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NYM

NYM

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NYM Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXNYM/USDT0.04417.61,136.68701,091.60.04cex1307/9/2025, 6:23 AM
BiboxNYM/USDT0.045,387.915,840.81317,859.980.12cex337/9/2025, 6:21 AM
GateNYM/USDT0.0410,893.0116,471.15224,215.890.01cex3647/9/2025, 6:23 AM
MEXCNYM/USDT0.045,829.6210,309.6963,425.660cex3187/9/2025, 6:18 AM
BVOXNYM/USDT0.043,368.474,300.6752,5330.01cex2627/9/2025, 6:18 AM
CoinWNYM/USDT0.04637.621,240.9251,001.760cex1597/9/2025, 6:21 AM
BybitNYM/USDT0.0414,683.6314,105.5144,204.610cex2497/9/2025, 6:21 AM
KuCoinNYM/USDT0.0410,469.8110,528.5643,712.40cex2987/9/2025, 6:23 AM
BitgetNYM/USDT0.0425,443.5519,554.2632,071.320cex3067/9/2025, 6:24 AM
KrakenNYM/USD0.0410,510.672,659.264,630.660cex2487/9/2025, 6:23 AM
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NYM FAQ

{ "q": "about", "a": "Nym represents the future of privacy, developed by leading scientists and developers from renowned global universities. Its system consists of a mixnet that offers network-level privacy, credentials for application-level privacy, and the NYM token that incentivizes system participants, ensuring long-term sustainability and scalability. In today's world, where digital privacy is paramount, Nym introduces the NymVPN, a groundbreaking solution that redefines standards for online privacy and security. Unlike conventional VPNs, NymVPN operates on the Nym network—a fully decentralized framework that eradicates any single point of failure or control. This infrastructure guarantees unparalleled privacy, including completely private transactions via zk-nym credentials, utilizing zero-knowledge technology to obscure financial traces.\n\nHow does Nym provide privacy?\nNym offers a comprehensive privacy system where developers can integrate their current applications with the Nym platform. This integration supports user protection at the network layer through the Nym mixnet and at the application layer via Nym private credentials. Together, these components extend privacy benefits across the blockchain industry: the Nym mixnet enhances privacy at layer 0, delivering metadata protection for blockchain and cryptocurrency projects located at layer 1 (such as Bitcoin and Ethereum) and layer 2 (comprising most DeFi projects).\n\nWhat is Nym mixnet?\nThe Nym mixnet is a decentralized network of computers structured into three layers. Your communication data is routed through it, enveloped in multiple layers of encryption using the SPHINX packet format, ensuring uniformity in the data passing through the mixnet. In each layer, your internet traffic is amalgamated with others', disguising the metadata that singularly identifies your communications—namely, your IP address, timing, and destination. This process ensures that your messages are obscured amongst the crowd, safeguarding both the content and metadata of your communications to maintain privacy. A popular saying in privacy circles echoes that “Privacy loves company,” which is the essence of a mixnet: the more data intermingled, the more private everyone's data becomes.\n\nWhat is the NymVPN?\nNymVPN emerges as a uniquely private consumer product, intended to shield your data and metadata from unauthorized access. Unlike traditional VPNs, NymVPN operates on the Nym network—a wholly decentralized infrastructure without single points of failure or control. This configuration guarantees superior privacy protections, including entirely private payments facilitated by zk-nym credentials, leveraging zero-knowledge technology to obliterate financial trails.\n\nNymVPN offers two modes tailored to varying privacy needs:\n- VPN Mode: A decentralized, secure 2-hop mode employing the WireGuard protocol, optimized to balance speed with mid-level privacy.\n- Mixnet Mode: Provides extensive pattern protection security, thwarting metadata analysis for those who require heightened privacy with moderate performance.", "rank": "0" }

Investors interested in NYM are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.