Buy Nahmii (NII)

What is Nahmii?

Nahmii is a decentralised and scalable solution designed to improve transaction speeds and reduce costs on blockchains, primarily serving as a Layer 2 scaling solution for Ethereum. It aims to provide a high-performance alternative to Ethereum, enabling fast, efficient, and low-cost transactions.

How does Nahmii work?

Nahmii operates as a Layer 2 on Ethereum, utilising state pools and rollups to process transactions off-chain before finalising them on Ethereum. This technology allows for instant transaction finality and low latency, supporting scalability and reduced transaction fees. The solution also maintains full compatibility with the Ethereum Virtual Machine (EVM), allowing for easy integration and development of smart contracts.

What are the potential use cases for Nahmii?

Nahmii has several potential use cases, including:

• Supply Chain Management: Tamper-proof recording and verification of data.
• Financial Services: Low and predictable fees facilitate high-performance applications.
• Decentralised Applications (dApps): Robust dApp ecosystems can benefit from its scalable infrastructure.
• Commercial Scalability: It is suitable for high-performance industrial applications needing reliable scalability.

What is the history of Nahmii?

Nahmii originated in 2017 as Hubiits (HBT), initially focusing on micro-payments using a Plasma-based scaling solution. It evolved into Nahmii in 2018, moving towards broader smart contract applications. It launched its first Layer 2 payment network in 2018 and later developed Nahmii 3.0, focusing on commercial scalability and institutional applications. The project has raised significant funding from notable investors, supporting its growth and development.