Difference between revisions of "Nym (NYM)"
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* From the [https://nymtech.net/nym-whitepaper.pdf whitepaper] (26-2-2021): | * From the [https://nymtech.net/nym-whitepaper.pdf whitepaper] (26-2-2021): | ||
''"The Nym network ("Nym") is a [[decentralized]] and incentivized infrastructure to provision privacy to a broad range of message-based applications and services. The core component of Nym is a mixnet that protects network traffic metadata for applications, providing communication privacy superior to both VPNs and [[Tor Project|Tor]] against global adversaries that can watch the entire internet. [[Nodes]] in the mixnet are rewarded via a novel proof of mixing scheme that proves that mix nodes are providing a high quality of service. Rewards given by NYM tokens allow anyone to join the Nym network and enable a sustainable economic model for privacy. NYM tokens can be transformed into anonymous credentials that allow users to privately prove their "right to use" services in a decentralized and verifiable manner. The Nym network can serve as the foundation for a vast range of privacy-enhanced applications that defend the fundamental freedoms of people across the globe against traffic analysis by powerful adversaries."'' | ''"The Nym network ("Nym") is a [[decentralized]] and incentivized infrastructure to provision privacy to a broad range of message-based applications and services. The core component of Nym is a mixnet that protects network traffic metadata for applications, providing communication privacy superior to both VPNs and [[Tor Project|Tor]] against global adversaries that can watch the entire internet. [[Nodes]] in the mixnet are rewarded via a novel proof of mixing scheme that proves that mix nodes are providing a high quality of service. Rewards given by NYM [[tokens]] allow anyone to join the Nym network and enable a sustainable economic model for privacy. NYM tokens can be transformed into anonymous credentials that allow users to privately prove their "right to use" services in a decentralized and verifiable manner. The Nym network can serve as the [[foundation]] for a vast range of privacy-enhanced applications that defend the fundamental freedoms of people across the [[globe]] against traffic analysis by powerful adversaries."'' | ||
===Mining=== | ===Mining=== | ||
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===Funding=== | ===Funding=== | ||
* Has [https://twitter.com/nymproject/status/1365340929469652992 funding] from [[Binance]] Labs (27-2-2021). | * Brought in outside backers for [https://twitter.com/TheBlock__/status/1521173453235265542 $300 million] developer fund (3-5-2022). | ||
*Has [https://twitter.com/nymproject/status/1365340929469652992 funding] from [[Binance]] Labs (27-2-2021). | |||
===Partners=== | ===Partners=== | ||
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Making these free wiki pages is fun but takes a lot of effort and time. | Making these free wiki pages is fun but takes a lot of effort and time. | ||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | If you have enjoyed reading, tips are appreciated:) This will help us to [[keep]] expanding this archive of information. | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
Revision as of 08:43, 30 May 2022
Basics
- Based in:
- Started in / Announced on: Summer 2018
- Mainnet release:
- According to Figment Weekly Digest (2-3-2021): "A private Internet infrastructure project"
History
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here (26-2-2021).
- Code can be viewed [insert here].
Implementations
- Built on:
- Programming language used:
Transaction Details
How it works
- From the whitepaper (26-2-2021):
"The Nym network ("Nym") is a decentralized and incentivized infrastructure to provision privacy to a broad range of message-based applications and services. The core component of Nym is a mixnet that protects network traffic metadata for applications, providing communication privacy superior to both VPNs and Tor against global adversaries that can watch the entire internet. Nodes in the mixnet are rewarded via a novel proof of mixing scheme that proves that mix nodes are providing a high quality of service. Rewards given by NYM tokens allow anyone to join the Nym network and enable a sustainable economic model for privacy. NYM tokens can be transformed into anonymous credentials that allow users to privately prove their "right to use" services in a decentralized and verifiable manner. The Nym network can serve as the foundation for a vast range of privacy-enhanced applications that defend the fundamental freedoms of people across the globe against traffic analysis by powerful adversaries."
Mining
Staking
Liquidity Mining
Scaling
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
Governance
DAO
Treasury
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs/Hacks
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
- Brought in outside backers for $300 million developer fund (3-5-2022).
- Has funding from Binance Labs (27-2-2021).
Partners
(:
Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated:) This will help us to keep expanding this archive of information.
ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out CoinTr.ee for more content.
