Nimiq
Crypto Overview
Overview
Nimiq is a browser-based blockchain protocol designed to make cryptocurrency transactions accessible and user-friendly. It was created to serve as a decentralized payment system that can run directly in web browsers without requiring additional software installation.
Intended Utility
The primary purpose of Nimiq is to function as a medium of exchange optimized for simplicity and ease of use. The project aims to make cryptocurrency payments as simple as using traditional online payment systems, with a focus on browser-based accessibility and fast transaction times.
Actual Utility and Implementation
The project has implemented several key features: Browser-first blockchain architecture, WebAssembly-optimized proof-of-work consensus (transitioning to proof-of-stake), and integration with traditional banking systems through OASIS (Open Asset Swap Interaction Scheme). Recent developments include Nimiq 2.0, which introduces a more energy-efficient consensus mechanism.
Token Distribution and Governance
The initial token distribution included a transparent token sale, with clear vesting periods for team members and developers. The team holds approximately 20% of the total supply, with multi-year vesting schedules. Development funding is sustained through a foundation structure that maintains transparency in fund allocation.
Technical Development and Activity
The project maintains active development with regular GitHub commits and updates. The team has consistently delivered on technical roadmap items, particularly with the development of Nimiq 2.0 and OASIS protocol. The focus remains predominantly on technical development rather than marketing activities.
Adoption and Partnerships
Nimiq has established partnerships with traditional financial institutions, particularly in Europe, to facilitate fiat-crypto bridges. The ecosystem includes various merchant tools and payment solutions, demonstrating practical implementation of its intended utility.
Crypto Impact
To assign a comfort level investing in Nimiq from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Nimiq.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.