The Nillion network is the first fully decentralized, trustless, and permissionless multi-party computing network that has the potential to transform the way data is stored, authenticated, and interacted with by blockchains, governments, consumers, and institutions. It addresses a major drawback of blockchain technology by introducing Nil Message Compute (NMC), a novel mathematical solution.
These nodes function as a secure, private, and chain-agnostic processing layer that aims to enhance existing blockchains and solve the "blockchain trilemma", while also serving as a public utility provider for both web2 and web3 entities.
Alongside the development of blockchain technology, Secure Multi-Party Computation (SMPC) was also created. SMPC is a cryptographic protocol that splits an algorithm across multiple parties where no individual party can access the data of others, resulting in an unbreakable Information-Theoretic Security (ITS) system. However, SMPC has not been widely adopted due to its slow performance, with a single transaction often taking several hours or even days to finalize.
Nillion solves this performance issue with NMC, which is not just a traditional blockchain or SMPC protocol. NMC allows Nillion to provide fast, scalable, interoperable, private, secure (ITS), and permissionless decentralized information storage and computation, achieving speeds comparable to client-server systems.
Nillion has raised $20M in seed round, being oversuscribed by $14M
Investors: Distributed Global, GSR, Big Brain Holdings, Hashkey, Chapter One Ventures, AU21 Capital, OP Crypto, Hashkey, SALT Fund....
Infrastructure
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