Introduction to Nillion

Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC), which allows nodes in a decentralized network to operate in a unique, non-blockchain manner. Nillion unlocks important new utilities in Web3 by enabling decentralized credit scoring, decentralized trusted execution environments, private NFTs, decentralized secure storage services, and more.

Nillion Team

• Alex Page: CEO of Nillion. Former Goldman Sachs investment banker and general partner of Hedera SPV.

• Miguel de Vega: Co-founder and Chief Science Officer of Nillion. Since 2008, he has been innovating in blockchain and distributed technologies, cryptography, and deep learning. He has filed over 30 patents in his career, with 7 of them still used today to optimize information flow on high-capacity fiber optic cables (e.g., transatlantic cables). He has created mathematical models for various types of networks, including mobile, wireless, self-organizing, satellite, and fiber optic networks for major IT companies, designed domain-specific languages for some of the world's largest banks, as well as machine learning algorithms and cryptographic protocols for multiple startups. Miguel holds a Ph.D. in Mathematics from the Free University of Brussels and a Master's degree in Engineering from the Technical University of Madrid.

• Andrew Masanto: Serial entrepreneur and investor. Andrew is recently active in blockchain, co-founder of NFT.com and Nillion, and previously the founding Chief Marketing Officer of Reserve and Hedera Hashgraph.

• Mark McDermott: Founding team member and Chief Operating Officer of Nillion. Former head of innovation partnerships at Nike.

• Andrew Yeoh: Chief Marketing Officer of Nillion. He was a founding team member of Metalink and a general partner of Hedera SPV.

• Lukas Bruell: Head of Ecosystem at Nillion, leading the development of the Nucleus project. Lukas is also a co-founder of Eczodex and has extensive experience in founding and partnering with multiple organizations. Lukas holds a Master's degree in Business and Entrepreneurship from the University of Cambridge and a Master's degree in Data Analytics from Imperial College London.

Nillion Financing

• On December 12, 2022, Nillion completed a $20 million Series A financing round, with participation from Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. After this round of financing, the valuation of the Nillion project reached $400 million!

• On October 30, 2024, Nillion completed a $25 million financing round, with participation from Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Jordi Alexander, Ansem, and Fiskantes.

Key Features and Advantages of Nillion

• Enhanced Security: Nillion uses advanced cryptographic techniques such as multi-party computation (MPC), fully homomorphic encryption (FHE), and zero-knowledge proofs (ZKP) to ensure secure data processing.

• Efficiency: By avoiding traditional blockchain structures, Nillion can process data more quickly and efficiently.

• Scalability: Nillion's architecture allows it to scale effectively, handling increasing amounts of data without compromising performance.

• Privacy: Nillion ensures the confidentiality of user data and protects it from unauthorized access.

• Flexibility: The network supports a variety of applications, ranging from personalized artificial intelligence to decentralized trading and identity management.

Applications of Nillion

• Personalized Artificial Intelligence: Nillion supports the secure training and inference of AI models, enabling personalized AI applications to protect user privacy. This is particularly important in the healthcare field, as it allows for the safe analysis of patient data to develop customized treatment plans.

• Decentralized Trading: Nillion supports secure decentralized trading platforms, ensuring that trading strategies and details remain private. This reduces the risk of malicious activities (such as front-running), making trading safer and more trustworthy.

• Identity Management: Nillion's secure data processing is well-suited for identity management solutions. It can verify identities without exposing sensitive information, suitable for digital authentication and secure login systems.

• Internet of Things, Agriculture, and Supply Chain: Nillion can securely process data from IoT devices, agricultural sensors, and supply chain systems. This ensures the confidentiality and integrity of data, enhancing decision-making capabilities and operational efficiency.

• Quantum-Secure Messaging: Nillion provides a platform for quantum-secure messaging, protecting communications from quantum computing threats. This is crucial for industries that require high confidentiality, such as finance and healthcare.

• Medical Analytics: Nillion can safely analyze medical data, allowing researchers to gain insights while protecting patient privacy. This could lead to advancements in medical research and better patient outcomes.

Nillion Token Economics

$NIL is the utility token of the Nillion network, with a total supply of 1 billion, allocated as follows:

• Securing the Coordination Layer: Staking NIL tokens grants voting rights to protect the network and determine the set of effective validators through a delegated proof-of-stake mechanism.

• Managing Network Resources: Users pay NIL tokens to use the coordination layer or make blind computing requests, thereby facilitating efficient resource management.

• Petnet Cluster Economy: Infrastructure providers join clusters to facilitate blind computing. They are rewarded with NIL tokens for providing secure storage and resources to the network.

• Network Governance: NIL holders can stake their tokens to vote on on-chain proposals within the coordination layer or delegate their voting rights to others.

Future Development of Nillion

Privacy is one of the most valuable assets in the future digital economy, and Nillion's technology not only addresses data privacy protection but also paves new ways for data computing without sacrificing privacy. This will give rise to more innovative applications based on blind computing, such as privacy-preserving AI models, medical collaboration platforms, and secure code analysis between enterprises.

Nillion's blind computing technology solves the core bottleneck in the current development of Web3 - data privacy protection. Its unique Curl protocol, modular architecture design, and wide range of application scenarios make it an important force in driving the development of Web3 and privacy computing infrastructure.

In the future, Nillion has the potential to become one of the key technological pillars in the digital economy. By expanding its ecosystem and deepening its technological capabilities, Nillion may lead the new era of privacy computing and build a secure and efficient data interaction world for us.

