Name: Nillion
Brand: Nillion
SKU: NIL
Price: 0.057 USD
Availability: InStock

Question 1

What is Nillion (NIL)?

Accepted Answer

Nillion (NIL) is the first Blind Computer — a private computation and storage network that leverages Privacy-Enhancing Technologies (PETs) to enable computation and storage on data while preserving privacy. This makes possible advanced use cases such as private personalized AI, encrypted databases, and privacy-preserving applications.

Question 2

What differentiates Nillion (NIL) from other tokens?

Accepted Answer

Nillion distinguishes itself by using Privacy-Enhancing Technologies (PETs) to perform computation on encrypted data without exposing the data itself, a process known as "blind computation." Unlike typical data processing systems, Nillion decentralizes trust for sensitive data, distributing data across multiple nodes to maintain privacy via Information-Theoretic Security. Its multi-layer architecture — including a Processing Layer forming compute clusters, a streamlined blockchain-based Coordination Layer, and a Connectivity Layer interfacing with external systems — supports secure, private AI and decentralized applications inaccessible to traditional networks.

Question 3

What is the utility of Nillion (NIL)?

Accepted Answer

The NIL token serves as the native utility token within the Nillion network, used for paying network fees related to blind computation and coordination, staking to secure the network, and participating in on-chain governance. It grants access to key Nillion modules and services including nilDB (an encrypted distributed database), nilAI (AI privacy-focused technologies like a secure AI Virtual Machine co-developed with Meta), and nilVM (a virtual machine with libraries for AI developers to write web3 programs in Python and JavaScript).

Question 4

What does the Nillion (NIL) whitepaper promise?

Accepted Answer

Nillion's whitepaper promises a revolutionary approach to securing private data through "blind computation," enabling data to be computed and analyzed while remaining encrypted. This overcomes the traditional vulnerabilities of decrypt-compute-reencrypt cycles. It details a dual-layer network architecture and advanced blind modules that allow for confidential processing and storage of sensitive data. By decentralizing trust and using advanced cryptographic security standards, Nillion aims to unlock new, privacy-preserving web3 use cases across AI, decentralized physical infrastructure networks (DePIN), and more.

Question 5

What consensus mechanism does Nillion (NIL) use?

Accepted Answer

Nillion operates a unique consensus mechanism via a dual-layer network architecture consisting of a Processing Layer and a Coordination Layer. The Processing Layer consists of nodes forming compute clusters that distribute trust by securely processing encrypted data, while the Coordination Layer is a streamlined blockchain execution environment that supports intra-node coordination, payments, and resource requests. This approach leverages Privacy-Enhancing Technologies (PETs) and Information-Theoretic Security to decentralize trust for sensitive data without revealing it, enabling blind computation securely across the network. This innovative architecture underpins Nillion’s consensus and secure data processing.

Question 6

Who created Nillion and why?

Accepted Answer

Nillion was co-founded by Andrew Masanto, Miguel de Vega, Alexander Page, Andrew Yeoh, and Tristan Litré. The project was born from Miguel de Vega's breakthrough innovation around securing private data in 2021, which Andrew Masanto, co-founder of Hedera Hashgraph, supported and helped develop with his network of experts, including former investment bankers and technology leaders. They created Nillion to address the urgent need for privacy-preserving data processing in emerging ecosystems such as personalized AI and decentralized data services, securing sensitive data using Privacy-Enhancing Technologies.

Question 7

How do I use the Nillion (NIL) token?

Accepted Answer

The Nillion token ($NIL) is the native utility token of the Nillion network and is used for several critical functions:

Paying network fees for blind computation and transactions across both the Coordination Layer and the Petnet.
Staking to secure the network’s operation and governance.
Participating in onchain governance modules.

Holding NIL tokens enables access to Nillion’s privacy-focused services such as:

nilDB: encrypted databases with calculations performed on encrypted data split across multiple nodes.
nilAI: AI privacy technologies including the AI Virtual Machine co-developed with Meta for private AI model inference.
nilVM: a virtual machine simplifying programming for AI developers with familiar languages like Python and JavaScript.

In summary, $NIL is essential for using and securing the Nillion blind computer network, enabling private data computation, storage, and AI applications.

Question 8

Where do I buy the Nillion (NIL) token?

