PrivacyInBlockchain
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Nym Token Economics
The Nyx blockchain’s smart contracts provide power. $NYM token economics is the driving force behind the Nym mixnet and the future private internet.People from all around the world contribute to the privacy system by operating and staking on privacy mix nodes. The native $NYM utility token is used to rank and reward mix nodes, as well as to pay for mixnet access and use.Due to the fact that openness and transparency are critical to the Nym goal, this article will provide a detailed description of the smart contracts that govern the token economics of Nym.The Nym mixnet is powered by a pair of smart contracts operating on the Nyx blockchain. The Nyx blockchain, a layer-1 blockchain built on the Cosmos SDK, is written in Rust and compiled to WebAssembly. Nyx addresses begin with ‘n’, much as Ethereum addresses begin with ‘0x’.The following is a quick overview of the economic dynamics of the $NYM token. Let’s learn more about the smart contracts that underpin the Nym mixnet.Economic dynamics of the Nym token in a nutshell:The total supply of $NYM coins is one billion. These are disbursed over time according to a reward and vesting schedule. At the time of writing this article, the circulating supply is $609.4M. The screenshot from coinmarketcap is attached above.A ‘mixmining’ reserve of 250m NYMs is available, with incentives distributed to mix node operators and delegators on a monthly basis. The mixmining reserve now includes 233 million NYM tokens, therefore the vast majority have not yet been distributed.The Nyx (Cosmos) blockchain has produced all NYM tokens. With Celer, NYM tokens can be bridged to Ethereum (ERC-20) and the BNB chain.Coinlist Option 1 purchasers received 47,839,205 NYM (ERC-20) tokens from this address: 0x525A8F6F3Ba4752868cde25164382BfbaE3990e1.Option 2 buyers, backers, validators, and team members are on a vesting schedule, with native NYM coins released quarterly.Native NYM tokens can be staked as a measure of reputation on Nym nodes, removing them from circulation and allowing them to be bonded or delegated on nodes as reputation. They have the ability to be un-bonded and delegated at any time.Nyx is home to two smart contracts that are critical to the Nym mixnet. These are the Mixnet Contract and the Vesting Contract.The Mixnet ContractThe Mixnet Contract, which presently comprises NYM tokens from three sources, facilitates incentives, reputation, and payments.A mixmining reserve is used to bootstrap mix node rewards until paid usage is accessible. The rewards are given out on a monthly basis.Tokens were obtained in order to bond a mixnode. These can be removed.Tokens were obtained in order to delegate stake to a mix node. These can be removed.When paid usage of the Nym mixnet becomes available, this smart contract will receive NYM tokens from persons and services who pay to use the mixnet.The Vesting ContractThe Vesting Contract (393m NYMs at the moment) permits the quarterly distribution of vesting tokens to Coinlist buyers, backers, and team members.Contract address: n1nc5tatafv6eyq7llkr2gv50ff9e22mnf70qgjlv737ktmt4eswrq73f2nwCoinList purchasers are subject to a two-year vesting period that began in May 2022.The vesting period for backers begins in August 2022 and will last two years.The Nym team is on a two-year vesting programme with varying start dates.In conclusion, Nym is establishing the groundwork for an anti-surveillance, open source, transparent, and decentralised private internet.#NYM #NymTech #Privacy #PrivacyInBlockchain
Pourquoi $FIRO ? Parce que la confidentialité est un droit, pas un privilège. Avec Lelantus, MTP, Sigma ,Dandelionet une communauté engagée, $FIRO est votre partenaire pour une finance privée et sécurisée. Rejoignez-nous dans cette révolution. #FIRO #PrivacyInBlockchain
🚨 FIRO/USDT Money Flow Analysis 🚨
🔼 Buy Pressure: 570K $FIRO 🆚 518K $FIRO Sell, net +51.9K buy advantage!
💥 Large Buy Orders: +27.13% 🔥
💥 Medium Buy Orders: +15.65%
👉 Bullish sentiment among big players, while small orders show slight hesitation.
Is $FIRO gearing up for a breakout? 👀🚀
#FIRO #MarketAnalysis #PrivacyInBlockchain
🔼 Buy Pressure: 570K $FIRO 🆚 518K $FIRO Sell, net +51.9K buy advantage!
