What is NYM ?
Nym is an open source privacy-focused platform that enables users to create new, safe and decentralized digital identities. It is powered by Mixnets, a combination of blockchain, cryptography and network nodes that adds anonymity and security to transactions, as well as proof-of-stake and incentivized rewards, both of which offer financial rewards for network participation. By leveraging a network of distributed, anonymous nodes, Nym offers a trusted and private communication layer where no single user can own or control the entire network. Together, Mixnets and Nym ensure that user data is protected from third parties, hackers, governments and other prying eyes, allowing users to control how and when data is shared. Nym also provides tools and services that can help developers, businesses and organizations build decentralized applications (DApps) and interfaces, as well as services for individuals to manage data access. Nym’s platform is built on top of cutting edge technologies, including cryptographic techniques such as zero-knowledge proofs, homomorphic encryption and digital signatures, which offer strong security and privacy for us
What is a nym wallet, and how to install it?
Nym wallet is a secure digital wallet that stores cryptocurrencies, typically held on a specialized blockchain. It can be used for secure and private transactions with full anonymity for users. Nym wallets allow users to freely and securely transact without having to disclose any personal information, making them ideal for those seeking privacy.
How install NYM wallet?
First you need to go to the official nym website, then go to the "download" tab and select nym wallet.
Then you need to select your operating system (in my case it is Windows) after selecting your system press the "download" button and it will download
after installing a wallet you need to click to create an account (if you already have a wallet it can be imported by the seed phrase), then you will have your mnemonic of 24 words write it on a piece of paper, and keep your mnemonic in a safe place, such as in a safe or on an electronic media with a password.
After you have written down the mnemonic, press the "continue" button.
Now you need to put the six words by their numbers.
The last item left is to think of a password and press the button "next".
Congratulations on creating a wallet, now you can explore its functionality on this link.
