what's up everyone i'm mike and welcome back to top crypto and today we're going to talk about
another high potential project called nim network but before we start please notice our disclaimer
since i am not a financial advisor this video is for informational and educational purposes only
so without further ado let's begin to our topic the nin network is a decentralized
and incentivized infrastructure that provides anonymity to a diverse set of message-based apps
and services nim's primary component is a mixnet that secures network traffic information for apps
offering communication privacy superior to vpns and tour against global enemies
that can monitor the whole internet mixnet nodes are rewarded by an innovative proof of
mixing mechanism that demonstrates that mixed nodes are providing a high grade of service
nim token rewards enable anybody to join the nin network and establish a viable
economic paradigm for privacy nim tokens may be converted into anonymous credentials
allowing users to discreetly and verifiably establish their right to use services
the nin network may serve as the foundation for a wide range of privacy enhanced apps that
protect people's basic freedoms throughout the world from traffic analysis by strong enemies
the nim mixnet is a multi-purpose mixnet that protects against traffic analysis by an enemy
capable of monitoring the whole network including the nsa the nim token encourages anonymity
and is used to make mixnet more decentralized sustainable and robust allow third-party apps to
anonymize any arbitrary key value pairs allowing users to discretely share part or all of their
data as needed for compliance and authentication nim preserves your privacy at the network layer
by encrypting and relaying your internet traffic across a multi-layered network known as a mixnet
mixed nodes in each tier of the mixnet mix your internet traffic with that of other users making
communications private and obscuring your metadata nims mixnet is both rewarded and decentralized
users must pay a price in nym to communicate data over the mixnet anyone can run a mixed
node by offering an initial bond of nym node runners are then compensated in nym tokens for
delivering high quality service mixing packets and ensuring end user anonymity this is known
as proof of mixing and it works similarly to how bitcoin compensates miners for mining new blocks
the mixnet can scale and decentralize thanks to the incentive system nim is compatible with any
application no contemporary layer one blockchain from bitcoin to z cash supports layer zero privacy
for the peer-to-peer broadcasts utilized in every transaction nim can provide network level privacy
for any blockchain application as well as other general applications from bitcoin to instant
messaging developers may build their apps on top of nim to safeguard their users network layer and
metadata vpns are the most often utilized network level privacy solutions although vpns can conceal
a user specific ip address they are a centralized solution this means that vpn providers may fully
monitor all network traffic between their customers and the public internet allowing
them to know exactly what services their consumers are using at any given moment furthermore vpns
provide little security against sophisticated network threats tor attempts to address this
issue by passing a circuit across three relays which gives more anonymity than single node vpns
tor encrypts communication several times allowing only the final tor node to view the destination
towards anonymity qualities on the other hand can be overcome by an entity such as
an intelligence agency capable of monitoring the whole tor network's entry and exit nodes
tor does not utilize temporal obfuscation or cover traffic to disguise traffic patterns
in circuits that might be exploited to correlate flows and de-anonymize users
tor's design on the other hand is projected to remain best of breed for web surfing
and other stream based communications nim can provide enhanced network level anonymity
for bitcoin transactions email instant messaging and other message based traffic
by using cover traffic and time obfuscation nim's mixnet architecture ensures network anonymity and
resistance to surveillance even in the face of attackers capable of monitoring the whole network
the nim mixnet is decentralized rather than being managed by a trusted provider as it employs
blockchain technology and economic incentives to decentralize the network nin node operators
are motivated to run nodes while maintaining high service quality and availability software updates
are governed by community adoption with node operators and token holders making decisions
the nim desktop wallet safeguards your currencies
the wallet may also be used to bind money on a node and communicate with it or delegate to
other nodes in future editions you will be able to utilize the wallet to gain access to the nim
mixnet's high network privacy nin mixnet is a decentralized network of mixed nodes and
gateways operated by node operators who will be compensated for providing high quality service
validators keep the nim blockchain running by signing transactions and ensuring that everyone
sees the same view of the network nim validators are not currently available to the general public
but they will be available on the main net where validators will be able to join permissionlessly
their goal is to make it as simple as possible for developers to build on nim or link their
current apps to the nim infrastructure to take use of built-in privacy enhancement capabilities
the nim mixnet's native token is nym it is a utility token that is used to get access
to the mixnet for privacy safeguards as well as to provide reputation and rewards to the
nodes who manage the infrastructure users will access the mixnet using nym tokens
passing their data across the mixnet for improved privacy in nym mixed nodes are rewarded for mixing
traffic and getting anonymity to nim network consumers fees received in nym are deposited
into a reward pool and dispersed to mixed nodes based on their reputation and performance
each mixed node's repute is measured in nym people can delegate nym to mixed nodes indicating
their support for the mixed node's reputation and receiving a portion of the mixed node's benefits
people will want to delegate their nym to nodes that offer a good service since they
will be rewarded more frequently nym delegation promotes decentralization and encourages the
mixnet to provide high quality service nym is not a general purpose payment method or
cryptocurrency in the same way that bitcoin is and it should only be used within the nim network
coin list sale trench one will be distributed all at once to coin list hosted wallets on march 31st
2022 trench two two year vesting with quarterly releases distributed to self-hosted nim wallets
not coin list hosted wallets starting on may 3rd 2022 reserve two-year vesting with quarterly
releases starting on march 31st 2022 backers team two-year vesting with quarterly releases starting
on may 3rd 2022 mix mining releases on a monthly schedule mixing rewards will start on march
thirty first twenty twenty two but they won't become liquid until may third twenty twenty two
test net rewards the first batch will be released on may 3rd 2022 with quarterly releases as needed
the roadmap 2018 inception nim's inception in the fall of 2018 at the binance incubator program
2019 fundraise and prototype 2.5 million swiss francs precede funding round closed
initial prototypes in go light paper launched and launched first version of
decentralized mixnet with developers docs 2020 tokenized test net mixnet rebuilt and rust for
performance improvements first tokenized test net opened to the public at chaos computer congress
mixed nodes were on board and decentralized nims directory authority using tendermint
2021 road to mainnet milestone one six million swiss franc series of funding closed launch of
nim network explorer launch of nim block explorer and web wallet onboarding validators and gateways
proof of mixing and delegated staking mechanism building nem private credentials and decentralized
public key infrastructure nym crypto economics and mainnet 2022 client apps an adoption milestone too
improving on sphinx format and serves building nem client applications and guis
including wallet dashboard wallet integrations support for authentication services using the
nim credentials support for private messaging applications and cryptocurrency transactions
2023 enterprise use cases and institutional adoption milestone 3
high speed mixing for handling everyday private internet usage build nim into network stack c
teranet support for decentralized vpns standardize core components of nim at standard bodies like
the ietf and integrations with partners with credentials and mix nets to diversity
and build user base here are the team of nem harry halpen ceo and chairman of scientific board dave
briscisson chief technology officer claudia diaz chief scientist anya payatroska head of research
and many more here are the partners of nim binance labs tioga capital digital currency group
edenblock and many more let's take a look at nim twitter page they started their official page
back at november 2018 and have 27.3 k followers and here are the pinned tweet of nim on twitter
introducing the nym token its purpose and where to get it and that's all for nim come visit our
channel subscribe and watch out for our next videos here at topcrypto thank you for watching