Nym – a privacy web startup - aims to be the best fit for “bitcoin and Layer 2 solutions” and has plans to maybe even integrate its technology with protocols like Lightning Network, Nym CEO Harry Halpin said in an interview.
The three-year-old Switzerland-based company uses mixnet, where node operators are rewarded with tokens to mix internet traffic and make it harder for adversaries to get information at the highest level, including nation-state level mass surveillance like NSA.
Nym also offers privacy credential services to allow users to only allow access to part of their activity when required without revealing their identity.
“Encryption is becoming an incredibly important component of the internet today, and Nym provides privacy at the very bottom layer as a foundation for other private solutions to be built on top,” said Ali Yahya, general partner at Andreessen Horowitz.