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Nimiq in a Nutshell
Nimiq is a Blockchain Ecosystem for payments designed to make cryptocurrencies easy to use for everyone without compromising decentralization
Designed with mass adoption in mind: NIM is the easiest crypto to use. Buy/sell from a bank account, swap for BTC, manage and stake directly with no software download, no installation, no plugin, no personal data required. Just open a website and it works!
Safe and true to the spirit of crypto: 100% non-custodial. Your keys – your coins.
Nimiq invented the fiat-crypto atomic swap! Atomic swaps between crypto like NIM (ETH coming soon) and fiat currencies like EUR (USD next) with no registration or sign-up are now possible. Earned swap fees are converted to NIM and held to create scarcity.
Nimiq is moving to PoS: Nimiq created Albatross, a new, super-fast Proof-of-Stake consensus algorithm that will launch together with an upgrade of the Nimiq Blockchain. Moving to PoS is also about overcoming the environmental burden caused by the electricity consumption of PoW.
Performance and Scalability: We expect ~1000 TPS and finality in one second, pushing to the theoretical limits of single-chain blockchain protocols.
Nimiq’s “super-halving”: The transition to Proof-of-Stake will reduce the emission rate from currently ~3000 NIM to only ~525 NIM per minute.
Easy staking: With a minimum stake of 1000 NIM, everyone can become a validator and enjoy a reward of around 6% per year. Delegate Staking will also be supported for those who want to get rewards directly in their browsers, without running their own validator.
Crypto for everyone: Nimiq’s ecosystem apps are built for people without crypto or tech knowledge. We avoid crypto lingo and put extra effort into the design and experience of the Nimiq apps to create a decentralized experience with the convenience of modern apps.
Everyone is a peer: The Nimiq Wallet connects directly to the blockchain and enables everyone to broadcast and receive transactions from the network themselves without depending on full nodes in the network as it’s done in Bitcoin and others.
The Vision
Barrier-free value exchange for everyone.
The Mission
Enable the most accessible, censorship-resistant payment solutions.
| General | Bitcoin | Ethereum | Visa | Nimiq PoS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Primary use case | Store of value, censorship-resistant payments | Distributed computing platform, smart contracts | Convenient but restricted and centralized access | Accessible and censorship-resistant payments | |||||
| User interaction | App or website relying on a third-party service/gateway or installing your own node | Proprietary system with limited security + fraud protection measures | Installation free web-app that runs your own light node inside your browser | ||||||
| Javascript bindings | Yes, but require third-party gateway | No, proprietary payment provider solutions only | Yes, natively | ||||||
| Onboarding time (non-custodial wallet) | Several minutes | Several minutes | Minutes to several days | Less than 20 seconds | |||||
Disclaimer
None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or investment product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any investment advice or service. All statements contained in statements made in Nimiq’s web pages, blogs, social media, press releases, or in any place accessible by the public, and oral statements that may be made by Nimiq or project associates that are not statements of historical fact, constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results, performance, or achievements to be materially different from any future results, performance, or achievements expected, expressed, or implied by such forward-looking statements.