Achieving Network Privacy In Bitcoin: VPNs And Tor Help, But Mixnets Are Needed
Bitcoin’s public and immutable nature necessitates the return of mixnets to achieve true network-level privacy. Source: Nym Technologies SA Bitcoin was initially thought by many to be anonymous digital cash due to the fact that all transactions are conducted as peer-to-peer transfers between wallet addresses which serve as pseudonyms. However, the public nature of Bitcoin’s ledger of transactions (the “blockchain”) means anyone can observe the flow of coins. This means that pseudonymous addresses do not provide any meaningful level of anonymity, since anyone can harvest the counterparty....
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The NYM Innovation Fund will support research on mixnets and privacy-enhancing technologies. Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym's decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi. At the time of publication, the NYM token traded at an average price of $0.92, and its 24-hour....
Cryptocurrency users are finding a growing need for quality virtual private networks (VPNs) to buy and sell their digital assets, as hackers’ eyes follow blockchains and present some danger. This article highlights how to buy seamless, cheap, and highly private VPNs using virtual assets including Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). The world is […]
Amid uncertainty regarding cryptocurrency trading, China has announced a formal ban on the unapproved use of virtual private networks hereinafter VPNs within its borders. Local news outlet Leiphone cites the country’s Ministry of Industry announcing that “without the approval of the telecommunications authorities, gateways including virtual private network VPN and other channels shall not be self-established or leased to carry out cross-border business activities.” VPNs have been a method of bypassing China’s existing blocks on multiple social networking and foreign news sites. The....
Decentralized private networks offer the benefits of VPNs, but with additional advantages that exclude a central point of control. The internet has undoubtedly revolutionized the way we live. It has changed how we work, access information, travel, communicate and interact with each other. Along with it comes a greater level of freedom that we enjoy because of democratizing and decentralizing information. By doing so, the internet has opened up to a greater debate, analysis and scrutiny by the general public on matters that impact them and the world. Thanks to the internet, the sphere of....
In our Bitcoin Breaking News Brief article yesterday, it was mentioned how the ProxyHam Box will not be revealed after all. As sad as the news was to some privacy enthusiasts, there are quite a lot of alternatives available. In fact, most of these devices can be constructed by the end users themselves, with a little hands-on mentality. Accessing an internet connection from anywhere in the world without revealing your physical location or IP address is a major step forward in terms of achieving online privacy. Considering it costs approximately US$235 to build your own ProxyGambit device,....