Seeing all the payment coins flying I would like to present a very little known one – yet one of the best and friendliest cryptopayment systems out there! With a lot of potential if enough people start to use it of course 🙂
Coingecko link: https://www.coingecko.com/en/coins/nimiq
So what is NIMIQ ?
Nimiq or Nim is a payment protocol blockchain with a goal to be easiest and most convenient to use open internet money for average non tech-savvy user. https://www.nimiq.com/onepager/
The way it is unique to the other payment blockchains, is by the way it is built around the browser-based/ease-of-use approach. This is making it super flexible to be adopted in any web/e-commerce platform. No additional 3rd party downloads, just pure browser experience on any device you can think of. Just have your browser ready 🙂
The offcial nimiq wallet is thus also based directly in the browser and when connected, acts as a node directly on a blockchain which makes it very secure and swiftly updated to the current blockchain status. Private keys are safely stored directly in your browsers cache and you just download login file with password to regain access. You can also store your NIMIQ on your ledger device.
Try it out and get some free nimiq with the faucet here: https://getsome.nimiq.com/
DO NOT FORGET TO BACKUP YOUR WALLET WITH BACKUP PHRASE!!
I personally see nimiq’s potential and the best use-case to be a sort of paypal in crypto space. It doesn’t race against BTC/ETH, it aims to supplement it with ease of use orientation – killer UX, fast transactions and direct FIAT-crypto-FIAT gateway.BTC as store of value/savings account.ETH/Defi as crypto banking.NIM as a liquid open fast and cheap internet money.
Current unique tech features:
– Cashlinks – are an amazing and unique feature of the Nimiq Blockchain that allows you to send $NIM to users, with or without a NIM account, in a message over WhatsApp, SMS, Email or virtually any messaging service.
– Cryptopayment.link – Charge your customers with Nimiq, Bitcoin or Ethereum.
– Nimiq Checkout – Woo-commerce plugin to directly accept cryptocurrencies.
– Fastspot – enables non-custodial, cross-chain and fiat-ready atomic swaps.
– BTC/NIM atomic swap function- directly in the wallet – enabled by fastspot
Biggest Upcoming tech updates for 2021:
POS 2.0 Albatross switch – the nimiq is having fork to PoS chain – that should be able to hold thousands of transactions per second with 0 fees. You will be able to stake your coins and gain some additional passive income directly in your wallet.
The community also voted for supply curve change meaning the switch will be sort of a one time “halvening” in terms of inflation/emission rate. https://www.nimiq.com/blog/supply-curve-for-nimiq-20-finalized/
Nimiq OASIS – Nimiq’s Open Asset Swap Interaction Scheme (OASIS) is the blueprint that describes how to make off-chain assets such as USD, EUR, stock certificates, web domains and many more behave as if they were tokens on a blockchain.
Other interesting features:
Wallet avatars/emoticons – Nimiq identicons – aim to prevent wrong address input caused by virus or lack of concentration.
Transparency reports – Nimiq team is dedicated to their goal and does yearly transparency report to ensure supporters the funds are used where they are needed the most.
There is many more features coming and the community is very active, building various apps as a part of nimiq’s ecosystem.
For more info you can check nimiq discord, telegram or community forum
Here’s DaVinciJ15 take: https://www.youtube.com/watch?v=1WoZl-bCDLI
As always, before throwing any money into it, do your own research!