Nillion: Abbreviated Introduction
Nillion is an advanced technology that upgrades from traditional Secure Multi-Party Computation (SMPC/MPC). Unlike a blockchain, it does not maintain a ledger for transaction storage. With Nil Message Compute (NMC), nodes do not need to communicate with each other, introducing
numerous possibilities for its use. Nil Message Compute (NMC) enables unique use cases and can also be used to enhance many existing blockchains.
Nillion is a pioneering project that will launch the first decentralized, trustless, and permissionless NMC network for web3. This project:
• Introduces a decentralized way to store and process private information.
• Its advanced technology eliminates the need for traditional encryption.
• Creates a Meta Layer to interconnect existing blockchains (e.g. decentralized secure enclaves, interoperability and more).
• Enables significant new real world, decentralized applications.
• Provides post-quantum security through its utilization of Information Theoretic Security (encryptionless technology).
Nillion is currently in pre-launch and part of the CoinList Fall 2022 Cohort (Seed Round). The NIL token, the native token of Nillion network, will be used to:
• Grant access to the network for various services.
• Align Economics Incentives & Nodes Cooperation through staking.
• Incentivize nodes to maintain high performance.
The team behind Nillion includes scientists, businesspeople, designers, and engineers with successful track records in the crypto and broader start-up space. The project has established a presence across major social media sites.
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