Nym is a privacy-focused cryptocurrency project that aims to provide privacy infrastructure for the internet.
It is designed to enhance privacy by obfuscating the metadata associated with online transactions, communications, and activities.
Nym is a permissionless and incentivized network designed to defend user privacy,
even against corporations and government actors with the capacity to capture all global internet traffic. The
Nym network provides a scalable privacy infrastructure to support third-party applications and services in
offering private access features to their users.
Privacy tools sufficient for tackling the scope of private information exposure are lacking today.
Privacy
must be understood as a holistic property because leakage of information in one layer of a system can undermine the privacy provided by even the most advanced cryptographic protocols in another layer. Taking
blockchains as an example, the "Layer 0" peer-to-peer broadcast of any "Layer 1" blockchain is usually
the weakest and most neglected link of blockchain systems. Peer-to-peer broadcasts expose IP addresses,
timing, and other network metadata that can deanonymize transactions even when a blockchain uses zero knowledge proofs on chain.
This fundamental issue goes far beyond cryptocurrencies, affecting all internet users. The primary protocol all Web browsers use to encrypt their connections to websites, Transport
Layer Security (TLS), can be attacked via traffic analysis to reveal the contents of encrypted communications.
Nym’s combination of a mixnet and anonymous credentials provides "full-stack" private access features
that can be flexibly integrated with myriad services. For example, Nym can anonymously broadcast transactions to any blockchain and do so with better network-level privacy than either Tor or Dandelion.
However, network-level privacy for blockchains is only one of the many kinds of service Nym can support
– any networked application, including those that do not use blockchain technology, from secure messaging to file-sharing, can benefit from Nym’s privacy features
Here are some key aspects of the Nym project:
*Mixnet Technology:
Nym utilizes a mixnet, which is a network of servers that shuffle and encrypt data packets to obscure their source and destination. This helps in achieving privacy by preventing the tracking and surveillance of internet traffic.
*Anonymous Signaling System:
Nym introduces an anonymous signaling system called Sphinx, which enables users to send messages to each other without revealing their identities or the content of the messages. It ensures that only the intended recipient can decrypt and read the messages.
*Anonymous Credentials:
Nym also offers anonymous credentials, which are cryptographic proofs that allow users to prove certain attributes about themselves without revealing their actual identity. This can be useful in scenarios where proof of attributes is required without disclosing personal information
*Mixnode Incentivization:
The Nym network relies on a decentralized infrastructure of mixnodes that process and forward data packets. Users can operate mixnodes and earn rewards in the form of the project's native cryptocurrency, NYM tokens, by contributing to the network's privacy-enhancing services.
*Governance and Development:
Nym is developed as an open-source project with a decentralized governance model. The community can participate in decision-making through proposals and voting. The project aims to evolve through community-driven development and consensus.
Join us for more information
Website: https://nymtech.net/whitepaper/
Telegram: https://t.me/nymchan
Twitter: @nymproject
Mixnet https://explorer.nymtech.net
https://discord.gg/nym
