Nym CEO Launches Ultra-Private VPN Based on Blockchain Technology to Protect User Data
Harry Halpin, CEO of Nym, has launched a new VPN called NymVPN that claims not to sell customer data. The VPN uses Blockchain technology to create "self-sustaining economics" and relies on a blockchain to coordinate the operation of its network. The VPN market is worth over $50bn, but VPNs are often private-in-name-only, according to industry leaders. Halpin's startup, Nym, recently launched its new VPN, NymVPN, which uses mix-nets to conceal a user's online activity and identity. However, the company must solve the challenge of creating a mix-net that performs at usable speeds, and its reliance on demand for its blockchain and higher prices for its token as its VPN's funding mechanism is risky.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Saudi’s Kingdom Holding Remains Cautious on Crypto Despite Surge in MENA Region Adoption
CME Group clarifies no official decision made on XRP, Solana futures contracts
Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.
EU Orders Removal of Non-Compliant Stablecoins by March 2025