NIL Price today

Nillion is a decentralized data storage and computation network and an accompanying a suite of tools that together allow builders to build novel, powerful applications that leverage high-value data in a safer way. Its modular and flexible architecture makes it possible to leverage cutting-edge cryptographic techniques to accomplish this, enabling both more secure versions of existing workflows and unlocking new opportunities.

Early builders in the Nillion community are creating tooling for private predictive AI, secure storage and compute solutions for healthcare, storage solutions for secure data such as credentials, and secure workflows for trade data.

The Nillion Network consists of the following major components working in conjunction:

• The Petnet Layer: Facilitates blind computation and enables data processing without revealing its content.
• The Coordination Layer: Operates as the network’s transactional backbone, managing payments, resource allocation and requests between network participants.

NIL is a native coin of the Nillion ecosystem, operating on Nillion and can be used to:

• Coordination Network: NIL is used to make transactions, access network resources on the Coordination Layer, and settle usage costs across the network.
• Blind Computation: Developers and users can leverage NIL to access advanced privacy-preserving computation services for their applications.
• Staking: Tokenholders can stake NIL to support network security and earn rewards. Validators can bond their tokens to validate transactions and computations to secure the network.
• Governance: NIL token holders are eligible to participate in decentralized governance, proposing and voting on critical network decisions, including protocol upgrades, network parameters, resource allocation, and community grant initiatives.

Specifications

• Name: Nillion
• Symbol: NIL
• Platform: Nillion
• Type: Utility, Governance
• Total supply: 1,000,000,000 NIL