Overview of NuCypher Economics Model

NuCypher is a decentralized blockchain privacy layer that functions as a key management system. It allows users to share private data on public networks securely and scalable, through the power of Proxy Re-Encryption (PRE).

Overview of Blockchain Consensus Algorithms

Blockchain is a decentralized peer-to-peer system with all of its nodes widely distributed across the internet. The data stored on the ledger from every node is in sync with each other and modifying data without consensus is nearly impossible. The most significant achievement of blockchain technology is that it manages to maintain trust in networks on a global scale without any central authority. At the center of this technology, are consensus algorithms.