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Jupiter wallet

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Jupiter JUP
$0.00 13.491%

What is Jupiter

What is Jupiter

History

Jupiter was created in 2016 by Steven Grove, a developer with extensive experience in blockchain technology. Originally, the platform was developed under the name "Sigwo Technologies," with the primary aim of providing decentralized and secure data storage solutions. Over time, Jupiter evolved into a more comprehensive platform that offers a suite of decentralized applications (dApps) and services tailored for secure communication and data management.

Creators and Developers

The main figure behind Jupiter is Steven Grove, who is both the creator and lead developer of the project. Grove's background in software development and cybersecurity played a crucial role in shaping the platform’s features. While the initial development was driven by a small team, Jupiter has since grown, with a broader community of developers and contributors supporting its continued development.

Technology

Jupiter operates on a custom blockchain known as the "Gravity" blockchain, which was built from the ground up to support the platform's unique features. The Gravity blockchain is designed for scalability and flexibility, allowing it to support various dApps and services. Jupiter uses the Proof of Stake (PoS) consensus mechanism, which ensures that transactions are validated efficiently and with minimal energy consumption compared to Proof of Work (PoW) systems.

One of Jupiter’s standout features is its "Metis" platform, which is a decentralized data storage and encryption service. Metis ensures that data is encrypted end-to-end and stored securely across the network, making it virtually impossible for unauthorized parties to access or tamper with the data.

Mining and Issuance

Jupiter utilizes a Proof of Stake (PoS) consensus algorithm, which means that new coins are minted through staking rather than traditional mining. Users can participate in staking by holding Jupiter coins (JUP) in a compatible wallet and helping to validate transactions on the network. In return, they receive staking rewards, which are distributed in JUP.

The total supply of Jupiter is capped at 1 billion JUP, ensuring that inflation is controlled and the value of the currency is preserved over time.

Networks and Support

Jupiter primarily operates on its own Gravity blockchain, but it also offers cross-chain capabilities. The project supports interoperability with other major blockchains, such as Ethereum, through token bridges and other cross-chain solutions. This allows users to leverage Jupiter’s features while interacting with other blockchain ecosystems.

Additionally, Jupiter has integrations with popular decentralized finance (DeFi) platforms, enhancing its utility within the broader crypto space.

Applications and Use Cases

Jupiter’s primary applications revolve around secure data communication and storage. The platform is particularly suited for enterprises and individuals who require robust privacy and security features. Its Metis platform is a popular choice for decentralized storage solutions, especially for sensitive data such as legal documents, medical records, and confidential communications.

Another significant application is the "Farms" dApp, which allows users to create and manage decentralized marketplaces. This enables the buying and selling of goods and services in a secure and private environment, leveraging Jupiter’s blockchain technology.

Popularity and Market Capitalization

While Jupiter is not among the most widely known cryptocurrencies, it has carved out a niche for itself in the area of secure data communication and storage. Its market capitalization has fluctuated over time but remains modest compared to larger blockchain projects. However, its unique features and the ongoing development of new applications continue to attract attention within the crypto community.

Partnerships and Integrations

Jupiter has formed partnerships with various blockchain and technology companies to expand its reach and capabilities. Notable collaborations include integrations with DeFi platforms and partnerships with cybersecurity firms to enhance its security features. These partnerships help Jupiter maintain a strong position in the niche of secure data management.

Community and Media

The Jupiter community is active and engaged, with discussions and development updates shared across various platforms, including Discord, Telegram, and Twitter. The project has also been featured in several cryptocurrency and technology publications, particularly in the context of secure data solutions and blockchain innovations.

Legal Status and Regulation

Jupiter, like many other cryptocurrencies, operates in a relatively unregulated space. However, the project emphasizes compliance with existing data protection regulations, such as the General Data Protection Regulation (GDPR) in Europe. This focus on compliance helps position Jupiter as a viable option for businesses that must adhere to strict data privacy laws.

Supported Networks

Tangem Wallet supports Jupiter on these networks

  • Solana

Jupiter official links

Tangem app on iPhone QR code to Tangem app
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How to buy Jupiter in Tangem Wallet.

The Tangem mobile app lets you buy cryptocurrency directly using a bank card and choose the best exchange rate.

1
Open the Tangem app by scanning the wallet and entering your access code or biometrics.
2
Select the desired cryptocurrency on the homepage and select "Buy."
3
You will be redirected to an on-ramp service offering fiat to crypto exchanges.

Jupiter FAQ

Jupiter (JUP) is a decentralized platform that offers secure messaging and file storage using blockchain technology. Built on the Ardor platform, Jupiter focuses on privacy and data integrity, providing tools for encrypted communication and data sharing. Its unique feature, Metis, is an application that enables users to create and manage content on the blockchain, ensuring censorship resistance and privacy.
  • Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
  • A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
  • When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
  • Metis allows users to create and manage content directly on the blockchain, offering a decentralized alternative to traditional content management systems. This ensures that content remains immutable, censorship-resistant, and private, a combination that is rare in the blockchain space.
  • Jupiter utilizes end-to-end encryption and a decentralized network to secure messaging and file storage. By storing data on the blockchain, Jupiter ensures that it is immutable and only accessible to authorized users, making it highly secure against tampering and unauthorized access.
  • Jupiter's integration with the Ardor platform provides it with scalability and interoperability with other blockchains. Its focus on privacy, coupled with the unique Metis application for content management, offers a more versatile and secure solution compared to other blockchain messaging platforms that may lack these features.

Why choose Jupiter wallet with Tangem.

Private. No registration and KYC required to use the app. We don't track your data.

Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.

Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.

24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.

Other crypto assets supported in Tangem Wallet.

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