Nillion
Nillion is a decentralized network for crypto markets. Rather than broadcasting instructions before execution, users seal them to a condition and publish them on-chain; until that condition is met, other traders, agents, and the network itself cannot read them. The moment the condition is met, a threshold number of independent nodes unlock the instruction, after which it executes automatically. Covenants are the foundational primitive enabling this mechanism, bringing privacy protection to the parts of markets that have always operated publicly: orders, strategies, and the logic behind them. $NIL is the network's native utility token, used to: * Pay protocol fees for creating and resolving Covenants * Stake to run nodes and secure the network * Reward nodes that monitor conditions and settle outcomes Covenants are the protocol powering crypto markets: * Instructions controlled by conditions are sealed on-chain and revealed and executed only when real-time data feeds satisfy the conditions $NIL also supports access to Nillion an established privacy infrastructure: * An encrypted database: data is distributed across multiple nodes while computations can still be performed on the data in its encrypted state * Privacy technologies for AI including AI virtual machine (AIVM), Nada,AI and a trusted execution environment
Overview
Nillion is a decentralized network for crypto markets. Rather than broadcasting instructions before execution, users seal them to a condition and publish them on-chain; until that condition is met, other traders, agents, and the network itself cannot read them. The moment the condition is met, a threshold number of independent nodes unlock the instruction, after which it executes automatically. Covenants are the foundational primitive enabling this mechanism, bringing privacy protection to the parts of markets that have always operated publicly: orders, strategies, and the logic behind them. $NIL is the network's native utility token, used to: * Pay protocol fees for creating and resolving Covenants * Stake to run nodes and secure the network * Reward nodes that monitor conditions and settle outcomes Covenants are the protocol powering crypto markets: * Instructions controlled by conditions are sealed on-chain and revealed and executed only when real-time data feeds satisfy the conditions $NIL also supports access to Nillion an established privacy infrastructure: * An encrypted database: data is distributed across multiple nodes while computations can still be performed on the data in its encrypted state * Privacy technologies for AI including AI virtual machine (AIVM), Nada,AI and a trusted execution environment