Nym Technologies Mainnet Officially Generates First Blockchain Block

Privacy infrastructure startup Nym Technologies has successfully generated the first block for its Nym mainnet — Nyx. As per the information gathered by CoinQuora, the Nym team is now onboarding validators such as Dokia Capital, a16z-backed Figment, Chorus One, Swisscom, Nodes.Guru and Commodum. These Nym validators will maintain the mixnet privacy system of the network.

Swisscom Fintech Innovation Manager Dominic Vincenz, explained,

Nym has built a powerful global privacy network that is both decentralized and incentivized and we are thrilled to partner with Nym and support the development of privacy-enhanced infrastructure and foster new>smart contract environment on Cosmos with Nym’s powerful set of validators creates a robust, general-purpose smart contract blockchain that will integrate Coconut privacy features. Nym CTO, Dave Hrycyszyn said,

We are pleased that our technical and partnership decisions over the past year are paying off and that in addition to our privacy mixnet, we can now offer a powerful general purpose smart contract blockchain! This is a step in the direction to allow us to extend Coconut functionality, meaning application layer privacy, to an entire developer ecosystem.

On the other hand, Nym has generated the mixnet token NYM, which will enable people to use the mixnet, run mix nodes in the network and get rewarded.



Show More

Leave a Reply

Your email address will not be published. Required fields are marked *