💥 Large Buy Orders: +27.13% 🔥
💥 Medium Buy Orders: +15.65%
👉 Bullish sentiment among big players, while small orders show slight hesitation.
Is $FIRO gearing up for a breakout? 👀🚀
#FIRO #MarketAnalysis #PrivacyInBlockchain
$FIRO Hard Fork Success: Tokenomics Upgrade Complete
We are pleased to announce that the hard fork implementing the latest tokenomics changes, as voted in by our community, has been successfully completed. This significant upgrade introduces important modifications to our block reward distribution, emission model, and overall sustainability measures.
The success of this transition is a testament to our vibrant ecosystem. We extend our heartfelt gratitude to our dedicated masternode providers, diligent mining pools, and our supportive community members who participated in the finalization of the community polls. Your active involvement and support were crucial in ensuring a smooth and successful upgrade process.
As we move forward, we're excited about the positive impact these changes will have on our network. The core team is currently working on an updated proposed roadmap, which will outline our next steps and future developments. We encourage all community members to stay tuned for this important announcement.
Thank you for your continued support and trust in our project. Together, we're building a stronger, more sustainable future for our ecosystem.
#PrivacyInBlockchain #CryptoNewss
We are pleased to announce that the hard fork implementing the latest tokenomics changes, as voted in by our community, has been successfully completed. This significant upgrade introduces important modifications to our block reward distribution, emission model, and overall sustainability measures.
The success of this transition is a testament to our vibrant ecosystem. We extend our heartfelt gratitude to our dedicated masternode providers, diligent mining pools, and our supportive community members who participated in the finalization of the community polls. Your active involvement and support were crucial in ensuring a smooth and successful upgrade process.
As we move forward, we're excited about the positive impact these changes will have on our network. The core team is currently working on an updated proposed roadmap, which will outline our next steps and future developments. We encourage all community members to stay tuned for this important announcement.
Thank you for your continued support and trust in our project. Together, we're building a stronger, more sustainable future for our ecosystem.
#PrivacyInBlockchain #CryptoNewss
Here's what you need to know today about the future of private crypto transactions.
$FIRO leads in blockchain privacy innovation with Lelantus Spark. This technology offers great features like:
•Flexible Spark addresses to hide transaction amounts
•Non-searchable blockchain transactions
•Efficient threshold signatures
•Incoming/outgoing view key support
Advantages :
•Enhanced privacy
•Modular for upgrades
•Simplified security
•Easy to understand
•Based on established crypto principles
$FIRO ongoing innovation aims to provide the most secure, private crypto experience. As privacy concerns grow, Firo stands out in the crypto space.
Learn more: firo.org
$FIRO #PrivacyInBlockchain #CryptoNewss
$FIRO leads in blockchain privacy innovation with Lelantus Spark. This technology offers great features like:
•Flexible Spark addresses to hide transaction amounts
•Non-searchable blockchain transactions
•Efficient threshold signatures
•Incoming/outgoing view key support
Advantages :
•Enhanced privacy
•Modular for upgrades
•Simplified security
•Easy to understand
•Based on established crypto principles
$FIRO ongoing innovation aims to provide the most secure, private crypto experience. As privacy concerns grow, Firo stands out in the crypto space.
Learn more: firo.org
$FIRO #PrivacyInBlockchain #CryptoNewss
zk-SNARKs: The Key to a More Private Crypto Future
Hey there, crypto enthusiasts! Linkan here to unpack the fascinating world of zk-SNARKs. You've probably heard this term buzzing around the crypto space, and for a good reason. zk-SNARKs, short for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge," are transforming the way we think about privacy in blockchain technology.
What are zk-SNARKs?
Simply put, zk-SNARKs are a form of cryptography that allows one party to prove to another that they know a value, without revealing any information about that value. This groundbreaking technology is a cornerstone in 'privacy coins' like Zcash, providing users with the ability to transact anonymously.
Why zk-SNARKs Matter:
Enhanced Privacy: In an era where data breaches are rampant, zk-SNARKs offer a layer of privacy that traditional blockchains can't.
Improved Scalability: By enabling transactions to be verified without disclosing their contents, zk-SNARKs make blockchain networks more scalable.
