Project NuCypher Simplified Information
Project "NuCypher" sent its backbone regulation and, in a similar event, transferred 222.5 million NU to agreement officials regarding the Ethereum metric they checked.
The security project 'NuCypher' which is located in the security post sent the planned backbone organization, which will serve as the basis for getting the decentralized applications up and running.
The NuCypher blockchain is a PoS-based blockchain where examiners are compensated in NU digital currency.
Prior to dispatching the organization, the group reported an alleged "WorkLock" an element that enables Ethereum to be secured in the organization's commerce to become examiners of "NuCypher".
Over 2,000 distinguished reviewers have earned over 350,000 Ethereum in "WorkLock" contracts.
On sending the primary organization, 222.5 million NU of the advanced monetary standards were allocated out of the total billion.
Project evaluators at NuCypher who have shown an interest in WorkLock have started earning NU crypto forms of money in relation to the Ethereum metric they have saved.
The newly approved advanced monetary forms will remain 'closed' for the next half year, subject to WorkLock terms.
Residents will profit by the assumed closing criteria because members of "WorkLock" will not approach ETH and NU for the next half year.
However, they, accordingly, will naturally receive the prizes purchased from the distribution.
About the NuCypher Project:
The NuCypher project relies on the use of cryptography in exchanges, and allows engineers to create decentralized applications that keep security by channeling cool agreement information through the NuCypher blockchain.
All blockchain information will be openly and freely available, which means that it is not ideal for certain applications, for example, banking or medical services, that require accurate information concealment.
The "NuCypher" project was backed by some speculative reserves, mostly:
Y Combinator, Polychain Capital, Arrington XRP Capital, and Bitmain.
