1 year ago
Layer 1 blockchain NEAR volition integrate Nym Technologies’ information privateness and encryption services for users and DApps operating crossed its ecosystem.
Layer 1 protocol NEAR has tapped blockchain information steadfast Nym to supply end-to-end encryption and metadata privateness services for its ecosystem.
Nym, which provides blockchain agnostic ‘layer 0’ privateness infrastructure, volition avail its mixnet tools to encrypt and cloak blockchain postulation and connection crossed the NEAR Protocol ecosystem.
Masking off-chain metadata postulation volition support transaction information during connection and make a obstruction for malicious actors looking to de-anonymize users done entree to IP addresses.
An announcement from the collaborating projects notes that NEAR users volition beryllium capable to entree ecosystem decentralized applications (DApps), DeFi protocols and NFTs with added information and privacy.
Nym’s integration aims to supply added privateness to the NEAR ecosystem, fixed that permissionless blockchains typically let for transaction information and immoderate off-chain accusation including IP addresses and geolocation information to beryllium accessed by savvy users.
This provides a vector for unwanted surveillance, targeted attacks and cybercrime. A connection from Nym CEO Harry Halpin highlights the value of privacy-preserving tools to amended the nascent Web3 space:
“Blockchain exertion is simply a ample alteration successful integer communications but it’s an unfastened concealed that by their precise nature, blockchains are not private. Only weaving privateness into the cloth of Web3 tin guarantee its success.”Nym’s mixnet protects blockchain postulation from elaborate investigation by splitting information into encrypted packets that are past sent to “mix nodes” astir the world. “Cover traffic” is randomly inserted into the premix to supply greater obfuscation of the connection system, greatly expanding the trouble of metadata analysis.
NEAR Foundation CEO Chris Donovan notes that Nym’s exertion volition spend ecosystem participants greater privateness erstwhile utilizing the protocol and speaks to the ethos of privacy-enhancing services:
“Privacy is simply a cardinal quality close and a cornerstone of the Web3 imaginativeness to make a much secure, user-centric and user-empowered web.”As Cointelegraph reported successful October 2023, Nym Technologies launched a $300 cardinal money to place and enactment Web3 projects gathering security-focused infrastructure. The money volition initially look to enactment wallets and platforms that store backstage keys that interact and negociate entree to DApps arsenic good arsenic RPC protocols and open-source Web3 tools and services.
Magazine: Ethereum restaking: Blockchain innovation oregon unsafe location of cards?
English (US) 