Devenez Insider

Nym, the project that aims to (totally) protect online privacy

Wednesday, March 1, 2023

How do you remain anonymous in the digital world? That's the problem Nym is trying to solve. To achieve this, the Swiss company, which raised $50 million in 2022, has created a new infrastructure capable of masking the metadata we leave on the Internet, whether it's a WhatsApp communication or a bitcoin transaction. An effective solution? We spoke directly to some of its teams in Neuchâtel, Switzerland. 🇨🇭

You've probably already heard that bitcoin was an "anonymous" currency, that no one could "identify" you... So, at the risk of disappointing you (or reassuring you), that's not the case. 😅

Even though Bitcoin was invented by defenders of online privacy (the famous "cypherpunks"), the protocol does not act like a cloak of invisibility. And for good reason, the blockchain allows all transactions to be observed. 🔍

There are certainly a few ways of keeping a low profile:

👉 multiplying the number of wallets

👉 limiting the transactions between them

👉 using decentralised applications (Uniswap, Paraswap, etc.) to avoid having to provide your identity

But NOTHING guarantees real anonymity 👤.

Some data such as your IP address, and in general all the metadata (a metadata is a piece of data used to define or describe another piece of data) of electronic communications will always be available.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5

Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

Item 1
Item 2
Item 3

Unordered list

Item A
Item B
Item C

Text link

Bold text

Emphasis

^Superscript

_Subscript

This analysis is not investment advice. It has been prepared without taking into account your personal situation, particularly your financial situation, risk profile, and investment objectives.

Before investing in any product, investors should fully understand the risks involved and consult their own legal, tax, financial, and accounting advisors.

This article is for Insiders

The best crypto news and analysis. Every week. 100% independent.

Become an insider

Everything that matters in crypto

The best news and crypto analysis. Every Week. 100% independent.

Tokens in this article

No items found.

Projects in this article

No items found.

In this category