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I have been observing Nym since its inception, I personally feel they are doing a good work and they have very good intentions. They need -unsurprisingly- more time.
As for the cryptocurrency, I personally feel it’s a good way for developers to monetize and organize payment structures in a decentralized way. The best intentions to establish a decentralized system are worth nothing in the end if you depend on a centralized payment processor such as a bank or big tech. Unfortunately they haven’t yet released a paper to dig a bit deeper, but I am very much looking forward to it.
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For context -
“Nym provides strong network-level privacy against sophisticated end-to-end attackers, and anonymous transactions using blinded, re-randomizable, decentralized credentials.”
Yes, we should also mention that it’s still in early stage and experimental to some degree. I am just trying the Android app and it doesn’t appear to work as intended. First I could see my real IP, and after I shut it down it crashes on start.
All good things take time …
What is it? Any context about why I should care that you might be willing to include?
It encrypts and routes your entire internet traffic (email, messenger, …) through a multi-layered network which they call “mixnet”. That makes your communications private and hides your metadata (your IP address, who you talk to, when and where, etc.).
See more at https://nymtech.net
So it’s Tor but worse.
