The world of crypto is changing. Some would even go so far as to say it is healing. Healing, in some capacity at least, from the world of copy  and paste forks and the same idea repackaged 10 times over. With this change, we hope to see more mass adoption of crypto as a whole, but the proverbial elephant in the room remains. Crypto is exceedingly hard to use in the real world by real people.

Crypto’s hard problem is being tackled from as many angles as possible with new ideas daily. Nimiq has been focusing their efforts for years now on making crypto adoptable as payment in as many places as possible. Let’s delve into how they have been able to make strides in their niche and move the needle for the actual usage of crypto.

What is Nimiq

Nimiq is well aware that one of the largest issues with blockchain technology is that it is often overly complicated, placing undue technical boundaries on everyday people that could actually benefit from it. Bearing this in mind, Nimiq has created a unique browser-based network. This design lets users interact with the blockchain directly from their web browser, lowering the barriers to entry for people new to cryptocurrency and blockchain significantly. No external software is needed to begin buying/selling crypto. With their upcoming move to PoS from PoW, users will also be able to stake directly and be rewarded directly in their browsers without running a validator.

Nimiq’s mission statement is to “Enable the most accessible, censorship-resistant payment solutions.” Aside from their work to make the blockchain understandable to the masses and purpose built to account for a UI/UX that makes sense, they have also made sure it was made to handle micro-transactions at a foundational level. This focus provides use cases that are not possible with many other high-fee blockchains today. Today, their native token NIM is accepted as payment at close to 30,000 locations around the globe. NIM can be used as a payment through native apps on Nimiq, partner protocols, and instant swaps.

Nimiq also believes in an open-source ethos, giving developers and community members alike the tools and support to build on the network and create their own apps and initiatives to bring crypto payments to wherever they may be. One initiative is the Crypto City initiative in which Nimiq is working with local entities and community members to bring their cities to the forefront of crypto adoption through grassroots movements to get crypto accepted at as many locations as possible. Lack of capital and a need for an immediate return on investment is often the Achilles heel of such initiatives, but Nimiq is also uniquely positioned to handle this as well as a non-profit project. 

Conclusion

Nimiq presents an innovative approach to blockchain technology, with a browser-based, accessible platform that could help drive mainstream adoption of cryptocurrency. Its unique architecture, user-friendly focus, and low fees make it an appealing choice for people looking to explore the potential of blockchain. Now is a good time to look into Nimiq as pre-staking for the migration to PoS on the blockchain is now live with rewards for those who choose to pre-stake to secure the network.

Nimiq will also be joining Web3 Global Media during our Amsterdam Blockchain week next year in March as a Silver Level Sponsor. You can also join us March 10th-16th with the main conference being the 13th and 14th.

More in-depth information about Nimiq and Amsterdam Blockchain week can be found at the links below.

https://web3amsterdam.com/
https://www.nimiq.com/litepaper/