- The company Nym Technologies, which created the mixnet of the same name, has released a VPN that protects anonymity.
- Zero-knowledge cryptography is used in NymVPN’s registration procedure, allowing users to join without revealing their true identities.
The same-named mixnet’s privacy-preserving business, Nym Technologies, has announced a virtual private network, or VPN, that will help protect users’ identities online.
The team noted in a news release that while traditional VPNs have long been promoted as privacy aids, they are unable to provide complete anonymity.
Users can sign up for NymVPN without revealing their true identities because the registration process uses zero-knowledge cryptography, a technique for authenticating information without revealing the content or context. To hide IP addresses and user communication patterns, the program will also create noise to the user population on the network.
This functions conceptually, at least, similarly to Tor, the private web browser that muddles users’ online behavior by passing it via a number of relays. The team added that NymVPN can aid in preventing observers from figuring out who is communicating to whom by combining communications.
Similar to this, Nym’s mixnet distributes data among several network nodes. It is known as a mixnet because it combines data, including metadata such as the time and location of a delivered message, to assist obfuscate the origin and destination of information.
Users of NymVPN can switch between two options: anonymous mode and fast mode. As implied by their names, the former will give priority to speed by providing a streamlined version of the application that only uses two servers to transport traffic. In contrast, anonymous mode employs “novel onion encryption” (a la Tor), five servers, and noise.
In the press release, Halpin noted that artificial intelligence (AI) is quickly obtaining the capacity to identify internet users based on their web traffic, and the field of cryptography needs to stay up with this development.
Cypherpunk Harry Halpin established Nym in 2017, and it has since attracted investment from major players like Google Ventures, Andreessen Horowitz, Digital Currency Group, and Polychain Capital. It established a $300 million innovation fund last year to finance initiatives creating solutions that protect privacy.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
