HomeCoin Price PredictionNucypher Price Prediction: Is Nucypher a Good Coin to Buy?

Nucypher Price Prediction: Is Nucypher a Good Coin to Buy?

Welcome to Coindecimal Nucypher price prediction.

What Is NuCypher (NU)?

what is nucypher

NuCypher is a decentralized encryption, access control and key management system (KMS), encryption service for public blockchains.

NuCypher offers end-to-end encrypted data sharing on public blockchains and decentralized storage solutions.

NuCypher allows users to share private data between a number of participants in public consensus networks, using proxy re-encryption (PRE) technology.

This decryption technology makes NuCypher much more secure and protected than traditional blockchain projects based on public-key encryption, according to NuCypher.

NuCypher (NU) are the native tokens used on the larger NuCypher network. The tokens are used to incentivize network participants for performing key management services and accessing delegation/revocation operations on the network.

The NU tokens are also used for staking to run a NuCypher worker node. The NuCypher network is protected against malicious staking, and would automatically slash a suspected user’s rewards.

NU is also used on the network for participating in the NuCypher DAO. The NuCypher DAO is the protocol that controls network parameters and smart contract upgrades on the network. Users who stake NU can also participate in validating DAO proposals.

Who Are the Founders of NuCypher?

NuCypher was co-founded by Mikhail Egorov (the founder of Curve) and MacLane Wilkison. The white paper for NuCypher was first published in June 2017, but the testnet did not launch until November 2018.

Egorov formerly served as the CTO of NuCypher. He is a security researcher, physicist and scientist from the Moscow Institute of Physics and Technology.

Co-founder MacLane is a software engineer and the CEO of NuCypher. Prior to his involvement in blockchain, he worked as an investment banker at Morgan Stanley, where he provided financial services to enterprises in technology, media and telecommunications.

Both Egorov and MacLane participated in the U.S. startup accelerator Y Combinator in the summer of 2016. The following year, the whitepaper for the NuCypher project was published.

NuCypher launched its private testnet in 2018. The private treatment launch saw participation from major staking infrastructure providers including Bison Trails, Figment, InfStones and Staked.us.

The public testnet of NuCypher began in October 2019. However, the incentivized public testnet began in January 2020. The mainnet of NuCypher launched in October 2020 after distributing $45 million in NU tokens to nodes.

What Makes NuCypher Unique?

Unlike most blockchain projects that are designed to serve customers, better transactions, IoT operations, voting mechanism, and the like, NuCypher was created for other blockchains. NuCypher is a privacy layer for blockchains.

NuCypher provides a privacy infrastructure for the decentralized web with proxy re-encryption (PRE), threshold signatures (TSS), distributed key generation (DKG), and other threshold cryptography.

Using the NuCypher network, users can conditionally grant and revoke access to data with multiple users at a time. NuCypher’s encryption service provides almost unparalleled security for sensitive data transfer.

It combines this with the trustless and censorship-resistant nature of conventional public blockchains.

The cryptographic libraries of NuCypher include;

  • pyUmbral, the reference implementation of the Umbral threshold proxy re-encryption scheme;
  • NuBLS, a threshold BLS signature library, and
  • rust-umbral, a Rust implementation of Umbral with bindings to JavaScript and Python.

How Many NuCypher (NU) Tokens Are There in Circulation?

At NuCypher’s mainnet launch in October 2020, there was a total supply of 1 billion NU tokens. According to the release schedule, 3,335,938 and 4,460,000 NU tokens are released monthly to the SAFT Series 2 and Team/Equity investors every month.

The WorkLock, NuCypher’s novel network node setup mechanism, is expected to get 225,000,000 NU tokens in April 2021. Factoring in the monthly release of the NU tokens, 1,088,876,961 NU tokens have been issued with 392,750,000 currently in circulation.

The network has a max supply of ~3.89 billion NU tokens. The tokens are released monthly as rewards to stakers, according to the staking economics paper.

How Is the NuCypher Network Secured?

NuCypher is a layer 2 resource allocation protocol on Ethereum that uses a proof-of-stake (PoS) mechanism to coordinate worker nodes.

The network runs on a novel node distribution mechanism which NuCypher calls the WorkLock. To run a NuCypher node, a minimum of 2,000 node operators would need to stake 353,913.

The minimum lockup staking period is 30 days. However, NuCypher doesn’t guarantee that staking for longer than one year will provide greater benefits in terms of earning rewards.

Unless the user opts out after a staking period, staking rewards are automatically restaked after each period.

Where Can You Buy Nucypher (NU)?

NuCypher (NU) is popular among online exchanges that trade ethereum tokens. The top exchanges where you can buy, sell, and trade NuCypher tokens currently are:

  • Coinbase Pro
  • Binance
  • UniSwap
  • Huobi
  • Hoo
  • OKEx
  • Gate.io
  • Hotbit, and
  • 1inch Exchange

NuCypher Price Prediction 2021

Month Average Price ($) Change (%)
Feb 2021 $0.4143159701 USD 42.37 %
Mar 2021 $0.4794261611 USD 64.75 %
Apr 2021 $0.4863537695 USD 67.13 %
May 2021 $0.4379966821 USD 50.51 %
Jun 2021 $0.4791535303 USD 64.65 %
Jul 2021 $0.3907855696 USD 34.29 %
Aug 2021 $0.4118787839 USD 41.54 %
Sep 2021 $0.4039454053 USD 38.81 %
Oct 2021 $0.4832622693 USD 66.06 %
Nov 2021 $0.3922736419 USD 34.8 %
Dec 2021 $0.4342381042 USD 49.22 %

