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Author: Admin | 2025-04-28
Data storage. It was designed to help data owners securely share their data with any number of users in a secure manner, using a decentralized Key Management System.The WorkLock, which ran between September 2020 and April 2021, was an important step in the adoption and success of the NuCypher protocol. Its novel node distribution mechanism enabled participants to lock ETH to a smart contract, receive NU tokens, run NuCypher (Ursula) nodes, and receive fees and rewards. Participants could also get their ETH back after six months. The WorkLock was designed to get tokens into the hands of participants who would contribute useful work to the network, increase the number of nodes on NuCypher, and generally contribute to its growth and decentralization. A total of 22.5% of the initial NU supply was distributed through the WorkLock.The CoinList community were keen to participate in NuCypher WorkLock — and Coinbase Cloud’s secure, intuitive validator infrastructure made it possible. Even non‐technical users were able to get involved.The NuCypher WorkLock on CoinList had nearly seven thousand registrants and almost three thousand unique participants.CoinList users contributed 147K ETH (≈ $54 million) of the 354K total ETH (≈ $124 million) locked up across the network — more than 40% of the total.NuCypher WorkLock was one of the most successful events on CoinList — both in terms of the number of unique participants and the total ETH brought to the platform.The CoinList platform continues to grow and see adoption.The platform has more than 5 million users, three times the number it had in 2020.Between 2020 and 2021 we’ve increased our KYC-approved user base 42x globally, 36x in the European Union, and 62x in Asia. CoinList now has users across 170+ countries. The number of staking users increased from around 400 in July 2020 to more than 22,000 in May 2021.Assets staked on CoinList have surpassed $3 billion in 2021. Users of CoinList's staking services have received over $130 million in staking awards, and eligible users can now stake new assets such as FLOW, CSPR, NU, and MINA.Read/Write infrastructure and the security of growing networksEmpowering a secure, seamless participation
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