The NYM project will be launched soon
NYM project : The company (Nym Technologies), in response to phenomena such as the sale of user data and Internet theft, is building a privacy network that, according to the development team, can change the way people use the Internet. With the release of the white paper of this project, we can expect to see its full launch soon.
According to Cryptopotito (Chelsea Manning), a well-known technology expert and revealer in this field, says:
Company (Nym Technologies)
Nym was launched in 2017 and was the first privacy-funded project to be funded by Binance Labs in 2018. Other well-known investors then invested $ 2.5 million in it. The current plan is now widely available to the public halfway through extensive reviews by tech experts such as Chelsea Manning, academics such as Carmela Troncoso and venture capital firms such as Polychain Capital.
“Carmella Truncas says:
According to the developers, the semi-infrastructure network is public, decentralized and based on encouragement and reward. This network provides the privacy of many applications and services (including blockchain). A major component of the half is the mixant that protects the metadata of the packets sent to it. In terms of privacy, this mix performs better than tours and private virtual networks.
Metadata is data that describes the details of another data; In other words, metadata is data about other data. Metadata includes users’ IP addresses, geolocation, information about who spoke to whom, when, and how many times. All of this metadata can be monetized or used without the users’ knowledge. This information can now be semi-protected.
The developers of the project claimed that anyone could join the Nim network by running a node and receive half tokens as a reward for securing the network’s privacy. Nodes take useful steps to make packages anonymous for users and services.
Half-tokens can be considered anonymous credentials that allow users to confidentially prove the “right to use” the service in a decentralized and verifiable manner. This allows users to maintain their privacy at the network and application layer. Cosmos and the European Commission have endorsed the use of semi-anonymous credentials.
Nym Technologies
Third-party applications and services that integrate their systems with the network can protect their users against malicious agents and extend their privacy from digital currency applications (wallets and DIFA projects) to messaging applications and IoT devices. Give. Literally, using the network protects any data transmission over the Internet that could lead to metadata leakage.
Nim is currently running an incentive pilot network with a ceiling of 1,500 nodes on the Liquid network; But this limitation is increased in the original version due to the high demand of people who want to join the network and test its features.
Throughout human history, the issue of privacy has been considered a great asset and a prerequisite for freedom. However, since privacy is not embedded in the heart of the Internet, power is now in the hands of a few big players. Nim is trying to change that and give users the power to decide under what conditions and how they want to disclose their data. For more information about the technical specifications of the Nim project, read its white paper or join the Nim Telegram channel.
Leave a Reply