Versatility in Use-Cases: Beyond cryptocurrencies, zk-SNARKs have potential applications in secure voting systems, confidential business processes, and more.
The Future with zk-SNARKs:
Imagine a blockchain world where your transactions are completely private, yet verifiable. zk-SNARKs are paving the way for this future. Their ability to ensure privacy while maintaining blockchain's inherent transparency could revolutionize not only cryptocurrencies but multiple industries.
Hashtags:
#zkSNARKsRevolution
#PrivacyInBlockchain
#CryptoFuture
#BlockchainTechnology
#Zcash
Conclusion:
zk-SNARKs represent a leap forward in blockchain privacy and scalability. As we venture further into the digital age, technologies like zk-SNARKs will play a crucial role in securing our online transactions and maintaining privacy.
Disclaimer: As always, this is not financial advice but a deep dive into one of the most exciting technologies in the crypto world.
Hey there, crypto enthusiasts! Linkan here to unpack the fascinating world of zk-SNARKs. You've probably heard this term buzzing around the crypto space, and for a good reason. zk-SNARKs, short for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge," are transforming the way we think about privacy in blockchain technology.
What are zk-SNARKs?
Simply put, zk-SNARKs are a form of cryptography that allows one party to prove to another that they know a value, without revealing any information about that value. This groundbreaking technology is a cornerstone in 'privacy coins' like Zcash, providing users with the ability to transact anonymously.
Why zk-SNARKs Matter:
Enhanced Privacy: In an era where data breaches are rampant, zk-SNARKs offer a layer of privacy that traditional blockchains can't.
Improved Scalability: By enabling transactions to be verified without disclosing their contents, zk-SNARKs make blockchain networks more scalable.
Versatility in Use-Cases: Beyond cryptocurrencies, zk-SNARKs have potential applications in secure voting systems, confidential business processes, and more.
The Future with zk-SNARKs:
Imagine a blockchain world where your transactions are completely private, yet verifiable. zk-SNARKs are paving the way for this future. Their ability to ensure privacy while maintaining blockchain's inherent transparency could revolutionize not only cryptocurrencies but multiple industries.
Hashtags:
#zkSNARKsRevolution
#PrivacyInBlockchain
#CryptoFuture
#BlockchainTechnology
#Zcash
Conclusion:
zk-SNARKs represent a leap forward in blockchain privacy and scalability. As we venture further into the digital age, technologies like zk-SNARKs will play a crucial role in securing our online transactions and maintaining privacy.
Disclaimer: As always, this is not financial advice but a deep dive into one of the most exciting technologies in the crypto world.
$FIRO : decentralized finance that respects privacy
When you choose $FIRO , you're opting for a financial solution that puts privacy at the heart of its priorities.
Data control: You control your financial data.
Enhanced security: Benefit from optimal protection against cyber-attacks.
Fundamental values: Firo is committed to preserving your freedom and anonymity.
#PrivacyInBlockchain
When you choose $FIRO , you're opting for a financial solution that puts privacy at the heart of its priorities.
Data control: You control your financial data.
Enhanced security: Benefit from optimal protection against cyber-attacks.
Fundamental values: Firo is committed to preserving your freedom and anonymity.
#PrivacyInBlockchain
📈 $FIRO is showing some positive momentum, currently priced at $1.10, with a +2.80% increase in the last 24 hours.
👀With a healthy 24-hour trading volume of 365,240 $FIRO and technical indicators suggesting an upward trend (MA(7) crossing above MA(1)), this could be a great entry point for new investors.
As privacy coins become more relevant in the market, @firoorg unique technology like Lelantus Spark is positioning it as a leader in the space. Don’t miss out on the opportunity as $FIRO gains traction! 📈🔐
#FIRO #CryptoMarketMoves #PrivacyInBlockchain
👀With a healthy 24-hour trading volume of 365,240 $FIRO and technical indicators suggesting an upward trend (MA(7) crossing above MA(1)), this could be a great entry point for new investors.
