What is Nimiq?

"Nimiq is a frictionless peer-to-peer payment protocol for the World Wide Web. It is a third-generation Blockchain protocol combining elements of Bitcoin and Ethereum, streamlined for the web platform. And without a doubt, it is open source and fully decentralized.

Browsers are first-class citizens in the Nimiq distributed network. They are able to establish consensus with the network, and enable true peer-to-peer payments from within, all without a trusted third party. In comparison to conventional cryptocurrencies, this browser-first approach lowers barriers of entry by orders of magnitudes for developers, customers, and merchants.

The main challenge of a web-based Blockchain is to translate the core Blockchain components to the web platform:

-Network for establishing P2P connections.
-Storage for persistent keys and Blockchain data.
-Crypto for hashing, signing and verifying."

-Nimiq.com
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General

TICKER SYMBOLS
NET
ICO / CROWDSALE
June 28, 2017 @ 01:00 PM - July 08, 2017 @ 12:20 PM
CURRENT PRICE
$0.115256
Updated 2 months ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$5.04
2 years ago
CREATOR
Robin Linus
CREATOR
Philipp von Styp-Rekowsky
CREATOR
Elion Chin

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (10,500,000 coins)
PRE-MINED / RESERVED
Yes
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
HASHING ALGORITHM
SHA-256
DIFFICULTY ADJUSTMENT
Every 10 blocks (~10 minutes)

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