Everything you need to know about $NIL and its launch on Binance!

🚀What is Nillion?

Nillion is a decentralized network that uses a new technology called Nil Message Compute (NMC) to provide secure data storage and processing while preserving privacy. Unlike traditional blockchains, it does not rely on communication between nodes for computation, making it faster and more scalable. Its focus is on "blind computation," enabling calculations to be performed on encrypted data without ever decrypting it, using advanced techniques such as Secure Multi-Party Computation (MPC) and homomorphic encryption.

The network has two main layers: the Coordination Layer (for governance and payments) and the Petnet (for computation and storage). The $NIL token is used for fees, staking, governance, and access to services. Founded in 2021 by former executives from companies like Goldman Sachs, Uber, and Hedera, Nillion has already raised over $20 million. It aims to revolutionize the use of sensitive data in areas such as private AI, healthcare, and finance, serving as an infrastructure that can integrate with existing blockchains or operate independently, with theoretical security against quantum attacks. The token launch is scheduled for March 25, 2025.