Nym protects privacy at the network layer by encrypting and relaying your internet traffic through a multi-layered network called a mixnet. In each layer of the mixnet, mix nodes mix your internet traffic with that of other users, making communications private and hiding your metadata (IP address, who you talk to, when and where, and more).
The Nym mixnet is incentivized and decentralized. Users pay a fee in NYM to send their data through the mixnet. By pledging an initial bond of NYM, anyone can run a mix node. Node runners are then rewarded in NYM tokens based on good quality of service, doing the work of mixing packets and providing privacy for the end users. This is called ‘proof of mixing,’ similar to how Bitcoin rewards miners for mining new blocks. The reward mechanism enables the mixnet to scale and decentralize.
Nym can work with any application. From Bitcoin to ZCash, no current “layer 1” blockchain provides “layer 0 privacy” for the peer-to-peer broadcasts used in every transaction. Nym can provide network-level privacy for any blockchain and other generic applications. From Bitcoin to instant messaging, developers can build their applications on top of Nym for network layer and metadata protection of their users.
Welcome to the NicFab Community Lemmy instance!
Please be kind.
All communities in this space should be at least related to Privacy and innovation.
This is a community space for projects and users interested in privacy, data protection, cybersecurity, and innovative solutions.
You can also reach this Privacy Community on Matrix by clicking here.
Please abide by the code of conduct.
To report a CoC violation, message one of the admins.
Benvenuto nella instanza Lemmy NicFab Community!
Vi invitiamo ad essere gentili.
Tutte le comunità in questo spazio dovrebbero essere almeno legate alla privacy e all’innovazione.
Questo è uno spazio comune per progetti e utenti interessati alla privacy, alla protezione dei dati, alla cybersecurity e alle soluzioni innovative.
Puoi trovare questa community anche su Matrix clicando qui.
Qui puoi trovare la nostra Informativa sulla privacy.
Siete invitati a rispettare il codice di condotta.
Per segnalare una violazione del codice di condotta, invia un messaggio a uno degli amministratori.
It’s a fascinating project that deserves attention, as we should pay attention to data protection and privacy. Kudos to the developers!