Published in nymtech·Jun 17Update to staking supply and active set — and the impact on mix node APYThis week there have been some important updates to the reward sharing parameters in the mixnet contracts. Namely, the stake supply and the active set, which in turn affects the mix node saturation point. You can see evidence of these changes already in the explorer: the active set number, stake…Nym Token6 min read
Published in nymtech·Jun 14Nym wallet v1.0.5 is out!Nym components are continuously evolving to make it easier for all actors in the Nym ecosystem to contribute to and interact with the Nym privacy network. And this week is seeing some important updates to the Nym smart contracts and a new wallet release. Firstly, a quick update on the…Nym Wallet5 min read
Published in nymtech·Jun 10Privacy loves companyHow when it comes to privacy — the more the merrier! The mass surveillance of today’s internet has to be met by a movement for mass privacy, as the communications paradigm of tomorrow. Privacy cannot be a question of individual preference because the nature of online surveillance means that one…Mixnet3 min read
Published in nymtech·May 25Spacestation wallet now supports NYM!Our good friends at Cosmostation have integrated the Nyx chain to the Mintscan explorer as well as the spacestation.zone wallet. The latter allows for a nice and easy to use UI to transfer NYM native (Cosmos-sdk) to NYM ERC-20 and back using Gravity bridge. Below we show you how to…Nym4 min read
Published in nymtech·May 20Want to stake in Nym? Here is how to choose a mix node to delegate NYM to…People who hold native NYM tokens can stake those in the mixnet — contributing to privacy and earning a share of rewards by doing so. In fact, as a delegator, you play a key role in ensuring the network remains decentralised and provides good quality of service! But how do…Delegating Stake5 min read
Published in nymtech·May 12Nym mixnet APY — initial simulations for the first three monthsThe Nym mixnet is a global decentralized network that provides a privacy layer for digital communications for any application. The network is composed of mix nodes that earn rewards for providing privacy. …Mixnet4 min read
Published in nymtech·May 9The science and simulations behind Nym token economicsThis blogpost delves into the simulations that were run and reported on in the Reward Sharing for Mixnets paper by Claudia Diaz, Harry Halpin and Aggelos Kiayias (which also contains a game theoretical analysis of the reward scheme including proofs of the scheme’s equilibrium properties). The simulator has been released…Nym Token12 min read
Published in nymtech·May 6Nym platform release 1.0.0 (&1.0.1)The Nym mainnet is now live, nodes are joining the network, and network participants are now able to use the mixnet for privacy preserving applications and communications: the backbone of the new internet is there to integrate and use. This post will walk through the Nym platform release 1.0.0 (&1.0.1)…Nym2 min read
Published in nymtech·May 5Introducing a first round of grantees and the upcoming ‘Nym Innovation Fund’Nym is part of a much broader privacy ecosystem. We want to make sure that the ecosystem remains healthy and growing, ensuring privacy as a public good and as the default for digital communications. For this reason we are in the process of launching a developer grants programme (for one-off…Nym Innovation Fund3 min read
Published in nymtech·May 3The Nym mainnet reward scheme is being activatedWe are reaching the final phase of launching the Nym mainnet, namely activating the mixnet reward scheme. The Nym decentralized and incentivized privacy system is the first of its kind. This means we are turning on rewards and onboarding participants in stages. In this blogpost we will go through the…Nym Tokens5 min read
