Nym is a “full-stack” privacy system, developers can hook their existing applications to the Nym platform to protect their users at the network level via Nym mixnet, and protect them at the application layer via Nym private credentials. Together, these will have the capacity to add privacy to the broader blockchain industry: the Nym mixnet provides privacy at layer 0, which adds meta-data protections for other blockchain and cryptocurrency projects that are at layer 1 (like Bitcoin and Ethereum) and layer 2 (including most DeFi projects).
What is Nym mixnet?
The Nym mixnet is a decentralised network of computers arranged in 3 layers. Your communication traffic is sent through it wrapped in multiple layers of encryption using SPHINX packet format which makes every piece of data passing through the mixnet look exactly the same. In each layer of the mixnet, your internet traffic is mixed with other people’s traffic, and the metadata that uniquely identifies your communications ie. your IP address, timing and destination is obfuscated. This means that your messages are “lost in the crowd” and not only the content but also the meta-data of your messages is protected and your communications are private. There is a saying amongst privacy crowds that says “Privacy loves company”, which is what a mixnet provides; the more data is mixed together the more private everyone’s data is.
What is the NymVPN?
NymVPN emerges as the first of its kind, a truly private consumer product designed to safeguard your data and metadata from prying eyes. Unlike traditional VPNs, NymVPN is built on the Nym network, an entirely decentralized infrastructure that eliminates any single point of failure or control. This ensures unmatched privacy protections, including completely private payments via zk-nym credentials, leveraging zero-knowledge technology to eliminate financial trails.
NymVPN introduces two modes to cater to diverse privacy needs:
VPN Mode: A decentralized, secure 2-hop mode utilizing the WireGuard protocol, optimized for speed without compromising medium-level privacy.
Mixnet Mode: Offers comprehensive pattern protection security, preventing metadata analysis for those requiring high privacy with medium performance.
How to Buy NYM on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing NYM. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing NYM.
Step 5: Purchase NYM
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of NYM you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy NYM.
Step 6: Store Your NYM
After purchasing, you can choose to store your NYM in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and NYM assets, be sure to use a strong password and enable two-factor authentication.
NYM Price:Nym addresses a significant issue of the internet: anyone observing the network can see traffic patterns.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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