• Nym Technologies successfully generated the first block for its Nym mainnet — Nyx.
• Nym team board validators for maintaining mixnet privacy.
• Nym mixnet token — NYM enables people to run mix nodes in the network and get rewarded.

Privacy infrastructure startup Nym Technologies has successfully generated the first block for its Nym mainnet — Nyx. According to CoinQuora’s information, Nym Technologies is currently onboarding validators like Dokia Capital and Figment. This Nym team will keep the mixnet privacy of the network’s network.

Dominic Vincenz is the Swisscom Fintech Innovation Manager.

Nym is a strong global privacy network, which has been both incentivized as well as decentralized. We are delighted to work with Nym on privacy-enhanced infrastructure development and new data-ownership-centered business models. Data privacy is a key factor in ensuring that decentralized, open networks succeed.

Meanwhile, the networks development team has enabled smart contract uploads to Nym’s Cosmos blockchain. This team created a cost-efficient and lightning fast technology to enable smart contracts execution at speeds of up to 10,000 transactions each second.

Furthermore, the collaboration of CosmWasm, a Web Assembly-based smart contract environment on Cosmos with Nym’s powerful set of validators creates a robust, general-purpose smart contract blockchain that will integrate Coconut privacy features. Nym CTO, Dave Hrycyszyn said,

It is a great feeling to see that the technical and partner decisions made over the last year have paid off. We can now provide a general-purpose smart contract blockchain that serves countless purposes. This step is in the right direction, as it will allow us to expand Coconut functionality (application layer privacy) to an entire developer community.

Nym on the contrary has issued the NYM mixnet token, which allows people to access the mixnet, manage mix nodes and be rewarded.

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