How to Qualify for Nillion’s Incentivized Testnet Airdrop
Nillion's Incentivized Testnet
Nillion is a secure computation network that decentralizes the handling of sensitive data, similar to how blockchains revolutionized transaction management. Leveraging its unique Nil Message Compute (NMC) technology, Nillion enhances the speed and security of decentralized networks.
The project’s Chief Technology Officer, Conrad Whelan, was a founding engineer at Uber, bringing substantial technical expertise and a proven track record in innovation to Nillion.
Traditional Challenges in Handling High-Value Data
Common issues with managing high-value data include:
- The need for secure storage solutions.
- The ability to perform computations on data without compromising its security.
- Achieving decentralized management of data.
Nillion addresses these issues by utilizing Privacy-Enhancing Technologies (PETs), such as Multi-Party Computation (MPC). These technologies enable users to securely store valuable data across Nillion's peer-to-peer network and to perform computations directly on the encrypted data, eliminating the need to decrypt it first, thus enhancing its security.
Funding
Nillion has raised a total of $50 million in funding, with an additional $25 million recently secured. The company’s backers include 13 investors, with prominent names like Hack VC, HashKey Capital, Big Brain Holdings, Animoca, Truffle Ventures, and Hashkey Exchange.
Guide to Joining the Testnet
1️⃣ Download and Set Up a Keplr Wallet (skip if you already have one):
- Download and install the Keplr wallet extension.
2️⃣ Add the Nillion Testnet to Keplr:
- Go to the Keplr Chains page, search for "Nillion," and add it to your wallet.
- In Keplr’s settings, enable "NIL" from the "Manage Chain Visibility" section to display Nillion Testnet.
3️⃣ Get Your Nillion Wallet Address:
- Open the Keplr extension, filter by "NIL," and copy your Nillion wallet address.
4️⃣ Claim NIL Tokens from the Faucet:
- Go to faucet.testnet.nillion.com to receive NIL tokens. If the site is busy, try again later.
5️⃣ Send NIL Tokens:
- In Keplr, search for "NIL" in your assets list.
- Select "Send," enter a valid Nillion address, specify the amount, and confirm the transaction. Leave the "Memo" field blank.
⭐ Join Nillion’s "Nill Pill" Event : Join Here
⭐ Complete Nillion’s Zealy Quests: Nillion x Zealy Quests
Join our Twitter channel to receive all future updates and announcements.
