Nym
Current price
$0.0254
−3.57%24h
LiveUpdated 37s ago
TodayNym falls 3.6%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−1.78%
- 24 hours−3.57%
- 7 days−3.93%
- 30 days+11.03%
- 1 year−44.70%
Nym's move in context
Moving with the market
−3.57% today, close to the whole market (−3.26%). Nothing specific to Nym stands out in the price.
Trend has turned
−3.9% over 7 days and +11.0% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Nym
Overview
Nym is a revolutionary cryptocurrency designed to enhance privacy and anonymity in digital communications and transactions. Its core mission is to provide users with a layer of privacy that goes beyond what traditional cryptocurrencies offer. Unlike Bitcoin and Ethereum, which can expose user transaction histories, Nym employs advanced technologies to obscure user identities and data, allowing for a more secure and private online experience. One of Nym's distinguishing features is its use of a mixnet architecture, which anonymizes traffic data and helps protect users from surveillance and profiling by malicious actors, including governments and corporations.
Technical Features
Nym utilizes a unique consensus mechanism called the "mixnet," which is a blend of various cryptographic protocols and technologies. The mixnet architecture consists of several nodes that shuffle and encrypt user data packets, making it nearly impossible to trace the origin of any individual transaction. This security model ensures high levels of privacy, challenging any attempts at surveillance. Additionally, Nym employs advanced algorithms to maintain network integrity while enabling scalability. Users can participate in the network by running their own nodes, contributing to the decentralized nature of the platform while earning rewards for their efforts. Nym also integrates existing blockchain technologies to record data in a secure ledger while keeping identities obscured, further enhancing its privacy-centric objective.
Use Cases
Nym serves multiple use cases primarily centered around enhanced privacy. As a participant in the decentralized finance (DeFi) ecosystem, it allows users to transact without revealing their identities, thereby protecting sensitive financial information. Nym is positioned as an enabler for secure cross-border payments, allowing individuals and businesses to send funds without the risk of surveillance. Additionally, Nym can facilitate private governance structures, where voting and governance decisions can be made anonymously. Its technology also paves the way for privacy-focused decentralized applications (dApps) and can play a significant role in the development of non-fungible tokens (NFTs) that prioritize user confidentiality.
Development Background
Nym was founded by a team of privacy advocates and blockchain developers, including notable figures in the cryptography field. The project originated from a belief in the necessity of privacy in the digital age. Since its inception, Nym has experienced significant milestones, including the launch of its testnet, partnerships with leading privacy organizations, and ongoing contributions from a vibrant developer community. The project has garnered attention from privacy advocates, tech enthusiasts, and financial institutions looking to leverage its capabilities in various sectors.
Community and Ecosystem
The Nym community is robust and diverse, consisting of developers, privacy enthusiasts, and users who advocate for digital rights. The ecosystem is supported by numerous partnerships with organizations focused on data protection and privacy technologies. Various applications and projects are being built on top of the Nym infrastructure, emphasizing privacy and security. Additionally, active discussions within the community take place on forums and social media platforms, creating an engaging environment for knowledge-sharing and collaborative development efforts.
Future Potential
The future potential of Nym is immense, given its focus on privacy at a time when data protection is increasingly becoming a priority globally. As technological advancements and regulations evolve around digital privacy, Nym’s infrastructure could become essential for a wide range of applications. Upcoming features include enhancements to its network architecture, expanded partnerships to foster broader adoption, and developments aimed at further increasing user anonymity and transaction speeds. The roadmap showcases a clear commitment to bolstering privacy protections in a rapidly changing digital landscape, positioning Nym as a critical player in the future of decentralized communication and finance.
Nym market
- Position by market cap among the coins we track.
- #322
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $20.7M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0254High $0.0265
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $5.76
- Now 0% of itReached 15 Apr 2022 · Needs +22,559% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 814.22M NYM
- 81% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1B NYM
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B NYM
- The most coins that can ever exist. Some coins have no limit.
Nym converter
1 Nym = $0.0254
