Nimiq in a Nutshell

Nimiq is a Blockchain Ecosystem for payments designed to make cryptocurrencies easy to use for everyone without compromising decentralization.
  • Designed with mass adoption in mind: NIM is the easiest crypto to use. Buy/sell from a bank account, swap for BTC, manage and stake directly with no software download, no installation, no plugin, no personal data required. Just open a website and it works!

  • Safe and true to the spirit of crypto: 100% non-custodial. Your keys – your coins.

  • Nimiq invented the fiat-crypto atomic swap! Atomic swaps between crypto like NIM and (ETH coming soon) and fiat currencies like EUR (USD next) with no registration or sign-up are now possible. Earned swap fees are converted to NIM and held to create scarcity.

  • Nimiq preparing to move to PoS: Nimiq created Albatross, a new, super fast Proof-of-Stake consensus algorithm that will launch in 2021 with Nimiq 2.0, the next version of the Nimiq Blockchain. Moving to PoS is also about moving away from the environmentally burden caused by the electricity consumption of PoW.

  • Performance and Scalability: We expect ~1000 TPS and finality in one second, pushing 2.0 to the theoretical limits of single chain blockchain protocols.

  • Nimiq’s “super-halving”: The transition to Nimiq 2.0 will reduce the emission rate from currently ~3000 NIM to only ~525 NIM per minute.

  • Easy staking: With a minimum stake of 1000 NIM, everyone can become a validator and enjoy a reward around 6% per year. Delegate Staking will also be supported for those who want to get rewards directly in their browsers, without running their own validator.

  • Crypto for everyone: Nimiq’s ecosystem apps are built for people without crypto or tech knowledge. We avoid crypto lingo and put extra effort into the design and experience of the Nimiq apps to create a decentralized experience with the convenience of modern apps.

  • Everyone is a peer: The Nimiq Wallet connects directly to the blockchain and enables everyone to broadcast and receive transactions from the network themselves without depending on full nodes in the network as it’s done in Bitcoin and others.

The Vision

Barrier-free value exchange for everyone.

The Mission

Enable the most accessible, censorship-resistant payment solutions.

General Bitcoin Ethereum Visa Nimiq 2.0
Primary use-case Store of value, censorship-resistant payments Distributed computing platform, smart contracts Convenient but restricted and centralized access Accessible and censorship-resistant payments
User interaction App or website relying on a third-party service/gateway or installing your own node Proprietary system with limited security + fraud protection measures Installation free web-app that runs your own light node inside your browser
JavaScript bindings Yes, but require third-party gateway No, proprietary payment provider solutions only Yes, natively
Onboarding time (non-custodial wallet) Several minutes Several minutes Minutes to several days Less than 20 seconds
Tech. Specs Bitcoin Ethereum Visa / fiat Nimiq 2.0
Maximum supply 21 million BTC infinite infinite 21 billion NIM
On-chain transactions per second 7-15 up to 25 ~3000 1000+
Probabilistic finality in 1 hour 20 minutes Seconds Seconds
Provable finality in None None Days Minutes
Current average transaction fee 0.10 - 0.20 USD 0.14 - 0.28 USD 1.5 - 3.5%, fee priced in by merchant < 0.01 USD
Light node sync download size tens of megabytes hundreds of megabytes N/A < 150kB
Consensus algorithm PoW based on SHA256 PoW, planned to be switched to PoS AML, international laws PoS, Albatross
Supply creation Mining with computer hardware, high energy demand Central bank, low energy demand Validator reward, low energy demand
Smart contracts Scripts, not Turing-complete Programmable, Turing-complete No HTLC and more TBA, not Turing-complete
None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or financial product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any financial advice or service.