NuCypher allows users to share private data among the specific number of participants in public consensus networks. The platform uses proxy re-encryption (PRE) technology for that purpose. Thanks to the decryption technology, NuCypher highly secure. According to the company, it is also much more protected than traditional blockchain projects based on public-key encryption.
NuCypher has already launched its native token, NU. The company uses them to incentivize NuCypher network participants to perform key management services, as well as access delegation/revocation operations on the network.