4 Charts to Help You Understand Nillion, the First Blind Computation Network Redefining Data Privacy Paradigm
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4 Charts to Help You Understand Nillion, the First Blind Computation Network Redefining Data Privacy Paradigm
Applications on Nillion can be fully customized to your needs while keeping your data secure, unlocking new use cases.
Navigating Web3 tides with focused insightsAuthor: nairolf
Compiled by: TechFlow
Introduction
Recently, the Nillion project has drawn widespread attention, securing another $25 million in funding led by @hack_vc, bringing its total funding to $50 million. Nillion's Blind Compute (NBC) is building a truly private data ecosystem, opening up new market opportunities in the crypto space and attracting more users and revenue streams. Through decentralized trust mechanisms, Nillion strives to make privacy the default, unlocking the full potential of cryptocurrency.
Article Begins
"Bro, what is nillion?"
Here’s a simple explanation of @nillionnetwork.
"What is that?"
Nillion is humanity's first blind computer.
It is a secure computing network capable of protecting the privacy of high-value data in a decentralized manner—just as blockchains decentralize transactions.
"Bro, simplify it."
Let’s start with "high-value data."
This refers to all information you want to keep private. For example, you definitely don’t want your password leaked on Twitter, nor do you want anyone accessing your medical records, etc.
Leakage of such information could significantly impact your life.
"Alright, what next?"
You still want to use this data, right?
To enable an AI agent to act on your behalf, it needs access to all your information—even the last sweet message you sent to your girlfriend.
Alternatively, you might want to run algorithms on your medical data to monitor your health.
"Of course."
Typically, data processing works like this: First, data is encrypted; then, to perform computations (i.e., use the data), it must be decrypted; finally, it is re-encrypted for storage or transmission of results.
The problem is that once data is decrypted for computation, it becomes vulnerable.
"Sniff out my data"
No worries, bro. Nillion provides a solution.
It allows anyone to securely store high-value data on a decentralized peer-to-peer network—not only protecting the data but also enabling its secure usage.
"Wow, how does it work?"
Remember the issue mentioned earlier—data must be decrypted to compute?
Nillion leverages various privacy and cryptographic technologies to ensure data remains confidential throughout the entire process—no decryption required.
"Yo?!"
This is the power of Multi-Party Computation (MPC), which enables multiple parties to jointly compute results without revealing their individual data.
Remember: it allows secure data usage without decryption.
"Anything else?"
Exactly. Essentially, the Nillion network enables developers to build applications that perform blind computation on users’ private data using diverse privacy-preserving technologies.
In simple terms, it’s a blockchain designed for building applications that can securely use your most confidential information.
"To sum up"
Nillion is a blockchain equipped with privacy superpowers, enabling you to securely use your most sensitive data without granting others access.
Applications on Nillion can be fully customized to your needs while keeping your data protected, unlocking entirely new use cases.
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