Nym Technologies opens a new era for digital security with NymVPN

Built on a decentralized network, NymVPN leverages blockchain technology and a mixed network to offer a comprehensive, unified security solution

Neuchâtel, Switzerland, November 2, 2023 : Nym Technologies, the privacy infrastructure project backed by Binance Labs and a16z, announces the upcoming launch and more information for its highly anticipated NymVPN in Q1 2024. The latter brings together a decentralized VPN and a mixnet on the same network to provide users with the highest level of privacy and security for all their online activities.

Unlike centralized VPNs, which pass all your data through a single server, NymVPN disperses your traffic across a network of nodes. This architectural change significantly strengthens online privacy by making it much more difficult to eavesdrop on user activities. NymVPN operates on a decentralized network of relay nodes managed by individuals, which eliminates any central authority, reducing the risk of data misuse and surveillance. In a world where many people face censorship, especially in regions where the internet is heavily restricted, NymVPN emerges as a powerful solution that builds on the infrastructure created by the Nym mixnet network. It excels at evading detection and blocking, providing an effective way to bypass online restrictions.

According to IBM report on the cost of data breaches released in 202144% of data breaches expose personal information, such as email, address, and full name. In the first half of 2022, more than 80 million data breaches took place, reaching more than 53 million users in the United States alone. And this, in just 6 months. NymVPN serves as a digital cloak, fortifying the security of users’ personal and sensitive information. It protects them against the growing threats of eavesdropping, data breaches, surveillance and identity theft. At the same time, it allows them to access the immense wealth of information that the internet has to offer.

We believe that privacy is a fundamental right, and our vision has always been to empower individuals to take full control of their online security.

Harry Halpin, CEO and co-founder of Nym Technologies

This is precisely what NymVPN offers. It offers users a tool that allows them to take control of their privacy for once, offering them both a decentralized VPN and mixed networking technologies, to provide an unparalleled level of privacy and security on the Internet . Our goal is to provide people around the world with unhindered access to the information and resources they seek. We found that many users cannot use our mixnet due to censorship, so we will be launching a new NymVPN product soon. As the digital landscape evolves, NymVPN will evolve with it, actively developing and implementing innovative methods to circumvent censorship and mass surveillance.

When a user purchases access to NymVPN, they can do so using any payment method they choose, including fiat currency and bitcoin. NymVPN leverages zk-nyms technology to provide users with both secure access to the Nym network and a secure private payment method, regardless of currency, to the network’s relay nodes. These cryptographic credentials include proof of payment, guaranteeing user confidentiality during payments. In particular, they prevent any leakage of the user’s identity to the nodes they use. Once payment is made, the majority of a user’s payments, even if they used currencies, are used to purchase NYM tokens to reward nodes.

What further sets NymVPN apart is its ability to automatically tailor its privacy features to each unique use case, giving users the choice between a cutting-edge mixnet and WireGuard decentralized VPN technologies. It will include a built-in kill switch for increased security and split tunneling capabilities to optimize the user’s online experience. Additionally, granular user control allows individuals to set the optimal settings for their specific use, ensuring that all privacy preferences are respected in a comprehensive application.

With NymVPN, users gain access to the extensive Nym network, which has over 600 nodes meticulously supervised by node operators from over 60 countries. This distinctive approach ensures that no individual entity can jeopardize a user’s privacy. The resilience of the Nym network relies on the dedication of its node operators, who receive constant rewards in the form of NYM tokens. Additionally, NymVPN introduces an innovative delegation mechanism, allowing NYM token holders to place their tokens exclusively with node operators they trust. This dynamic delegation system establishes a democratic shield against potential Sybil attacks, thereby strengthening network security.

Alongside this launch, Nym will also release lightpaper VPN. This document is an informative guide that sheds light on the complex workings of this advanced privacy solution. To learn more about NymVPN, visit: nymtech.net

About Nym

Nym is an open-source, incentivized, decentralized privacy system that protects the communication patterns of any application, wallet or digital service. Nym protects against traffic analysis and metadata monitoring. Investors include Binance Labs, Polychain Capital, a16z, Eden Block and the European Commission.