As privacy coins become more relevant in the market, @firoorg unique technology like Lelantus Spark is positioning it as a leader in the space. Don’t miss out on the opportunity as $FIRO gains traction! 📈🔐
#FIRO #CryptoMarketMoves #PrivacyInBlockchain
🚀 Dive into FiroDEX: The Future of Decentralized Trading with Privacy 🚀
Attention all crypto enthusiasts and privacy advocates! Are you ready to revolutionize how you trade cryptocurrencies with unparalleled privacy? Then let's talk about ''FiroDEX'' - where your privacy is not just protected but empowered.
Why FiroDEX?
Privacy by Default: With Firo's focus on privacy, FiroDEX integrates this ethos into its core. Every transaction you make doesn't just move funds; it ensures your privacy remains intact.
Decentralized Trading: Say goodbye to centralized exchanges where your data is tracked and your privacy is compromised. FiroDEX uses atomic swaps, ensuring you remain in control of your funds and privacy.
Cross-Chain Swaps: Whether you're into Ethereum, Binance Smart Chain, or any UTXO-based coins, FiroDEX supports your trading needs without the need for centralized intermediaries.
Innovation with Liquidity Multiplication: Imagine your funds working harder for you. FiroDEX introduces Liquidity Multiplication, allowing your funds to be used in multiple trades simultaneously, increasing liquidity without compromising on your fund's security.
Community-Driven: FiroDEX isn't just about trading; it's about building a community around privacy and decentralization. Your participation in running nodes or providing liquidity directly contributes to the ecosystem's health.
What's New in #FiroDEX ?
Integration with StealthEX: Now, enjoy seamless transactions with complete privacy. StealthEX's platform ensures your transactions are not just secure but also untraceable.
Recent Updates: FiroDEX's latest version enhances user experience with better search functionalities, more coin listings, and improved error handling, ensuring your trading experience is smooth and efficient.
Masternode Rewards: For those looking to contribute more actively, setting up a masternode with $FIRO not only supports the network's security but also rewards you with FIRO. It's like earning while you sleep!
Stay Updated: Follow $FIRO 's official channels for the latest updates, from privacy enhancements to new trading pairs and features.
FiroDEX isn't just another DEX; it's a statement on where the future of cryptocurrency trading is headed - towards privacy, security, and user empowerment. Join us in this journey, where every trade you make is a step towards a more private, secure, and decentralized financial future.
#FiroDEX #PrivacyInBlockchain #DexTrade #FIRO #CryptoPrivacy
Why FiroDEX?
Privacy by Default: With Firo's focus on privacy, FiroDEX integrates this ethos into its core. Every transaction you make doesn't just move funds; it ensures your privacy remains intact.
Decentralized Trading: Say goodbye to centralized exchanges where your data is tracked and your privacy is compromised. FiroDEX uses atomic swaps, ensuring you remain in control of your funds and privacy.
Cross-Chain Swaps: Whether you're into Ethereum, Binance Smart Chain, or any UTXO-based coins, FiroDEX supports your trading needs without the need for centralized intermediaries.
Innovation with Liquidity Multiplication: Imagine your funds working harder for you. FiroDEX introduces Liquidity Multiplication, allowing your funds to be used in multiple trades simultaneously, increasing liquidity without compromising on your fund's security.
Community-Driven: FiroDEX isn't just about trading; it's about building a community around privacy and decentralization. Your participation in running nodes or providing liquidity directly contributes to the ecosystem's health.
What's New in #FiroDEX ?
Integration with StealthEX: Now, enjoy seamless transactions with complete privacy. StealthEX's platform ensures your transactions are not just secure but also untraceable.
Recent Updates: FiroDEX's latest version enhances user experience with better search functionalities, more coin listings, and improved error handling, ensuring your trading experience is smooth and efficient.
Masternode Rewards: For those looking to contribute more actively, setting up a masternode with $FIRO not only supports the network's security but also rewards you with FIRO. It's like earning while you sleep!
Stay Updated: Follow $FIRO 's official channels for the latest updates, from privacy enhancements to new trading pairs and features.
FiroDEX isn't just another DEX; it's a statement on where the future of cryptocurrency trading is headed - towards privacy, security, and user empowerment. Join us in this journey, where every trade you make is a step towards a more private, secure, and decentralized financial future.
#FiroDEX #PrivacyInBlockchain #DexTrade #FIRO #CryptoPrivacy
