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Binance TR’s 2nd Launchpool Project: Farming for #Nillion Has Begun 🚀
As you know, Binance TR announced that they added the Launchpool product. As of 03:00 two days ago, the #Nillion (NIL) farming process has begun 💎💎
With this product, you can stake your #BNB tokens to earn free #NIL tokens 🌟
But first, let’s take a look at what the Nillion project is 👇
Nillion is a decentralized computing network that can process data privately. Normally, when you send your data to a platform, that platform can see it. However, thanks to Nillion’s Blind Computation (Invisible Operation) technology, your data is processed in an encrypted form without being seen.
So, how does it do that?
1️⃣ The data is divided into small pieces and distributed to different computers.
2️⃣ These computers perform operations without seeing the data.
3️⃣ When the results are combined, the process is completed without ever revealing the original data.
That is, your data is never stored or read in full in one place. In this way, privacy is maintained and operations are conducted in a decentralized manner.
Which products or technologies does it use?
🔹 nilVM (Nillion Virtual Machine) – A virtual machine running on the Nillion network. This allows developers to build applications, i.e. DApps, using Nillion’s private computation technology.
🔹 nilDB (Nillion Database) – A private and secure data storage solution. Normally, data is stored on a server and can be seen by those who access it. However, nilDB splits the data into pieces and stores it securely, so no one can directly read the entire data.
First of all, to participate in this pool on Binance TR, you need to have BNB tokens. If you are holding BNB, the rest is very simple :)
We enter the Launchpool on Binance TR, stake our tokens, and earn #NIL tokens on an hourly basis. Don’t worry, you can withdraw the tokens you staked in the pool at any time. (I demonstrated the participation process in the video)
#BinanceTR #Launchpool #nillion #crypto #farming
As you know, Binance TR announced that they added the Launchpool product. As of 03:00 two days ago, the #Nillion (NIL) farming process has begun 💎💎
With this product, you can stake your #BNB tokens to earn free #NIL tokens 🌟
But first, let’s take a look at what the Nillion project is 👇
Nillion is a decentralized computing network that can process data privately. Normally, when you send your data to a platform, that platform can see it. However, thanks to Nillion’s Blind Computation (Invisible Operation) technology, your data is processed in an encrypted form without being seen.
So, how does it do that?
1️⃣ The data is divided into small pieces and distributed to different computers.
2️⃣ These computers perform operations without seeing the data.
3️⃣ When the results are combined, the process is completed without ever revealing the original data.
That is, your data is never stored or read in full in one place. In this way, privacy is maintained and operations are conducted in a decentralized manner.
Which products or technologies does it use?
🔹 nilVM (Nillion Virtual Machine) – A virtual machine running on the Nillion network. This allows developers to build applications, i.e. DApps, using Nillion’s private computation technology.
🔹 nilDB (Nillion Database) – A private and secure data storage solution. Normally, data is stored on a server and can be seen by those who access it. However, nilDB splits the data into pieces and stores it securely, so no one can directly read the entire data.
First of all, to participate in this pool on Binance TR, you need to have BNB tokens. If you are holding BNB, the rest is very simple :)
We enter the Launchpool on Binance TR, stake our tokens, and earn #NIL tokens on an hourly basis. Don’t worry, you can withdraw the tokens you staked in the pool at any time. (I demonstrated the participation process in the video)
#BinanceTR #Launchpool #nillion #crypto #farming
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