Nym partners with Zcash to bring network-layer privacy protections

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Nym Applied sciences mentioned it has acquired a $150,000 grant from Zcash Neighborhood Grants to carry the metadata privateness protections to the Zcash ecosystem.

In a blog post on Feb. 13, Nym Technologies mentioned the collaboration goals to combine the privateness protections of Nym’s mixnet into Zcash‘s (ZEC) infrastructure, providing end-to-end privateness options for Zcash customers and addressing knowledge leakage vulnerabilities.

In line with the announcement, the mixing will contain incorporating Nym’s mixnet into the sunshine consumer libraries developed by Electrical Coin Firm, a non-profit group behind the Zcash ecosystem.

“This effort aligns with our core mission to advance the Zcash community, and underscores ZCG’s dedication to addressing difficult points associated to privateness and safety.”

Jason McGee of Zcash Neighborhood Grants

Not like conventional privateness applied sciences, Nym’s mixnet expects to forestall surveillance adversaries from tracing metadata by encrypting knowledge into identically sized Sphinx packets and distributing them by way of a community of combine nodes.

Commenting on the partnership, Electrical Coin Firm CEO Josh Swihart mentioned that network-level privateness “has been a lacking piece since Zcash’s inception,” including that with Nym’s know-how, the undertaking needs to “deepen protections” for on a regular basis customers.

Initially, Nym Applied sciences CEO Harry Halpin applied for a $670,000 grant to combine the network-level nameless channel into Zcash. Nevertheless, the finances was later downsized to $150,000 because of issues relating to budgetary implications, ZEC worth fluctuations, and uncertainties surrounding the proposed answer’s feasibility.

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