NYM, Nym

📅 Upcoming Events where you can catch Nym! 🇨🇿 ETHPrague 🔒 Web3Privacy now Summit in Prague 👾 MoneroKon in Prague 🇧🇷 CPDP LatAm in Brazil 🇺🇦 Kyiv Ethereum Community x Nym Meetup 🌐 Is Nym coming to you? Hoping to talk #privacy together! See you there!

🔔 A few minutes to go until today's community call with @TutaPrivacy! Links below.

🔏 Why is there a need for decentralised VPNs? 👨‍🔧 Advisor @BenLaurie dives into the main issue with standard VPNs: the provider being able to see everything one does. 🛡️ Mix networks on the other hand, are a technology that put anonymity as the default.

1/8 🔍 Dive into the updates to the Nym node reward system! Here’s what’s changing and why it matters - a thread: 🧵

2/8 🔄 Previously, rewards from the mixmining pool were limited to mix nodes, which are key for anonymising internet traffic. Gateways, responsible for network entry and exit, received only temporary grants.

3/8 🆕 Now, the reward structure has been expanded to include all node types—entry and exit gateways included. This adjustment ensures every contributing layer of the network is recognised and rewarded.

4/8 📈 Gateways facilitate the management of traffic flow within Nym's network. Properly acknowledging their role is essential for sustaining high network performance and comprehensive privacy protection.

5/8 🌍 The revised rewards scheme is designed to motivate node operators based on the quality of their service and the risks associated with internet exposure. This adjustment supports a more robust and equitable network.

6/8 🔧 Nym is now consolidating different node functionalities into a single Nym Node binary. This integration allows for dynamic role assignment according to the network’s immediate needs, enhancing both resource allocation and rewards distribution.

7/8 💡 Fair compensation across all nodes leads to a more dependable and effective service for users. It encourages operators to uphold high operational standards, directly boosting the network's health and privacy functions.