What Is Nillion (NIL)?
Nillion is a decentralized network designed to enhance data privacy and security through the use of advanced cryptographic techniques. Unlike traditional blockchains, which often require data to be decrypted for processing, Nillion utilizes a concept called “blind computation” to keep data encrypted throughout its entire lifecycle—during storage, transmission, and computation. This approach aims to address the growing demand for secure data processing in sectors such as AI, healthcare, and decentralized finance (DeFi). Nillion's platform uses privacy-enhancing technologies (PETs) like Secure Multi-Party Computation (MPC) and Homomorphic Encryption (HE) to enable secure computations on encrypted data, ensuring that sensitive information remains private at all times.
How Nillion Works
Nillion operates through two main components: the Petnet, a network of decentralized nodes that perform computations on encrypted data, and nilChain, a blockchain used to coordinate network activity, manage payments, and handle governance. The Petnet utilizes various privacy-enhancing technologies, such as MPC and HE, to process data without exposing it to the computing nodes. The nilChain is built to support the network’s coordination layer, ensuring smooth interaction between nodes, including rewards for participants and staking for network security. The Nillion platform also offers several tools, like nilDB (a secure database) and nilAI (a secure AI computation platform), allowing developers to build privacy-preserving applications.
Who Are the Founders of Nillion?
Nillion was founded by Alex Page and Miguel de Vega, along with a team of cryptographers, engineers, and blockchain experts.
How Many Nillion (NIL) Tokens Are in Circulation?
NIL, the native token of the Nillion ecosystem, is available on various exchanges. It has a total supply of 1 billion tokens.
How to Buy Nillion (NIL) on Bitget?
Consider investing in Nillion (NIL)? Follow these steps:
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Verify your identity.
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Deposit funds.
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Check out the available Nillion trading pairs on Bitget.
Is Nillion a Good Investment?
Investing in Nillion carries the typical risks associated with emerging technologies, especially those related to data privacy and blockchain innovation. While its unique approach to secure data processing shows promise, potential investors should carefully evaluate its long-term viability and market adoption before making any decisions.
Simple 3-step guide to buying NIL today in Cape Verde
Create your free Bitget account
Select a funding method
Complete your Nillion purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Nillion using a payment method of your choice:
Buy Nillion with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Nillion order.
How to buy crypto with credit/debit cardBuy Nillion with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Nillion is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Nillion order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Nillion order.Buy Nillion with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Nillion order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Nillion in your Bitget spot wallet
Bitget—where the world trades Nillion
How to buy Nillion for free
- Learn how to earn Nillion for free through the Learn2Earn promotion
- Earn free Nillion by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Nillion airdrops by joining ongoing challenges and promotions
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FAQ
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The Republic of Cabo Verde, sometimes known as Cape Verde or Cabo Verde, is an island nation in the central Atlantic Ocean that is made up of ten volcanic islands. Cape Verde's population is 569,625, and its official currency is Cape Verdean Escudo (CVE). It will only take a few minutes to buy Nillion(NIL) and other cryptocurrencies on the Bitget platform using P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.
Cape Verde has some stunning cities and islands, such as Praia, Mindelo, Espargos, and Assomada and the most exciting part is whatever city you find yourself in, Bitget will be there to serve you and make your crypto journey easy and seamless. The official Languages of Cape Verde are Portuguese, Cape Verdean Creole, and English, and the Bitget app and website are available in English and Portuguese.
The Cape Verde Islands are situated 450 kilometers (280 miles) off the west coast of Africa in the middle of the Atlantic Ocean. Dry grasslands and tall, active volcanoes can be seen in the scenery, along with cliffs that rise sharply from the sea. The environment is dry. 4,033 km2 is the total area (1,557 sq mi). The Cape Verde Islands attained complete independence on July 5, 1975. Cape Verde has some beautiful attractions such as Praia de Santa Maria, Pedra Lume Salt Crater, Praia de Chaves, Projeto Biodiversidade, Viveiro, Botanical Garden, and many more.