Connect with us


Nimiq Review – NET ICO Browser-Based Blockchain Exchange & Wallet?

Nimiq, found online at, is a browser-based blockchain and ecosystem. Find out everything you need to know about Nimiq today in our review.

What Is Nimiq?

We’ve seen blockchain-based browsers on the market – but Nimiq claims to be a browser-based blockchain. It’s a blockchain technology that can run from your internet browser without the need for you to install anything.

The platform is currently running on a testnet viewable at

Some of the unique features of Nimiq include the ability to mine in your browser. The main goal of the platform, however, is to create an open payment protocol designed to lower multiple barriers of entry.

You don’t need to install Nimiq to access the platform. It’s an installation-free platform built with native browser technology. The platform was written in JavaScript ES6. Communication is done via WebSockets and WebRTC.

Another neat feature of Nimiq is the ability to use a wallet without intermediaries. Sending money through the Nimiq app is as easy as sending a text message.

The public release of Nimiq is scheduled to take place in June 2018.

What Problems Does Nimiq Seek To Solve?

If someone can create a way to make blockchain technology accessible through a web browser, it would potentially open up blockchain to a mainstream audience. It could change the future of blockchain, allowing anyone with a browser to easily interact with a blockchain-based network.

However, adding blockchain to a web platform has been challenging.

It’s difficult to add a P2P network using browser-based technology, for example, or to create a storage system for persistent keys and blockchain data. The cryptography side of things – including hashing, signing, and verifying – also poses a challenge.

Nimiq wants to solve these challenges.

How Does Nimiq Work?

Nimiq aims to solve the above problems by emphasizing five crucial features:

  • Compression: Nimiq will compress blockchain data, allowing users to sync within seconds instead of hours. Today’s bitcoin blockchain is over 100GB. Nimiq’s blockchain will be about the same amount of data as a small audio file.
  • Instant and Scalable Transactions: Nimiq aims to make over-the-counter payments practical with instant and scalable transactions.
  • Simplicity: Nimiq will focus exclusively on one thing – payments. They aim to focus on that one thing to ensure they do it better than anyone else.
  • Blockchain Parameters: Nimiq will streamline blockchain parameters for their browser-first approach.
  • Cross-Chain Compatibility: Nimiq will be compatible with other blockchains – like Ethereum – so Nimiq can take advantage of features like smart contracts.

Technically speaking, there are two types of nodes in the Nimiq network, including Backbone Nodes and Browser Nodes. Both types use the same isomorphic JavaScript code base. Backbone Nodes are based on NodeJS and run on servers. They communicate with one another via WebSockets, acting as an entry point and signaling server for Browser Nodes to establish browser-to-browser WebRTC connections.

Browser Nodes, meanwhile, are built on top of existing browser engines, which is why they can be installation-free. When a Browser Node connects to the network, it establishes a WebSocket connection to at least one Backbone Node. After establishing that first connection, they start to establish browser-to-browser connections using the Backbone Node as a signaling server.

Meanwhile, the Browser Nodes use the IndexDB API storage system to store blockchain data and keys. This data is stored on a user’s hard drive. Browsers aren’t designed to store gigabytes of data, which is why compression – as mentioned above – plays a crucial role in the Nimiq platform.

Nimiq Features

Overall, Nimiq’s developers describe the platform as a third-generation blockchain protocol. We’ve seen other developers use that term before. Typically, it’s used to indicate that bitcoin’s blockchain was the first generation, Ethereum’s was the second generation, and future technologies are the third generation. Here are some of the key features of the platform:

  • Installation-Free: Nimiq is native to existing web browser technology. The platform is written in JavaScript ES6 and communicates via WebSockets and WebRTC.
  • Sync in Seconds: Nimiq will develop light clients first. Light clients can be used to establish a distributed consensus. The light clients function similar to full nodes: the required blockchain data is less than downloading a song, and syncing is available in seconds.
  • Instant Transactions: Off-chain transactions scale beyond paying for a coffee. They unleash micro-transactions and atomic swaps for cross-chain compatibility.
  • Wallet Without Intermediaries: You can send money between addresses as easy as sending a text message.

Who’s Behind Nimiq?

Nimiq first began its development between July and December 2016. The first prototypes of the platform were launched in January/February 2017, with an alpha and public testnet appearing online in mid-2017.

Nimiq’s token sale started on June 28, 2017. In December, they plan to launch the official Nimiq mainnet and public the official genesis block. By June 2018, they’re aiming for a full release.

The company is led by Robin Linus (Blockchain Architect), Philipp von Styp-Rekoswky (Tech Lead), and Elion Chin (Operations). All three of these members are listed as “Creators” of Nimiq. They’re supported by a team of blockchain developers and other specialists.

The unique name of the company, by the way, comes from the Inuit word “Nimiq”, which is “an object or force that binds things together.”

Nimiq Conclusion

Nimiq is a blockchain technology that aims to place the blockchain in the hands of any browser user. It’s an installation-free blockchain with a focus on payment processing.

The Nimiq token sale took place this past summer. The network is available on a testnet, with a mainnet launch scheduled before the end of the year. By June 2018, Nimiq hopes to have the platform up and running.

You can learn more about Nimiq by visiting the official website today at

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Reviews

Uulala Uulala
Blockchain1 year ago

Uulala ICO (UULA Token): Financial Solution For Unbanked Population?

What Is Uulala? Uulala is a minority-owned corporation in the US whose major shareholders are first or second generation Latinos. The...

Blockchain1 year ago

DIW Token ICO: Secure Decentralized Digital Identification Wallet?

What Is DIW? DIW I a new system that is designed to be a safe and secure place to store...

Blockchain1 year ago

QLink QLC: Mobile Telecom Blockchain Communication Token?

Cryptocurrency is a method of transacting universally-accepted currency, and its popularity is quickly growing. Most people see this currency as...

Blockchain1 year ago

Ethfinex Nectar Token NEC ICO: Crypto Asset Trading Financing?

What Is Ethfinex? With the bitcoin blockchain slowly saturating, Ethereum is now being viewed as the new home for crypto innovation....

Blockchain2 years ago

Cryptectum: Swiss Real Estate Blockchain Crowdfund Investing?

What Is Cryptectum? Cryptectum is a new company based on blockchain technology that has been highly refined to work with...

Blockchain2 years ago

LoopX LPX ICO: Advanced Loop-Algorithm Trading Software?

LoopX claims to be the most advanced loop trading software to date. Find out how it works today in our...

CryptF CryptF
Blockchain2 years ago

CryptF CPTF ICO: Blue-Chip Stocks & Bonds Backed Cryptocurrency?

What Is CryptF? The company CryptF is a new simply designed mechanism that a person can use to invest into...

Blockchain2 years ago

Adverx AVX ICO: Real Time Bidder Advertising Platform?

Adverx is a supposedly legitimate cryptocurrency platform that is in the first round of its ICO or initial coin offering....

Initial Coin Offering ICOs2 years ago

Viola Ai- AI Driven Relationship Dating Marketplace VIOLA ICO?

VIOLA AI is the world’s first AI-driven marketplace that focuses on dating, courtship, and marriage. Operating on the Ethereum blockchain,...

How To Make Money2 years ago

Mavro: Bitcoin Network Marketing MLM Crypto Lending Coin?

Although the cryptocurrency market didn’t simply appear overnight, to call it an uphill trend would be an understatement. It is...


Copyright ©