NuCypher (NU) Skyrockets 590% Today: What’s The Reason For Such A Sharp Jump?

Today, NuCypher showed record growth in a day – 590%: from a minimum rate of $ 0.290181 to a new ATH of $ 2.61. NuCypher is a layer of encryption and data protection for Ethereum and decentralized applications (dApps) that do not depend on a central service provider. According to the developer, the implemented updates probably had a positive impact.

The protocol, called a decentralized key management system (KMS) by the team, is designed to allow developers to store, share, and manage personal data in public blockchains. NuCypher has become better at managing IAM, database, and SSH credentials, the entire volume of calculations is encrypted, the proxy server is re-encrypted. By analogy with the Tor browser, it will also be able to establish a Dark Web for the Web 3.0 generation. The service’s services are suitable for usage in institutions that demand high levels of security, such as financial institutions, banks, statistical repositories, and healthcare.