NuCypher Price Prediction 2022

Month Average Price ($) Change (%)
Jan 2022 $0.5783736304 USD 98.75 %
Feb 2022 $0.5690886185 USD 95.56 %
Mar 2022 $0.5418722321 USD 86.21 %
Apr 2022 $0.4653036302 USD 59.89 %
May 2022 $0.5052037807 USD 73.6 %
Jun 2022 $0.4727515987 USD 62.45 %
Jul 2022 $0.5353288823 USD 83.96 %
Aug 2022 $0.5693789718 USD 95.66 %
Sep 2022 $0.4429836833 USD 52.22 %
Oct 2022 $0.5379603949 USD 84.86 %
Nov 2022 $0.4541083022 USD 56.05 %
Dec 2022 $0.5270735674 USD 81.12 %

NuCypher Price Prediction 2023

Month Average Price ($) Change (%)
Jan 2023 $0.5616443487 USD 93 %
Feb 2023 $0.7083914243 USD 143.43 %
Mar 2023 $0.6076547418 USD 108.81 %
Apr 2023 $0.6499151564 USD 123.33 %
May 2023 $0.4964937716 USD 70.61 %
Jun 2023 $0.6411102350 USD 120.31 %
Jul 2023 $0.6532075482 USD 124.46 %
Aug 2023 $0.5141858096 USD 76.69 %
Sep 2023 $0.6233868613 USD 114.22 %
Oct 2023 $0.5196790512 USD 78.58 %
Nov 2023 $0.7022730888 USD 141.32 %
Dec 2023 $0.7046357682 USD 142.14 %

NuCypher Price Prediction 2024

Month Average Price ($) Change (%)
Jan 2024 $0.7340318191 USD 152.24 %
Feb 2024 $0.7722362544 USD 165.37 %
Mar 2024 $0.6518853009 USD 124.01 %
Apr 2024 $0.6021235761 USD 106.91 %
May 2024 $0.6517502761 USD 123.96 %
Jun 2024 $0.6536368315 USD 124.61 %
Jul 2024 $0.8469727048 USD 191.05 %
Aug 2024 $0.7283163085 USD 150.27 %
Sep 2024 $0.5874377409 USD 101.86 %
Oct 2024 $0.7693026784 USD 164.36 %
Nov 2024 $0.8298713695 USD 185.17 %
Dec 2024 $0.7743259508 USD 166.08 %

NuCypher Price Prediction 2025

Month Average Price ($) Change (%)
Jan 2025 $0.9577568314 USD 229.12 %
Feb 2025 $0.8847043569 USD 204.01 %
Mar 2025 $0.9469942322 USD 225.42 %
Apr 2025 $1 USD 244.16 %
May 2025 $0.9149453437 USD 214.41 %
Jun 2025 $0.8416751370 USD 189.23 %
Jul 2025 $0.9806318353 USD 236.98 %
Aug 2025 $0.9637484940 USD 231.18 %
Sep 2025 $0.9621847102 USD 230.64 %
Oct 2025 $0.9449878572 USD 224.73 %
Nov 2025 $0.9350178999 USD 221.3 %
Dec 2025 $0.8491449602 USD 191.79 %

NuCypher Price Prediction 2026

Month Average Price ($) Change (%)
Jan 2026 $1.07 USD 266.01 %
Feb 2026 $1.04 USD 256.43 %
Mar 2026 $0.9803709146 USD 236.89 %
Apr 2026 $1.06 USD 265.91 %
May 2026 $0.9152603657 USD 214.51 %
Jun 2026 $0.9986410342 USD 243.17 %
Jul 2026 $1.12 USD 286.2 %
Aug 2026 $1.15 USD 296.01 %
Sep 2026 $0.9220702060 USD 216.85 %
Oct 2026 $1.05 USD 261.4 %
Nov 2026 $1.12 USD 284.87 %
Dec 2026 $1.11 USD 282.38 %

NuCypher Price Prediction 2027

Month Average Price ($) Change (%)
Jan 2027 $1.11 USD 282.38 %
Feb 2027 $1.11 USD 282.38 %
Mar 2027 $1.11 USD 282.38 %
Apr 2027 $1.11 USD 282.38 %
May 2027 $1.11 USD 282.38 %
Jun 2027 $1.11 USD 282.38 %
Jul 2027 $1.11 USD 282.38 %
Aug 2027 $1.11 USD 282.38 %
Sep 2027 $1.11 USD 282.38 %
Oct 2027 $1.11 USD 282.38 %
Nov 2027 $1.11 USD 282.38 %
Dec 2027 $1.11 USD 282.38 %

NuCypher Price Prediction 2028

Month Average Price ($) Change (%)
Jan 2028 $1.3 USD 346.48 %
Feb 2028 $1.45 USD 399.07 %
Mar 2028 $1.25 USD 328.29 %
Apr 2028 $1.22 USD 319.61 %
May 2028 $1.27 USD 335.43 %
Jun 2028 $1.35 USD 364.47 %
Jul 2028 $1.23 USD 321.83 %
Aug 2028 $1.42 USD 388.68 %
Sep 2028 $1.4 USD 380.52 %
Oct 2028 $1.34 USD 359.46 %
Nov 2028 $1.42 USD 389.4 %
Dec 2028 $1.38 USD 375.81 %
Our predictions are made on the basis of Historical Data. We are not responsible for any profit / loss.
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