Nym receives $150,000 grant to integrate its mixnet with Zcash | Headlines | News | CoinMarketCap
02/13/2024 20:57
Privacy-focused project Nym is incorporating its mixnet technology into the Zcash network, in collaboration with Zcash development organization …
The Block27 minutes ago
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Published on February 13, 2024 13:30 GMT+00:00edited on February 13, 2024 13:34 GMT+00:00
Privacy-focused project Nym is incorporating its mixnet technology into the Zcash network, in collaboration with Zcash development organization Electric Coin Company. The aim is to enhance privacy protections by addressing the issue of metadata leakage for users.
The integration process involves embedding Nym’s mixnet within the Zcash light client libraries developed by the Electric Coin Company. This will enable developers of Zcash wallets to optionally implement the mixnet’s privacy features. Nym has received a $150,000 community grant from Zcash for this.
“I’m extremely pleased to see Nym come to life on the Zcash network. Network-level privacy has been a missing piece since Zcash’s inception,” said Josh Swihart, CEO of Electric Coin Company.
Nym’s team highlighted the pervasive …