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What is Nimiq (NIM) coin and how does it work?

by Financial Economy

Nimiq (NIM) Coin is an open source, decentralized payment protocol for the world wide web. By offering browser-based access, Nimiq aims to reduce barriers to entry for new user communities of Bitcoin and other cryptocurrencies, thereby increasing blockchain adoption. Information about some topics that what is Nimiq (NIM) coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about  Gifto (GTO) coin.

What is Nimiq (NIM) coin and how does it work?

Nimiq is a blockchain technology inspired by Bitcoin but designed to work in your browser. Nimiq is designed to facilitate the use of cryptocurrencies for everyone without sacrificing decentralization. Nimiq is the only blockchain where users always participate directly by default.

Nimiq is written in Javascript ES6, so it runs entirely in a web browser without the need to sync to a node. Users can store and exchange NIM tokens simply by using their browser or mobile device. The entire platform is designed for ease of use.

Is it possible to mine Nimiq coin?

Nimiq is one of the few projects where you can mine using only one CPU. In keeping with the project’s mission, which is the simplest to use, noob miners can even start using browser-based mining.

When was the NIM token released?

The NIM token started life as the NET token, an ERC-20 token. Nimiq launched NET to launch an ICO that successfully raised $10 million in June and July 2017. The Nimiq mainnet was released in April 2018, during which time NET token holders were able to exchange for NIM tokens.

Which exchange is NIM coin on?

Nimiq coin is listed on some cryptocurrency exchanges such as KuCoin, HitBTC, Hotbit, AscendEX (BitMax), CoinEx, etc.

How to buy NIM coins?

Nimiq coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

NIM coin supply!

Total supply of Nimiq coin is 9.905.789.093 NIM.

NIM coin price!

As of May 18, 2022, at the time of the writing, 1 Nimiq coin price is around $0,0017 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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