Nillion Network: How It Works and Tokenomics

Bittime - Nillion Network comes with a different approach from traditional blockchain. This blockchain offers safer computing and data storage solutions. Then, awhat is Nillion? Check the review in this article.

Here, you can also find out how it works and tokenomics Nillion Network. This article will discuss in depth the technology behind Nillion (NIL coin) as well as its important role in the modern digital ecosystem. Sread the following comments!

What is Nillion Network?

Source: Nillion Network

Nillion Network is a decentralized network that enables secure data storage and computing without the need to entrust information to one party. 

Different from traditional blockchains, Nillion uses advanced cryptographic techniques. This is to ensure data security as well as unlock the potential for new innovations in the digital world.

The technology developed by Nillion is not only useful in the crypto ecosystem. However, the blockchain also uses other sectors such as artificial intelligence (AI), healthcare, and sensitive data management. 

With a flexible and modular approach, this network provides developers with the opportunity to create more robust and secure applications.

Read also: What Are Cryptocurrencies Used in Sandbox Games?

Nillion Network Architecture

Nillion Network consists of two main components in its architecture. Below is the explanation:

1. Petnet: A network responsible for data storage and processing with privacy technologies such as Secure Multi-Party Computation (MPC) and Homomorphic Encryption (HE).

2. NilChain: Cosmos SDK based blockchain used to manage payments and participation incentives in the network.

With the combination of these two elements, Nillion allows its users to perform various computing operations without needing to reveal the original data.

How Nillion (NIL) Works

Source: Coin Engineer

One of the main concepts in Nillion is Blind Computation, which is a technique that allows processing data without having to decrypt it first. This method is much safer than traditional systems that usually carry out the process decrypt-process-re-encrypt which could expose sensitive information.

To facilitate this, Nillion uses Blind Modules, which is a collection of privacy technologies packaged in a form that is easily accessible to developers. 

With this technology, a variety of applications can be built, from secure medical data storage to large-scale encrypted data analytics.

Read also: What is Walrus Protocol ($WAL): How it Works, Benefits, and Economic Model

History of Nillion (NIL)

Nillion was founded by Andrew Masanto, Miguel de Vega, Alexander Page, and Andrew Yeoh. The initial idea came when Dr. Miguel de Vega discovers new innovations in personal data protection. 

Together with a team of former Uber engineers, Indiegogo founders, and legal experts from Coinbase, they built a network now known as the Nillion Network.

About NIL Coin

$NIL is the primary token in the Nillion Network ecosystem. These tokens are used for various functions, including:

• Service payment: Access network resources and pay transaction fees.

• Blind computing: Used for secure data storage and processing services.

• Staking: Token holders can stake $NIL to support network security and earn rewards.

• Governance: Owners of $NIL have the right to participate in decision making and network development.

Tokenomics Nillion (NIL)

Source: Coin Engineer

The total supply of $NIL tokens is 1 billion. Following are the detailed tokenomics of Nillion Network:

• Ecosystem dan R&D (29%): Supports network growth and developer incentives.

• Community (20%): Allocated for user incentives and grant programs.

• Protocol Development (10%): Used for long-term research and development.

• Early Supporters (21%): Given to early investors in the funding stage.

• Core Contributors (20%): Given to the team and key advisors.

In the initial stages, $NIL distribution will be carried out through airdrops and community allocation, before gradually entering the wider ecosystem.

Read also: What is Immortal Token ($IMT)? Immortal Rising 2 Game Crypto Project

Conclusion

Nillion Network brings new innovation to the crypto world with blind computing technology that enables data processing without compromising privacy. 

With a strong ecosystem and tokenomics that support long-term growth, Nillion has the potential to become one of the most influential projects in data security and decentralization.

That is a review of what the Nillion Network from Bittime is. So, interested in this crypto project?

FAQ

1. What are Nillion's main advantages over traditional blockchains?

Nillion not only provides decentralization, but also data security through Blind Computation technology that allows data processing without decryption.

2. How to get NIL tokens?

NIL tokens can be earned through staking, community incentives, or purchasing them on crypto exchanges that support them.

3. Is Nillion only for the crypto industry?

No, Nillion technology can be used in various sectors such as healthcare, AI and sensitive data management.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

Coin Engineer, What is Nillion (NIL)? What Does it Do?, accessed March 26, 2025.

Nillion Network, Website Resmi Nillion Network, accessed March 26, 2025.

Author: Y