NIL (Nillion) rose 9.30% in the last 24 hours

Gate News Bot news, on October 21, according to CoinMarketCap data, NIL (Nillion) is currently priced at $0.30, with a rise of 9.30% in the last 24 hours, reaching a high of $0.30 and a low of $0.24. The current market capitalization is approximately $773,000, an increase of $65,800 compared to yesterday.

Nillion is a decentralized trust network focused on the secure handling of sensitive data. The project aims to protect important data through distributed trust, similar to how blockchain decentralizes transactions. Nillion supports various application scenarios, including personalized AI, decentralized trading, and identity risk management. The network consists of a processing layer, a coordination layer, and a connection layer, achieving secure computation and storage through Node Deployment Kit (NDK). Nillion's goal is to become the decentralized, private data infrastructure for important industries in the future, opening up vast space for Web3 use cases and vertical fields.

NIL recent important news:

1️⃣ NIL Foundation Launches Testnet The NIL Foundation recently launched a testnet aimed at addressing the scalability and sharding issues of the Ethereum network. This initiative demonstrates the Nillion team's ongoing efforts in technical development, with the hope of enhancing network performance and attracting more developers to participate.

2️⃣ Nillion's “blind computation” technology gains attention The “blind computing” technology of the Nillion network shows great potential in the fields of data privacy and artificial intelligence. Industry analysts believe that this innovative technology may bring breakthrough progress in data privacy protection, especially against the backdrop of increasingly popular AI applications.

3️⃣ NIL token performance fluctuations after listing The NIL token experienced a certain degree of pullback after its debut, reflecting the market's cautious attitude towards emerging projects. However, the recent price rebound indicates that investors maintain confidence in the long-term prospects of the Nillion project.

From a technical perspective, NIL's current price has broken through recent resistance levels, showing rising momentum. On the fundamental side, Nillion continues to promote technological innovation and ecosystem construction, laying the foundation for long-term development.

This message is not intended as investment advice; investors should be aware of market volatility risks.