Nillion (NIL) Price

$0.42

Nillion (NIL) Price Today

The live price of Nillion is $0.42 USD. In the past 24 hours, the trading volume of Nillion was $44.8M USD, with a change of -4.63%. The current live price of Nillion has changed by -29.72% from its 7-day high of $0.60 USD and by -0.22% from its 7-day low of $0.42 USD. With a circulating supply of $1,000,000,000.00 NIL, the market cap of Nillion is currently $85.1M USD, marking a -3.57% change in the last 24 hours. Nillion currently ranks 409 by market capitalization.

Nillion (NIL) Market Data

Market Cap

$83.2M

24h Volume

$44.8M

Circulating Supply

1B NIL

Maximum Supply

Fully Diluted Market Cap

$426.3M

Liquidity Indicator

53.96%

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About Nillion (NIL)

What is Nillion?

In the rapidly evolving digital landscape, data privacy and security have become paramount concerns. Traditional methods of securing sensitive data often involve centralized entities, which introduce significant risks, including data breaches and loss of control. Enter Nillion, a groundbreaking secure computation network that decentralizes trust for high-value and private data in the same way that blockchain decentralized transactions. This innovative approach is poised to revolutionize industries ranging from artificial intelligence to healthcare, finance, and beyond.

At its core, Nillion introduces the concept of Blind Computation, enabling computations on encrypted data without exposing it to the processing nodes. This represents a monumental shift in data security, solving the longstanding problem of balancing privacy with utility.

How Nillion Works

Nillion’s architecture consists of three key layers:

Processing Layer: This is where the actual secure computation happens. Nodes deployed with Nillion’s Node Deployment Kit (NDK) form compute clusters that distribute trust while processing encrypted data securely.

Coordination Layer: A blockchain execution environment streamlined for intra-node operations. It facilitates payments, requests, and the coordination of network resources efficiently.

Connectivity Layer: This allows the network to interface with external systems and blockchains, expanding its accessibility and applicability.

Each Nillion Node includes:

Cryptographic Preprocessor: Ensures secure computation by processing encrypted data.

Secure Resource Vault: Stores sensitive data securely.

Coordination Interface: Manages network-wide processes and interactions.

Public Particle Database: A decentralized storage system for maintaining data integrity.

Program Library: Houses execution logic for Blind Computation.

Authentication & Access Control Service: Ensures security at all levels of network interaction.

Use Cases of Nillion

Nillion’s cutting-edge technology has the potential to transform multiple industries. Here’s how:

Artificial Intelligence (AI)

Nillion facilitates privacy-preserving AI training and inference, enabling organizations to build secure, personalized AI models without compromising user data. This is particularly valuable in fields like personalized medicine, financial modeling, and behavioral analytics.

Decentralized Physical Infrastructure Networks (DePIN)

Nillion provides a confidential backend for other DePIN networks, enabling secure and private operations in fields such as IoT, agriculture, and supply chains. Businesses can now build decentralized resource-sharing networks while ensuring data confidentiality.

Privacy-Enhancing Technologies (PETs)

Nillion is at the forefront of privacy-enhancing technologies (PETs) by implementing secure multi-party computation (MPC) and homomorphic encryption (HE). This makes it possible to store and process highly sensitive data without exposing it to unauthorized entities.

Quantum Secure Messaging

Nillion enables fully private and quantum-secure messaging, ensuring data security even against future quantum computing threats.

Encrypted Trading Platforms

A major breakthrough is the ability to facilitate fully private and secure trading platforms, preventing frontrunning and ensuring fair transactions in financial markets.

Private Healthcare Analytics

With Nillion’s secure computation capabilities, hospitals, research institutions, and pharmaceutical companies can collaborate on sensitive healthcare data without compromising patient privacy. This opens doors for breakthroughs in medical research and treatment optimization.

Decentralized Multi-Factor Authentication

Nillion supports trustless authentication mechanisms, allowing for fully private user authentication based on behavioral analytics, geolocation, and other advanced factors.

