NuCypher Price(NU)

NuCypher represents a sophisticated layer of cryptographic infrastructure, designed mainly for enabling end-to-end encrypted data sharing and dynamic access control on decentralized networks. At its core, the project utilizes advanced cryptographic techniques, specifically proxy re-encryption (PRE) and fully homomorphic encryption (FHE).

Key Features:

• Proxy Re-Encryption (PRE): This patented technology allows data encrypted under one key to be transformed to a different key without the need for decryption. Essentially, it allows a designated party to decrypt data while keeping the encryption intact from the data's original owner, thereby facilitating secure sharing.

• Fully Homomorphic Encryption (FHE): With FHE, computations can be performed on encrypted data. This feature ensures that data remains confidential while enabling its use in various computation scenarios, such as data analytics, without revealing the underlying information.

The central aim of NuCypher is to create a secure environment for data sharing that not only protects privacy but also fosters trust among participants in public networks. Through its innovative architecture, NuCypher seeks to establish a new way of thinking about data management and cryptography in the rapidly advancing world of blockchain.