Nimiq Price (NIM)

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$0.001311.02%1D
Kucoin
NIM
USD
1 NIM =$0.0013Last updated:
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Price of Nimiq (NIM) today

As of the latest data, Nimiq (NIM) is currently priced at $0.0013 with a market capitalization of $17.60M. The 24-hour trading volume stands at $141.48K, The circulating supply of Nimiq is approximately 10.45B. The cryptocurrency has seen a 11.02% increase in value over the past 24 hours.

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About Nimiq (NIM)

The asset with ID 522, known as Nimiq (NIM), is a digital currency that offers fast and secure transactions on the blockchain. Nimiq aims to simplify the process of using cryptocurrencies for everyday transactions, making it accessible to a wider audience. With a focus on user-friendly features, Nimiq allows for easy integration into various applications and platforms.

One of Nimiq's key features is its browser-based blockchain, which enables users to access their funds and make transactions directly from their web browser without the need for additional software or plugins. This technology enhances the overall user experience and eliminates barriers to entry for those new to cryptocurrencies.

Nimiq also prioritizes decentralization and security, utilizing a proof-of-work consensus algorithm to validate transactions and secure the network. This ensures that transactions are processed efficiently and securely, maintaining the integrity of the blockchain.

Overall, Nimiq's main use case is as a digital currency for everyday transactions, offering a fast, secure, and user-friendly experience for both individuals and businesses looking to utilize cryptocurrencies in their daily activities.

How does Nimiq work?

Nimiq is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing for fast and secure transactions without the need for intermediaries. It utilizes a blockchain technology that enables users to send and receive NIM tokens directly to one another. Nimiq employs a consensus mechanism called Albatross, which ensures the network's security and efficiency by rewarding users who participate in the validation process. One of Nimiq's unique features is its browser-based wallet, making it accessible to anyone with an internet connection. This accessibility, combined with its low fees and fast transaction speeds, makes Nimiq ideal for everyday use and microtransactions. Its potential applications span across various industries, including e-commerce, gaming, and remittances, offering a decentralized alternative to traditional financial systems.

How to keep your Nimiq (NIM) safe?

To keep your Nimiq (NIM) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, trusted platforms like Kucoin offer secure storage options and two-factor authentication to protect your NIM holdings. By utilizing these advanced security measures, you can safeguard your digital assets and have peace of mind knowing your NIM is safe from potential threats.

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