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NuCypher Coin (NU) is the native cryptocurrency of NuCypher, a privacy-focused project for blockchains.
What is NuCypher (NU)?
NuCypher (NU) is a decentralized encryption service for blockchains with a cryptographic access control and key management system. NuCypher offers end-to-end encrypted data sharing on blockchains and decentralized storage solutions. The platform utilizes proxy re-encryption technology, allowing users to share private data among a set of participants within a public consensus network.
NuCypher, with its decryption technology, stands out from traditional blockchain projects based on public-key encryption by being far more secure and protective. NU is the native cryptocurrency used on the NuCypher network. NUs are used to incentivize network participants to perform key management services and contribute to authorization processes on the network.
NUs are also used for staking to operate a NuCypher node. The NuCypher network protects against malicious software and automatically slashes rewards from suspicious users. NU is used on the network to participate in the NuCypher DAO.
The NuCypher DAO is the protocol that controls the parameters and smart contract upgrades on the network. Users who hold NU can participate in the verification of DAO proposals.
Unlike most blockchain projects designed to serve various mechanisms, from better transactions to IoT operations, NuCypher is developed for other blockchains. NuCypher is a privacy layer for blockchains. The project provides a privacy infrastructure for decentralized web using proxy re-encryption and FHE technologies.
Where to Buy NU Coin?
NU Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. NuCypher is traded on the Binance platform in NU/BTC, NU/BNB, NU/BUSD, and NU/USDT pairs.
To purchase NU Coin, you first need to become a member of the Binance exchange. Once the membership is complete, you should transfer cryptocurrency or fiat currency to your Binance wallet. After the transfer is completed, you can buy NU Coin in any of the four pairs mentioned above. For purchasing from the NU/USDT trading pair, first, navigate to the interface of this pair. On the NU/USDT interface, enter the desired amount in the field provided in the limit tab. After specifying the amount, the purchase is completed with the Buy NU order.
