/nim/ - effort posting edition

[Anonymous No.13995299]

>What is Nimiq?
A blockchain based payment protocol.

>What is NIM?
The coin of the Nimiq Network.

>Why should I care?
Nimiq is trying to make a cryptocurrency practical and easy to use for everyone, from farmers in Bangladesh to your mom to reach true adoption.

[Anonymous No.13995309]

>How?
Nimiq is built from scratch around web browsers, you can run a node, create a wallet and even mine directly from Chrome/Firefox/Brave, your private keys are hosted in your browser.
It takes less than 20 seconds to create a Nimiq account for a complete beginner >https://safe.nimiq.com/?onboarding=signup
No email to register, no extension to install, no bullshit.
It will soon possible to send NIM directly through a link with cash links making it even easier to convert new users.

>But why would devs and merchants use it?
Because it’s simple, Nimiq possesses two implementation, one in Rust and one in Javascript (the language of the web) with a corresponding API.
It means that devs can relatively integrate NIM to their websites or apps all in a decentralized manner.

>Most merchants and devs don’t want cryptos, they want fiat
Indeed, that’s why Nimiq is developing OASIS in a collaboration with a german bank.

>How do I get some NIM
1. Mine some with your GPUs/CPUs
2. Buy them on Kucoin/HitBTC/Changelly
3. Use the GetNIM app
4. Read the rest of the post

[Anonymous No.13995315]

WEG Bank AG is a german bank in which Team Nimiq owns a 9.9% of the shares and it will be support Nimiq OASIS (OpenAssetSwapInteractionScheme).

OASIS will enable fiat to directly behave like a token on the blockchain, making stablecoins and payment processors like Bitpay completely obsolete because SEPA would be directly accessible without needing any CEX.

In simple words it means that OASIS is the missing link between the traditional financial system and the crypto system.

Team Nimiq already formalised the design of the layer with Fiducia GAD IT AG and should release something by EOY.
OASIS will support BTC, ETH and NIM.

[Anonymous No.13995321]

Trinkler Software is a company created by Reto Trinkler and Andrea Castiglione. Reto Trinkler is one of the founder of Melonport and is a board member of the Web3 Foundation (the foundation behind Polkadot, Parity and Substrate).

Short story they are developing trade.telegraph, a Cryptocurrency trading message board that will work in synergy with Nimiq OASIS.

But more importantly they are developing with Team Nimiq a new Proof of stake BFTalgorithm called Albatross.

Albatross is able to reach the theoretical maximum of on-chain transaction (1000 - 10 000 tps) and Nimiq will probably adopt it by next year.

>https://arxiv.org/pdf/1903.01589.pdf

[Anonymous No.13995334]

>Keyguard


The Keyguard is in simple terms a way to store your private keys in the local storage of your browser, in an encrypted manner of course.

As a result it’s easy to spend your NIM online while not relying on a third-party without having to rely on an extension like Metamask.

It allows you to sign arbitrary messages too, this could be used by websites to let users identify themselves by a Nimiq account instead of asking for a login, a lot like they let you use your google/facebook account to do so, simply more private.

[Anonymous No.13995343]

>Nano nodes

As already told, Nimiq let you run a node directly into your web browser.
To allow a browser to be directly part of the network Nimiq relies on what are called Nano nodes in parallel of Full nodes and Light Nodes. These nodes rely on Non-Interactive Proofs of Proof-of-Work (NiPoPoW).
This means that you simply don’t need SPV nodes to process payments like other cryptocurrencies, this reinforces decentralisation and privacy.
These nodes communicate with the rest of the network through WebRTC and Websocket.

[Anonymous No.13995355]

>Cross-chain support

Nimiq aims to be a pure payment protocol and not a smart-contract platform, the goal here is to avoid overloading the chain as much as possible and focus on one task to be the best at it instead of trying do everything.
However benefiting from SC functionalities is still considered something very important, that’s why as of today Nimiq already supports atomic swap with Ethereum thanks to Hashed Time Lock Contracts.

[Anonymous No.13995363]

>Checkout

Nimiq Checkout allows users to pay directly from their browser without having to open a dedicated portfolio application.
The signed transaction is returned but also sent directly to the network, allowing developers to create stores without access to a third-party Nimiq node or even build fully client-side store solutions. By the way the pw of the wllet next post is AlbatrossOASIS.

[Anonymous No.13995377]

>Supply

Total supply: NIM 21 billions
Total pre-mine: 2.52 billions NIM separated into:
- Pre-mine for ICO participants : 1.05 billions NIM
- Team Nimiq + early contributors + Foundation: 1.52 billions NIM
Supply evolution: https://nimiq.mopsus.com/supply
Supply distribution: https://metrics.nimiqx.com/supply

[Anonymous No.13995564]

See, one solid post and already you got yourself green ID with "n1m" in it.
Anyway, I'll probably save it for reposting in case of yet another retarded 1000x in 2020 post.

[Anonymous No.13995620]

>>13995299
comfy thread anon

[Anonymous No.13995897]

>>13995564
>>13995620
frens

The wallet here >>13995377 can still be claimed though, if you already have NIM let it for a noNIMer plz

[Anonymous No.13995948]

https://www.youtube.com/watch?v=3tVj5xOkCnA

[Anonymous No.13996085]

>>13995897
Jesus the new UI is sexy. Didn't claim the coins by the way, just checked it out. I already have some nims and hopefully I can DCA more in the future. What are your thoughts on this? Do you think it could eventually sit up with Bitcoin and Ethereum?

[Anonymous No.13996118]

>>13995948
seems like a skit they did as an inside joke for their community desu, is that what zoomers think is "cringe" today

nice channel faggot btw

[Anonymous No.13996465]

>>13995321
My main concern is that the two biggest mining pools constantly have over 50% of the hashrate.

I'm not too sure how much this effects the network security so until the hashrate is more distributed this PoS algorithm is the make it or break it for me.

[Anonymous No.13996638]

>>13996465
Yes the network is easy to attack like pretty much any PoW coin outside of Bitcoin, Ethereum and a few other.

Still I wouldn't sweat it, 51% are only really a problem when there is a lot of transactions on the network and right now it's not the case.
Besides the volume is too low so It just would not be worth the money to try to double spend.

As for pools Skypool used to be absolutely dominant and now they are barely at 9% since a bigger canadian mining pool joined. These things change fast.

[Anonymous No.13996640]

Comfiest hold so far. Cant DCA enough

[Anonymous No.13996674]

>>13995299
nimillionaire here. cant wait for 1$= 1 nim in 2021

[Anonymous No.13996771]

>>13995299
Great post anon. Nimiq is definitely a rank 1 project.

[Anonymous No.13996914]

>>13995299
I have two friends who invest in crypto but don't really understand how Bitcoin wallets work or any wallet really. They always have me walk then through step by step on how to do anything. I showed then Nimiq and so far it's the only crypto their normie minds actually know how to use. This is the main reason I'm bullish as Nimiq is the normie coin.