![]() To explain how this works, let’s look at other blockchains like Bitcoin and Ethereum, where your browser needs to connect to a node to access the blockchain network. However, it differs from other projects because it is native to the web. So, we’ve told you that Nimiq is a censorship-resistant payment protocol. So team Nimiq could be onto something when designing a payment coin primed for mass adoption.Īnother interesting thing about Nimiq is its charitable slant, with 2% of the final NIM supply being allocated to Nimiq Charity, which solely supports projects of high social and ecological impact. Regular tech users do not like complicated or confusing interfaces and tend to gravitate to simple-to-use solutions. It’s a similar strategy to what Apple used to dominate the tech hardware markets. All this is geared toward making Nimiq easy, convenient, and accessible for everyone. We mean that Nimiq takes the complication out of crypto by simplifying the Nimiq user experience/interfaces wherever possible. ![]() Nimiq also differs from other payment coins by emphasizing designing everything for mass adoption. To put that into context, Bitcoin has a transaction fee of 44 cents at the time of writing. However, NIM users enjoy some of the lowest transaction fees, less than a cent per transaction. The market for payment coins like this is exceptionally competitive. ![]() A bit like many other cryptocurrencies, for example, Litecoin. In other words, NIM is intended to be used as digital cash. Nimiq is a decentralized and censorship-resistant payment system in which the NIM token is used as a transfer of value and a medium of exchange.
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