Nym (NYM)

Basics

• Based in:
• Started in / Announced on: Summer 2018
• Mainnet release:
• According to Figment Weekly Digest (2-3-2021): "A private Internet infrastructure project"

Technology

• Whitepaper can be found here (26-2-2021).
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

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."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

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).