Introduction to Nillion

Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC), which allows nodes in a decentralized network to operate in a unique, non-blockchain manner. Nillion unlocks important new utilities in Web3 by enabling decentralized credit scoring, decentralized trusted execution environments, private NFTs, decentralized secure storage services, and more.

Nillion Team

• Alex Page: CEO of Nillion. Former Goldman Sachs investment banker and general partner of Hedera SPV.

• Miguel de Vega: Co-founder and Chief Science Officer of Nillion. Since 2008, he has been innovating in blockchain and distributed technologies, cryptography, and deep learning. He has filed over 30 patents in his career, with 7 of them still used today to optimize information flow on high-capacity fiber optic cables (e.g., transatlantic cables). He has created mathematical models for various types of networks, including mobile, wireless, self-organizing, satellite, and fiber optic networks for major IT companies, designed domain-specific languages for some of the world's largest banks, as well as machine learning algorithms and cryptographic protocols for multiple startups. Miguel holds a Ph.D. in Mathematics from the Free University of Brussels and a Master's degree in Engineering from the Technical University of Madrid.

• Andrew Masanto: Serial entrepreneur and investor. Andrew is recently active in blockchain, co-founder of NFT.com and Nillion, and previously the founding Chief Marketing Officer of Reserve and Hedera Hashgraph.

• Mark McDermott: Founding team member and Chief Operating Officer of Nillion. Former head of innovation partnerships at Nike.

• Andrew Yeoh: Chief Marketing Officer of Nillion. He was a founding team member of Metalink and a general partner of Hedera SPV.

• Lukas Bruell: Head of Ecosystem at Nillion, leading the development of the Nucleus project. Lukas is also a co-founder of Eczodex and has extensive experience in founding and partnering with multiple organizations. Lukas holds a Master's degree in Business and Entrepreneurship from the University of Cambridge and a Master's degree in Data Analytics from Imperial College London.

Nillion Financing

• On December 12, 2022, Nillion completed a $20 million Series A financing round, with participation from Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. After this round of financing, the valuation of the Nillion project reached $400 million!

• On October 30, 2024, Nillion completed a $25 million financing round, with participation from Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Jordi Alexander, Ansem, and Fiskantes.

Key Features and Advantages of Nillion

• Enhanced Security: Nillion uses advanced cryptographic techniques such as multi-party computation (MPC), fully homomorphic encryption (FHE), and zero-knowledge proofs (ZKP) to ensure secure data processing.

• Efficiency: By avoiding traditional blockchain structures, Nillion can process data more quickly and efficiently.

• Scalability: Nillion's architecture allows it to scale effectively, handling increasing amounts of data without compromising performance.

• Privacy: Nillion ensures the confidentiality of user data and protects it from unauthorized access.

• Flexibility: The network supports a variety of applications, ranging from personalized artificial intelligence to decentralized trading and identity management.

Applications of Nillion

• Personalized Artificial Intelligence: Nillion supports the secure training and inference of AI models, enabling personalized AI applications to protect user privacy. This is particularly important in the healthcare field, as it allows for the safe analysis of patient data to develop customized treatment plans.

• Decentralized Trading: Nillion supports secure decentralized trading platforms, ensuring that trading strategies and details remain private. This reduces the risk of malicious activities (such as front-running), making trading safer and more trustworthy.

• Identity Management: Nillion's secure data processing is well-suited for identity management solutions. It can verify identities without exposing sensitive information, suitable for digital authentication and secure login systems.

• Internet of Things, Agriculture, and Supply Chain: Nillion can securely process data from IoT devices, agricultural sensors, and supply chain systems. This ensures the confidentiality and integrity of data, enhancing decision-making capabilities and operational efficiency.

• Quantum-Secure Messaging: Nillion provides a platform for quantum-secure messaging, protecting communications from quantum computing threats. This is crucial for industries that require high confidentiality, such as finance and healthcare.

• Medical Analytics: Nillion can safely analyze medical data, allowing researchers to gain insights while protecting patient privacy. This could lead to advancements in medical research and better patient outcomes.

Nillion Token Economics

$NIL is the utility token of the Nillion network, with a total supply of 1 billion, allocated as follows:

• Securing the Coordination Layer: Staking NIL tokens grants voting rights to protect the network and determine the set of effective validators through a delegated proof-of-stake mechanism.

• Managing Network Resources: Users pay NIL tokens to use the coordination layer or make blind computing requests, thereby facilitating efficient resource management.

• Petnet Cluster Economy: Infrastructure providers join clusters to facilitate blind computing. They are rewarded with NIL tokens for providing secure storage and resources to the network.

• Network Governance: NIL holders can stake their tokens to vote on on-chain proposals within the coordination layer or delegate their voting rights to others.

Future Development of Nillion

Privacy is one of the most valuable assets in the future digital economy, and Nillion's technology not only addresses data privacy protection but also paves new ways for data computing without sacrificing privacy. This will give rise to more innovative applications based on blind computing, such as privacy-preserving AI models, medical collaboration platforms, and secure code analysis between enterprises.

Nillion's blind computing technology solves the core bottleneck in the current development of Web3 - data privacy protection. Its unique Curl protocol, modular architecture design, and wide range of application scenarios make it an important force in driving the development of Web3 and privacy computing infrastructure.

In the future, Nillion has the potential to become one of the key technological pillars in the digital economy. By expanding its ecosystem and deepening its technological capabilities, Nillion may lead the new era of privacy computing and build a secure and efficient data interaction world for us.