without comprising any private keys.

It uses a specific threshold PRE scheme known as ‘Umbral’ to provide cryptographic access control. This process works in 4 different steps that allow data sharing.

  • Grant - The user or developer grants access to encrypted data to a given address by creating a policy and sharing it with NuCypher Network. The NuCypher nodes receive the shared policy through its NuCypher nodes. This also includes a re-encryption key.
  • Encryption - The shared policy which contains a re-encryption key also has an encryption key that an IoT device or a collaborator can encrypt on behalf of the data owner. The encrypted data is then uploaded to the storage layer.
  • Receiving - The intended receiver of the data can download that data from the appropriate storage layer.
  • Re-Encryption - To de-encrypt, the data the recipient must access to the NuCypher nodes by sending a request. If the request is approved, the NuCypher nodes will re-encrypt the data to the recipient’s public key. This can now be decrypted by the user. The NuCypher nodes perform this re-encryption in exchange for some fees.

Additionally, its NuFhe library enables secure private computation on encrypted data via outsourced nodes.

What is the circulating supply of NU?

Nucypher has its token as NU. It is a work token that gives access to its user to use its NuCypher nodes. Participants can spin up a node by committing to stay online and staking a sufficient amount of NU tokens on the network as collateral.

After confirmation of the NU’s security deposit, the user can use the re-encryption services. It has a circulating supply of 340 million NU coins and a max supply of 3.89 billion.

Other vital statistics -

Market Cap - $66,580,522

Trading Volume - $34,161,631

NuCypher price - $0.186963

What makes NuCypher unique?

Unlinke other cryptocurrencies, NU tokens were not distributed through ICO’S (Initial coin offerings), Merkle mines or air drop. NU tokens upon the mainet launch were distributed as per the Worklock mechanism.

The Worklock mechanism required users to escrow ETH in a contract to acquire NU tokens. Users can recoup their ETH by staking NU tokens and generating some amount of work. If the participants choose not to stake their ETH is burned.

Such worklock mechanism was developed to distribute tokens to meaningful users, unlike airdrop thar fails to address this concern.

Who are the founders of NuCypher?

Nucypher was founded by Macklane Wilkison and Michael Egorov in 2015. The main aim behind the origination of NuCypher was to make data sharing and encryption secure. The company has its headquarter in San Fransisco, California.

The genesis releasewas held in January, 2019 followed by the mainet launch on October 2020. In between it also held public testenet, come and stake it incentivised testnet and worklock, respectively.

In a SAFT, it sold about 8% of its supply at the valuation of $133 million. Investors agreed to stake-lock their tokens for two years, implying that they will stake NU tokens and run nodes on the network for two years before selling.

Where can you buy NU tokens?

You can acquire NU tokens through worklock mechanism. It is available for trading on Uniswap and coin base pro.

NuCypher Price Today

NuCypher Price $0.2167050000 USD
24 Hour High / Low $0.2243551300 USD / $0.2085783300 USD
24 Hour Volume $16,964,800
Market Cap $143,947,000.00
Market Rank #191

NuCypher Price Yesterday

Yesterday's High / Low $0.2243551300 USD / $0.2107607200 USD
Yesterday's Open / Close $0.2203314900 USD / $0.2132809200 USD
Yesterday's Change 0.0070505700 USD (-3.2%)
Yesterday's Volume $19,570,863.28 USD

NuCypher Price History

7 Day High / Low $0.2398524200 USD / $0.2069907600 USD
30 Day High / Low $0.2792163900 USD / $0.1741606200 USD
90 Day High / Low $0.5836230700 USD / $0.1740331500 USD

NuCypher Supply

Circulating Supply 664.25 M
Total Supply 1.24 B
Max Supply 3.89 B
NuCypher Price (BTC) 0.00008379
1 Hour
1.88%
24 Hours
-0.18%
7 Days
2.62%
NuCypher/Bitcoin Ratio 1 BTC = 0.0001187891 NU
Started -
Whitepaper Download
Development status -
Org. Structure -
Open Source 1
Proof Type Not mineable
Algorithm None
Hardware wallet 1

NuCypher Markets

# Source Pair Price Volume(24h) Volume(%) Liquidity Category Updated
1 NU/USD $1 $2,741,450.78 15.70% 211 Spot Recently
2 NU/USDT $0.9999089066 $3,003,256.76 17.19% 165 Spot Recently
3 NU/EUR $1.19 $982,074.47 5.62% 162 Spot Recently
4 NU/USDT $0.9999089066 $2,742,271.05 15.70% 134 Spot Recently
5 NU/BTC $38,846.65 $846,994.97 4.85% 122 Spot Recently
6 NU/USDT $0.9999089066 $1,588,968.71 9.10% 161 Spot Recently