Privacy technology is essential for the modern world. Most of human data is stored and exchanged online. And that massive amount of information should be private.
Encryption allows users to collect personal data from applications. messaging apps like Signal Encrypts messages so that only the sender and recipient can read them. Third parties such as ISPs or malicious companies cannot decrypt the encrypted content. This works well for most use cases. But often knowing the origin and destination of a message is as valuable as knowing the content of the message.
Computer network monitoring makes it possible to observe metadata such as message origin and destination, size, and when sent. Virtual private networks (VPN) fix this problem by forwarding all traffic through trusted third parties. making it more difficult to observe communication but relying entirely on third parties Tor Take this idea one step further by creating an open network for anonymous Internet communication. End users send traffic through random paths in the Tor network, so one party cannot tell the true origin or destination.
That’s why we invest in Nym which solves the problem of internet privacy by creating mixnet first with native incentives throughBlockchain The Nym mixnet is a decentralized network of routers where messages are grouped and routed through a contiguous set of layers. which provides privacy To compare offline Think of each message on the Nym network as shoppers walking around in a mall. All Nym shoppers look and dress the same. and visit multiple shops randomly before reaching the destination. As a result, observers cannot distinguish one Nym shopper from another. Plus, encryption prevents them from reading the contents of each message.
We first met Harry Halpin and Team Nym in 2018. personal passionAnd his deep expertise in privacy was immediately apparent. Harry became a true advocate of privacy and cypherpunk throughout his life. that makes the world more independent and the world is encrypted with projects such as NEXTLEAP and Panoramix
We believe privacy will be a key feature of blockchain. While most blockchains such as Ethereum and Bitcoin are completely transparent today, projects like Aleo, IronFish, and Aztec address application-level privacy issues, but before Nym, network-level blockchain privacy remains a mystery. that has not yet been resolved By enabling private blockchain, Nym opens a new design space for creators to create private web3 applications that were previously impossible. Nym is a new global privacy approach, much like Tor uses. relay nodes to provide privacy Their goal is to be able to scale the network to serve as the privacy backbone for the entire Internet. and make it more efficient by rewarding active nodes.
with a world-class team Technical Insights and great vision We are excited to partner with Nym to realize better privacy on the Internet.
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