NYM is a blockchain-based platform that offers elevated levels of privacy and security to its users on the internet. In addition to transactions, users can utilize NYM for various applications such as messengers and social networks. By switching to NYM, anyone can enhance the security of their existing applications.

NYM's high level of security is achievable through encryption. By transmitting internet traffic through its multi-layered mixnet network, NYM blends user traffic with others at each network layer. This technique safeguards metadata such as IP and GPS information, enhancing user privacy.

Mixnet NYM

Users need to make payments for the ability to use mixnet. This makes it as decentralized as possible and motivates the purchase of tokens. As a result, network participants are incentivized to mix traffic in a quality way to ensure privacy. This method, called Proof of Mixing, is similar to the Proof of Work used in the Bitcoin blockchain.

Unlike other alternatives, this approach makes NYM a more decentralized and scalable blockchain. Key changes to the network occur only through user voting, namely validators.

Let's look at three other essential elements of the NYM ecosystem: gateways, requesters, and Coconut credentials.

Coconut credentials

Coconut credentials are essentially your standard login and password authorization. But only the zk (zero knowledge) version. The system understands that it is you, but you do not reveal your data.

Like regular verification, Coconut credentials are generated, signed with the private key, and then can be verified with the correct public key. But NYM has some critical "pluses" like the "blind release" invented by David Schaum in the 1980s, re-randomized signatures, and a particular data disclosure threshold.

Gateway

The next element is the Gateway. This is essentially the interface between users and mixnet, the entry/exit point. Without them, you cannot interact with mixnet. They verify your credentials as described above and help you send and receive messages and other information back and forth.

Nodes, validators, and delegators

The mixnet utilized by NYM is both decentralized and incentivized, with users required to pay a commission to utilize it. As such, mixnet owners have a strong incentive to mix packets effectively and safeguard end-user's privacy. Let's talk about what else is needed to make it all work.

• Mix Nodes. You can become a mix node operator and be rewarded for quality mix traffic.

• Gateways. This is a particular type of node, which you can also raise and currently receive a grant from the NYM team.

• Requesters. Another type of node is requesters. It looks pretty right that different people raise different types of nodes. Moreover, the nodes that have been instantiated. This allows the system to remain decentralized and scalable with almost no restrictions.

• Validators. Validators are nodes that can validate transactions in the NYM blockchain because of their stack. Validators generate Credentials, give rewards to mix nodes, manage the blockchain, run smart contracts on the network, and so on. And they get tips for all this.

• Delegators. If you don't have enough skills to raise your mix node, for example, or don't have enough steak to become a validator, you can delegate your NYM tokens and get royalties.

The NYM consensus has a high-security level because of the validators' distribution. It is one of the few projects that manages to create the most decentralized network possible in the current reactions.

How can you earn with the NYM?

Given current realities, the most reliable and sustainable investment strategy is HODLing. Instead of storing tokens on an exchange, many people choose to stake them. This is beneficial because you increase the number of tokens without doing anything.

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