Nilong Nil token dips 12% after launch, but ‘Blind Computing’ of the network holds a promise for data privacy and AI successes

Private computation and storage network Nillion, called “Blind Computer,” Debuted This Mainnet and native token on Monday.

However, the token’s capital capital dropped 12% in the first 24 hours in conjunction with the ongoing list of major exchanges, including South Korea’s Bithumb and optimism in the analyst community about long -term project prospects.

The Nil debuted with a total supply of 1 billion, of which 19.52% or 195.15 million Nils aired the community on the first day, resulting in a market capitalization of and inception of over $ 165 million.

Since then, its market value has dropped 12% to $ 144.93 million, with the token that changes hands to 74 cents to major exchanges, such as Binance, Gate.Io, Mexc, Bitget and others, according to data source resources Co ringecko.

Earlier on Tuesday, Bithumb, one of the largest crypto exchanges in Altcoin-Savvy South Korea, announced The Nil-Korean pair list won a pair on its platform.

Nillion’s blind computing

Nillion is a decentralized platform designed to support the private, high cost of data storage and calculation, and it works in the same way as blockchains that decentralized the transactions.

But there is a catch. Unlike blockchains dedicated to transparent ledgers, Nillion uses the Nil Message Compute (NMC), which gives up the calculations on the Denenpted data without exposing it (decrypting), ensuring that no one node or party has access to sensitive data.

Network architecture combines a layer of coordination called Nilchain and Petnet, along with the latter using technologies that enhance privacy such as multi-party calculation, fully homomorphic encryption and trusted implementation environments to deliver data security.

This so -called blind computing is different traditional methods that require decryption before processing, which exposes sensitive data, such as personal health/financial information, security and misuse threats.

Pivotal for Ai Boom

Nillion addresses the ongoing challenge of data privacy issues and confidence in sectors such as artificial intelligence (AI) – personal assistants and health care – private orders of decentralized finances and more.

“Nillion is the deal with the biggest hurdle of AI: Trust. By weaving the cutting-edge privacy tech in a seamless spine for AI. If Nillion can make it easy to use because it is powerful, they will be the power of the next wave of adoption,” Yau Teng Yan, founder and chief changes Says In a detailed post on X.

“The revolution in privacy is just beginning,” Yan added.

Bullish tokenomics

The Nil token is the cryptocurrency management used to pay network fees for blind calculation and payment throughout the Nillion and Petnet coordination, securing the network by staking and participating in the on-chain management module.

“The economy of Nil’s token is designed for adoption. Nil will empower the network, securing operations while driving a burned-based demand as scales of use,” Yan said.