Crypto for Everyone

What is it?

Nimiq is a low-barrier payments protocol that makes mining and payments as simple as using a browser. It will launch with atomic swaps and will soon have full lightning network capability.

Why Care? Mainstream Adoption.

Global sentiment for crypto is shifting. Governments are beginning to take blockchain and cryptocurrencies seriously. In the US senate hearing on crypto, comparisons were drawn between the disruptive potential of blockchain to that of the early internet. Overall, their verdict was one of pragmatic enthusiasm. From the heads of the CTFC and SEC leaders to US senators, regulators urged fostering blockchain innovation over rash disruption. Such positive sentiments were confirmed in the US Joint Economic Report of 2018.

For the world’s most influential government to be so supportive of blockchain combined with the rapid growth in public interest, should indicate crypto is headed towards mass adoption.

The Newbie Invasion

With mass adoption, billions of newcomers will flood into crypto. Thrust into a world of unfamiliar concepts, many will struggle. Toiling to explain blockchain concepts to friends and family? We’ve all had that experience. Sure, the computer savvy may have no issues, but what about those who were either incapable of grasping the basic ideas or simply unwilling to learn?

Now toss the countless newbies to come and watch in agony as they suffer before the rigours of crypto. Securely storing funds, managing gas fees, using exchanges, mining? Forget it. Faced with unfamiliar challenges, many will simply turn away from crypto — as wasted potential. That is, unless they are given something easy, something so simple and intuitive that even the most technically challenged could understand.

The Gateway Crypto

For the billions to come, Nimiq can be their gateway to cryptocurrency. It has virtually no learning curve. Requiring only a browser and a few seconds to sync with the blockchain, Nimiq is an introduction to crypto that teaches new adopters step-by-step how to use payments, mine and conduct exchanges. Nimiq’s interface is minimalist, efficient and aesthetically designed — a result of its German engineering.

Through just a browser, users have instant access to fast and lightweight transactions. Even mining, which usually involves hours of fine-tuning custom hardware, is made as simple as running a browser.

Coded with Javascript, the protocol can be worked into nearly every website to unlock a more democratic mode of monetization. Easy to implement, the Nimiq protocol allows sites to choose low impact mining over intrusive ads -which creates a more seamless browsing for users. By lending only brief fractions of their CPU power, users could support the sites they love by choosing to mine Nimiq — a process that takes no effort, as mining occurs in the background.

With Nimiq, an ASIC resistant algorithm will ensure that the original, decentralized spirit of mining lives on. The PoW algorithm is memory bound, meaning fast memory and CPU cache are the primary variables for performance. So while mining with GPUs/ASICs is possible, they are vastly out-performed by CPUs. With CPU-centric mining, there is no tolerance for BS Chinese-whale ASICS, and no toiling over custom-tuned rigs. Nimiq will drastically level the playing field for miners and lower the learning curve of mining for newbies.

It’s so easy even Grandma can do it. Simply visit her house under the pretense of missing her. Distract her by requesting milk and cookies. While she’s gone, use the few seconds it takes to open her browser, sync the lightning-fast wallet and run the client. Just like that she’s mining Nimiq!