NYM

NYM is a privacy-focused blockchain that aims to enable secure and private communication and transactions online. It is built on the Cosmos SDK, a framework for building blockchain applications, and uses a modified version of the Tendermint consensus algorithm.

One of the key features of NYM is its use of “mixer” nodes to obfuscate the origin and destination of transactions. These nodes mix the transaction inputs and outputs of multiple users, making it difficult to track the movements of funds on the blockchain. This helps to protect the privacy of users and ensure that their transactions remain private.

In addition to mixer nodes, NYM also incorporates zero-knowledge proofs to allow users to prove the correctness of statements without revealing the actual data. This can be used, for example, to verify that a transaction has taken place without revealing the details of the transaction itself.

NYM is still in the development phase and is expected to launch in the near future. When it becomes available, it has the potential to revolutionize the way that individuals and businesses communicate and transact online, providing a more secure and private alternative to traditional networks.

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