Nym, the project that aims to (totally) protect online privacy
How do you remain anonymous in the digital world? That's the problem Nym is trying to solve. To achieve this, the Swiss company, which raised $50 million in 2022, has created a new infrastructure capable of masking the metadata we leave on the Internet, whether it's a WhatsApp communication or a bitcoin transaction. An effective solution? We spoke directly to some of its teams in Neuchâtel, Switzerland. 🇨🇭
You've probably already heard that bitcoin was an "anonymous" currency, that no one could "identify" you... So, at the risk of disappointing you (or reassuring you), that's not the case. 😅
Even though Bitcoin was invented by defenders of online privacy (the famous "cypherpunks"), the protocol does not act like a cloak of invisibility. And for good reason, the blockchain allows all transactions to be observed. 🔍
There are certainly a few ways of keeping a low profile:
👉 multiplying the number of wallets
👉 limiting the transactions between them
👉 using decentralised applications (Uniswap, Paraswap, etc.) to avoid having to provide your identity
But NOTHING guarantees real anonymity 👤.
Some data such as your IP address, and in general all the metadata (a metadata is a piece of data used to define or describe another piece of data) of electronic communications will always be available.