What Is Nimiq?
Nimiq is a decentralized and censor-resistant banking system that uses the NIM coin for transactions. This platform differs from its rivals in its innovative browser-based approach. That's why users can connect directly to the blockchain via a web browser and have no intermediaries.
Nimiq Cryptocurrency Brief History
The project was developed with funds raised during an ICO in 2017 by the Nimiq Foundation, registered in Switzerland. The Nimiq core network was released on April 14, 2018.
Testing of the Nimiq 2.0 network began in late 2019, with a complete transition in 2021. This version has a Hybrid Model where the Accounts Tree lets members access all transactions easier and get all advantages of an account-based model.
Features Of The Project
Nimiq is the first blockchain-based browser. So, Nimiq-based applications can be opened directly in the browser, locally, without downloading any extra programs or server-side applications. If a user has a server-side app, he should use the Nimiq Node.js client.
What Is NIM Token?
The NIMIQ token is a native Nimiq coin. A total of 2.52 billion tickets were created during the release of the Mainnet.
This end goal is the same as other cryptocurrencies such as Bitcoin, Litecoin, and many others. However, the truth is that no cryptocurrency can be considered real digital cash right now.
The reason is that many merchants still don't accept it, which makes it nearly impossible to buy anything with cryptocurrencies.
How To Mine Nimiq Crypto?
NIMIQ mining can be done via the NIMIQ Desktop Miner. So, it's possible to get tokens in the background while working. To start mining, users have to paste their wallet code and preferred mining pool information.
Nimiq Wallet
After that, it's possible to use hardware wallets, such as Ledger Nano S. What's more, developers will release their native mobile app in 2021. This NIMIQ wallet will provide all features of Nimiq 2.0, OASIS, and FastSpot.
Ways To Use Nimiq?
There are several ways to use NIMIQ cryptocurrency:
- Online banking.
- Digital Money.
- Donations.
- Vote with NIMIQ.
Nimiq Price Prediction
After the platform was launched, the NIMIQ price didn't change for a long time. Yet, it started growing in the middle of 2021. Now it's still rising, and it will get higher if the developers achieve their goals.
In 2021, the team will upgrade Nimiq 2.0, add private transactions on their blockchain and release the FastSwap widget that will allow users to see a current NIMIQ coin price and buy this token directly from their bank accounts.
When Nimiq 2.0 is released, developers are going to concentrate on a UTXO-Tree. It's a combination of the BTC UTXO scheme and ETH Accounts Tree.
Nimiq Summary
Overall, NIMIQ has all chances to become a rival for more popular digital assets. However, it remains to be seen if the system is ever completed and if Nimiq ever gets the recognition it seeks.
How To Buy Nimiq Coin?
NIMIQ coin exchange is available on over a dozen platforms, including stealth. It allows everyone to buy NIMIQ with no registration.
The process takes just a few minutes, go to StealthEX.io and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, ETH to NIM.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the business.
- Receive your NIM coins.
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