Hey there r/CryptoCurrency!
It's the Nym team again, excited to connect with you all! Let us introduce ourselves:
Jaya_NYM – Jaya Brekke, CSO
Roughprada – Rafa Prada, Product Lead UXD
sudo–nym – Simon Toth, Head of Community
We're here to answer your questions and discuss everything about Nym for 2 hours on 20th September, starting at 1pm UTC. As a token of appreciation for your participation, we're giving away $1,000 in NYM tokens to the 25 best questions!
Nym is dedicated to building a safer internet through privacy. Our mission is to empower individuals and organizations with innovative solutions that protect online privacy and advance decentralization.
So, go ahead and ask us anything! Let's dive into the world of privacy and the future of Nym together. Join the conversation and get a chance to win NYM tokens!
PS: To enter the giveaway, fill in this Form: https://docs.google.com/forms/d/e/1FAIpQLSf0wydw0v2NBcyzy6h2RybOUVe_xymsXgCy_aVjv7KoM-2R9A/viewform?usp=sf_link You’ll need a Nym Wallet address & follow Nym’s Twitter account.
Disclaimer: All winners must complete KYC to earn rewards; void where prohibited including USA.
About Nym:
Nym, a leading Privacy & Web3 project. Nym is backed by major VCs including a16zcrypto, Binance labs and Digital Currency Group, as well as major validators including Polychain, Figment, Lemniscap and Greenfield One. We are excited to host an AMA session! We're giving away $1,000 in NYM tokens to the best 25 questions, so ask us anything!
At Nym, we're on a mission to build a safer internet based on privacy. Our open-source, decentralized platform safeguards privacy at the network level, protecting against traffic pattern analysis and metadata surveillance.
The Nym team is formed of world-leading experts on mixnets and anonymous communications. Harry Halpin, the CEO and co-founder of Nym Technologies was a Senior Research Scientist at MIT, where he led the standardization of the Web Cryptography API across all browsers at W3C working closely with Tim Berners-Lee, the inventor of the World Wide Web. Privacy is our top priority. With Nym, your internet traffic is encrypted and relayed through our mixnet, where mixnodes blend your traffic with others, ensuring private communications and hiding metadata like IP addresses. We're committed to bringing enhanced privacy, security, and decentralization to the Web3 space.
Experience the power of privacy with NYM Connect and the NYM Wallet. Empower yourself and your organization to protect online privacy and take back control over your data.
The Nym platform knits together several privacy technologies, integrating them into a system of At the heart of the Nym network is the NYM token. The $NYM token decentralizes the system via proof-of-stake; it can enable the functioning of the system via distributing rewards in exchange for provisioning privacy-enhanced communication. Tokenization provides the foundation for an alternative to the surveillance-based economic models that dominate today’s internet. More info here.
Over the past year, we have achieved significant milestones at NYM. Here are some highlights:
- Record-breaking registrations of over 1 million for the Nym token sale on Coinlist.
- A successful launch event in Paris featuring Edward Snowden and new Paris office opening event with Chelsea Manning
- The introduction of the Nym wallet and explorer, allowing for mixnet staking and delegating.
- A thriving community of mix node operators across five continents, making the mixnet truly global.
- An ecosystem with functional tokenomics, staking activity, liquidity, custody, and initial apps developed by our team and dev community.
- The establishment of the Nym Innovation Fund and Shipyard Developer Grants scheme.
- The launch of NymConnect, enabling privacy enhancements for apps and wallets like Telegram, Electrum, Keybase, and Blockstream Green, while stress testing the mixnet.
- The release of Nym clients and Nym SDK, making mixnet technology accessible to ordinary browsers.
- Advancements in research and development, including the development of Coconut credentials and anonymous credentials for e-cash and privacy-preserving KYC.
- Co-founding the Universal Privacy Alliance alongside major privacy tech projects.
- The Nym mixnet has been integrated with the Monero network. This allows Monero users to easily use NymConnect to run Monero over the mixnet, thereby enhancing the privacy of Monero transactions.
How to Contribute to the Nym Ecosystem:
Individuals can actively participate in the NYM ecosystem and contribute to its growth in several ways:
- First of all you can create a Nym wallet and you can download Nym Connect to experience yourself how the Nym ecosystem looks like.
- On top of that we recently launched our Nymja Ambassador program Our Nymja ambassadors will be the voice that advocates for privacy, decentralization, and a promising future, and will help us expand our communities while earning rewards. You can apply to the program here
- If you are a developer our aim is to make it as easy as possible to build on Nym or connect their existing applications to the Nym infrastructure for built-in privacy enhanced features.If you are looking to ways to integrate your systems to Nym, check here
By participating in these activities, individuals play an essential role in building a thriving NYM ecosystem, fostering privacy, and driving adoption of privacy-enhanced internet communication.
Join Nym Community Twitter // Discord // Telegram // Element // Reddit
The Nym team has burned 400 moons to host this AMA.
Transaction link: https://nova-explorer.arbitrum.io/tx/0xeef8233a81f4a81a6b00228fd3665f85a62dda1b6a247f1051120d1ba312e3f1
>All winners must complete KYC to earn rewards; void where prohibited including USA.
Well darn.
How will you achieve more adoption and more registrations?
How exactly does Nym enhance Monero privacy?
I thought Monero is untraceable on its own.
>Disclaimer: All winners must complete KYC to earn rewards; void where prohibited including USA.
>
>About Nym: Nym, a leading Privacy & Web3 project.
So my question is: Did you realize the irony when you drafted this?
How does NYM strike a balance between providing privacy and staying legally compliant? For most governments, these two things seem to be mutually exclusive. So, how does NYM provide this service without breaking the law or aiding anyone to break the law?
Besides your own project, what other innovation/projects/token do you feel impressed by?
What makes you stand out in the market?
KYC and privacy can go together ?!
Do you think you have improved any aspects of privacy that other larger tokens have not thought to do?
In the context of KYC implementation within your privacy-based cryptocurrency, could you elucidate the mechanisms in place for data validation and user identification, as well as the protocols for securely transmitting and storing this information in a privacy-preserving manner?
Did some digging on Nym. Is it correct that it’s basically a Layer-0 privacy enhancement, the way Zcash is Layer-1 and Bolt is Layer-2?
Though this is not the typical viewpoint of most of the people in the cryptosphere, but how does the team respond to criticism regarding high levels of privacy and nefarious use?
Before I get downvoted into oblivion I’m in favor of the stated privacy goals. I’m just playing devil’s advocate.
How do you plan on dealing with the regulation we are so humbly waiting for? And can you explain your business model?
What does NYM does better than monero? Or instead of being competitors, they are filling differents purposes?
Nym does encryption for packets metadata and pass them into mixnet . My questions is this should increase the latency because of coding and decoding. Can u tell me if there was increase in latency how much was it ?
How do you handle the ideal number of mixing nodes versus the network’s throughput? How do you preserve decentralization, anonymity sets, and scale simultaneously?
Are privacy coins at risk of being delisted from exchanges due to regulatory reasons, and if so, how can this be prevented? Is NYM a privacy coin?
How do you manage privacy if, for some reason, some states decide that NYM mixnet is bad and they want to squeeze it out?
What is a “decentralized mixnet,” and how does it relate to Nym’s functionality?
Can you explain what zk-nyms are and how they are used in Nym’s anonymity features?