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22 September 2020

Privacy Company Nym Is Offering Bitcoin to Initial Testers of Its New Software | Live Bitcoin News

Privacy Company Nym Is Offering Bitcoin to Initial Testers of Its New Software | Live Bitcoin News


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The company has designed software that works to hide metadata and prevent tracking at a network level.

The software at Nym works through what’s known as a “mixnet.” The company mixes several bits of data and information together to make the person’s identity obscure.

In a mixnet, all the data packets get shuffled around, and then they’re emitted in a different order than [how] they came in, with a small delay.

Basically, a mixnet acts like a game of Yahtzee, where the dice are data packs.

It transforms it into Sphinx packets (the same format Lightning uses but invented for mixnets) and sends the traffic through the Nym mixnet

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