Last updated
Last updated
Genesis Sprint: A four-week public testnet focused on testing on the Downloads network. Available functions: creation of wallets, transfer of tokens, staking, management on the blockchain.
Catalyst Convergence: Petnet integration for improved data processing, connectivity to core coordination layer, addition of external nodes.
Hardening: A full-fledged startup with secure data storage, confidential computing and real-world transactions.
Multicluster Future: Scale horizontally by introducing new clusters to meet computing and security needs.
Nillion Network is a decentralized platform specializing in secure processing and storage of high-value data using Multi-Party Computation (MPC) technology. It enables computing on data without revealing it, providing maximum privacy for various industries, including finance, healthcare and artificial intelligence.
Nillion Network operates using Multi-Party Computation (MPC) to execute secure computations on encrypted data. This ensures that sensitive information remains private, even during processing. The network consists of two key layers:
NilChain: Manages the coordination of transactions and data storage.
Petnet: Executes blind computations, allowing data to be processed without being exposed, thus ensuring privacy.
This architecture is designed to support applications in industries requiring privacy, such as healthcare, finance, and artificial intelligence.
Nillion revolutionizes data privacy by enabling computation on encrypted data without decryption. This technology offers several clear advantages:
High Security: Sensitive data never needs to be exposed or decrypted during computations, providing unparalleled privacy.
Scalability: The multi-layer architecture allows Nillion to efficiently handle large-scale data computations.
Integration: It’s ideal for decentralized applications, allowing for seamless incorporation into existing systems.
Versatility: Nillion supports diverse applications, from financial transactions to medical data analysis, where privacy is crucial.
The strong combination of privacy-enhancing technology (PET) and decentralized infrastructure makes Nillion a future-proof solution for organizations that prioritize data security while needing efficient and scalable computational capabilities.
NIL is the utility token that makes the operation of the Nillion Network possible:
Securing the Coordination Layer: Staking NIL accrues voting power that is used to secure the network and decide who is part of the active set of validators using a Delegated Proof of Stake mechanism.
Managing Network Resources: Users must pay NIL tokens to use the Coordination Layer or make blind computation requests, making it possible to manage network resources.
Economics of Petnet Clusters: Infrastructure providers join clusters to facilitate blind computation, with secure storage being rewarded in NIL for providing resources to the network.
Network Governance: NIL holders can stake to vote on on-chain proposals on the Coordination Layer or delegate their voting power to others.
