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What is NuCypher all about
As Ethereum looks to fill its role as a world computer, the projects building on it need additional help. This is where NuCypher comes in as a software aiming to provide a security and privacy layer for dApps built on public blockchains, such as Ethereum.
For the developers of these dApps, they are able to to store, share, and manage private data currently, with future plans to add an interoperable security layer to various blockchains where developers can grant permission to sensitive information on a number of dApps.
Essentially, NuCypher provides cryptographic services to several protocols by securely storing private data of public blockchains. It offers a secrets management system and dynamic access control services through Umbral, its encryption scheme, and Ursula, a network of operating nodes.
Ursulas are required to stake NU to perform their network duties and earn newly minted NU tokens, the cryptocurrency associated with this project. NU is thus used to incentivize nodes that perform encryption services for users.
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NU Questions & Answers
What is the NuCypher price today?
Price of NuCypher right now is 0.16 Euro.
What was the highest ever price of NuCypher?
NuCypher reached its maximum price on 2021-10-15, when it was at 2.25 Euro.
What will NuCypher cost in 3 months time?
Using our short term price prediction we estimate that the value of NuCypher will reach anywhere between €0 and €0.37 in 3 months time.
What will the price of NuCypher be in half a year?
Difficult as it is forecasting long term using our price prediction we suspect that NuCypher's value will be anywhere between €0 and €0.37 in six months.
What will NuCypher cost 30 days from now?
According to our prediction algorithm, we suspect that NuCypher's value will be between €0 and €0.37 one month from now.
How popular are topics related to NuCypher on social media?
9604 users participated via Reddit, in an online discussion about NuCypher in the last 48 hours. NuCypher's Twitter profile is followed by 0 people.
10 days NuCypher price forecast
Long term NuCypher price prediction