Accepted Answer

You can buy the cryptocurrency Nillion (NIL) token on various centralized and decentralized exchanges, including platforms like MEXC, where NIL was officially listed on March 24, 2025. For the best availability, check exchange listings tied to NIL and use trading pairs such as NIL/USDT.

Question 9

What problem or need does Nillion aim to address?

Accepted Answer

Nillion addresses the critical problem of data privacy and trust by enabling computation and storage on encrypted data without compromising privacy. Its innovative "blind computing" technology allows sensitive information to be processed securely, overcoming vulnerabilities in traditional decrypt-compute-reencrypt methods. This opens up possibilities for private personalized AI, encrypted databases, privacy-preserving applications, and secure data marketplaces, thereby decentralizing trust for sensitive data similar to how blockchains decentralized transactions.

Question 10

Is the Nillion (NIL) open-source, and can I review its code?

Accepted Answer

While the documents do not explicitly state that Nillion's code is open-source, they provide extensive developer resources such as Docs, Demos, Tech Papers, and Developer Tools including the Node Deployment Kit (NDK). These suggest that developers can access detailed technical information and build on the network. For more detailed code access, reviewing these available resources on Nillion's official website would be beneficial.

Question 11

How was the Nillion (NIL) token generated?

Accepted Answer

The NIL token is the native utility token of the Nillion network, designed to facilitate network fees for blind computation, staking to secure the network, and participation in on-chain governance. It was created to provide access to Nillion's modules and services, such as encrypted databases (DB), AI-focused privacy technologies (nilAI), and a web3 programming virtual machine (nilVM). Specific details about initial distribution or minting are not provided in the documents.

Question 12

What is the Nillion (NIL) transaction speed and scalability?

Accepted Answer

Nillion operates a dual-layer network architecture where nodes form compute clusters to distribute trust and securely process data using the Node Deployment Kit (NDK). While explicit transaction speed metrics are not provided in the documents, the network utilizes a Coordination Layer — a streamlined blockchain execution environment — to support intra-node payments and network resource coordination. This setup is designed to efficiently handle blind computation and storage across multiple nodes, enabling scalable private computation on encrypted data without performance bottlenecks typical of traditional systems.

Question 13

Is Nillion (NIL) environmentally friendly in terms of energy consumption?

Accepted Answer

The documents do not provide specific information about Nillion's environmental impact or energy consumption. Therefore, no conclusive details on its environmental friendliness are available based on the provided sources.

Question 14

What is the governance model for Nillion (NIL)?

Accepted Answer

Nillion utilizes an on-chain governance model where holders of the native utility token $NIL participate in governance decisions. The token is used for staking to secure the network and for governance participation through the on-chain governance module, giving token holders influence over network updates, policies, and development.

Question 15

What are the long-term goals and vision for Nillion?

Accepted Answer

Nillion's long-term vision is to decentralize trust for sensitive data similarly to how blockchains decentralized transactions, enabling secure, private data processing to underlie future industries. Its goal is to unlock personalized AI and privacy-preserving applications by enabling computation and storage on encrypted data through Privacy-Enhancing Technologies (PETs). Nillion aims to be the backbone of secure, confidential AI, decentralized physical infrastructure networks (DePIN) such as IoT and supply chains, and to facilitate private data marketplaces and encrypted databases, fostering a new data economy where privacy is an enabler rather than a constraint.

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What is Nillion (NIL)?

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Nillion Price

Top up and invest in seconds!

Market Stats

What is Nillion (NIL)?

What differentiates Nillion (NIL) from other tokens?

What is the utility of Nillion (NIL)?

What does the Nillion (NIL) whitepaper promise?

What consensus mechanism does Nillion (NIL) use?

Who created Nillion and why?

How do I use the Nillion (NIL) token?

Where do I buy the Nillion (NIL) token?

What problem or need does Nillion aim to address?

Is the Nillion (NIL) open-source, and can I review its code?

How was the Nillion (NIL) token generated?

What is the Nillion (NIL) transaction speed and scalability?

Is Nillion (NIL) environmentally friendly in terms of energy consumption?

What is the governance model for Nillion (NIL)?

What are the long-term goals and vision for Nillion?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Nillion reaches certain prices.

Get paid to trade

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