Private Large Language Model (LLM) Inference

With private inference for LLMs, businesses can use AI models without exposing proprietary datasets, ensuring that sensitive input and output data remain secure.

Private Retrieval Augmented Generation (RAG)

Nillion enhances semantic search capabilities while ensuring data privacy. This eliminates attack vectors typically associated with plaintext searches, making information retrieval safer.

Decentralized Storage Vault

Nillion’s quantum-secure vault provides a groundbreaking way to store sensitive data while ensuring access control through decentralized trust mechanisms.

Composable Digital Identity

The network allows users to store essential personal data—such as credentials, healthcare information, and passports—in a private, secure, and composable manner, enabling seamless integration across applications.

NIL Tokenomics

At the heart of Nillion’s ecosystem is the NIL token, which plays a crucial role in securing the network and enabling decentralized governance. The token is designed to power the network’s blind computation capabilities while rewarding participants who contribute to its security and operations.

Key Functions of NIL:

Coordination Services: Facilitates transactions and network operations.

Blind Computation Access: Allows developers and businesses to leverage privacy-preserving computation.

Staking & Security: Tokenholders can stake NIL to support network security and earn rewards.

Governance: NIL holders participate in network governance, including protocol upgrades and resource allocations.

NIL Token Distribution:

The total supply of 1,000,000,000 NIL is allocated as follows:

Ecosystem & R&D (29%): Supports network growth, grants, and developer incentives.

Community (20%): Incentive programs, airdrops, and user rewards.

Protocol Development (10%): Funds ongoing research and infrastructure development.

Early Backers (21%): Supports investors from Pre-Seed, Seed, and fundraising rounds.

Core Contributors (20%): Rewards early team members and advisors.

Should You Invest in Nillion?

Potential Benefits

The potential for Nillion lies in its ability to address one of the most pressing issues in the digital world—data privacy and secure computation. As industries and governments increasingly demand stronger data protection measures, Nillion’s blind computation technology could become the backbone of secure AI, finance, healthcare, and decentralized identity solutions.

Risks to Consider

As with any investment, risks exist. The adoption of Blind Compute technology is still in its early stages, and competition from traditional privacy-enhancing technologies may pose challenges. Regulatory scrutiny on data security and privacy-focused networks could also impact Nillion’s growth trajectory.

Investors looking to enter the Web3 privacy sector may find NIL to be a promising opportunity, especially considering its early mover advantage. However, as with any emerging technology, risks remain, including adoption challenges, regulatory scrutiny, and network scalability concerns.

Final Thoughts

Nillion is pioneering the future of decentralized trust, ensuring that high-value, sensitive data remains secure even during computation. By blending cutting-edge cryptography, decentralized architecture, and AI-powered privacy solutions, the network has the potential to redefine the way data is processed and stored. As the ecosystem grows and adoption increases, Nillion may well emerge as a fundamental building block of the future Web3 landscape.

For those interested in the intersection of AI, blockchain, and privacy, Nillion represents a unique and groundbreaking opportunity. As the world moves towards a more privacy-centric internet, platforms like Nillion will be at the forefront of this transformation.

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Information source

Official Website

Whitepaper

Nillion (NIL) Price Converter

NIL to USD

1 NIL = $ 0.42

NIL to VND

1 NIL = ₫ 11,053.05

NIL to EUR

1 NIL = € 0.38

NIL to TWD

1 NIL = NT$ 12.88

NIL to IDR

1 NIL = Rp 7,033.23

NIL to PLN

1 NIL = zł 1.63

NIL to UZS

1 NIL = so'm 5,519.27

NIL to JPY

1 NIL = ￥ 62.10

NIL to RUB

1 NIL = ₽ 34.51

NIL to TRY

1 NIL = ₺ 16.56

NIL to THB

1 NIL = ฿ 14.21

NIL to UAH

1 NIL = ₴ 17.69

NIL to SAR

1 NIL = ر.س 1.59

Nillion Price Converter

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How to Buy NIL Guide

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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For more detailed information, please refer to our Risk Disclosure Statement.

Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.