"The Lightning Network (LN), the Manhattan Project of Bitcoin, was supposed to give us everything we ever wanted for Bitcoin: scalability and privacy, while still staying super decentralized and non-custodial. While being non-custodial (it just requires you to run your own lightning node with a hot wallet, what could possibly go wrong), it requires your wallet to be online in order to receive a payment. As of today there are 3,735.09 BTC locked in lightning channels (source: 1ML), a whopping 0.017786% of the circulating supply. The top 10 nodes hold ~ 64 % of the advertised channel capacity, with the single largest node (ACINQ) holding ~11 % (source also: 1ML), which is exactly the hub and spoke network topology that early critics of LN predicted." @Frank Braun

Privacy needs to be baked into L1

Privacy is the absence of information leakage and that implies it comes from value at rest, not value in motion. And privacy at rest can only be ga...

#privacy #monero #zcash #lightning

"The zk-nym scheme enables the creation and use of unlinkable, rerandomisable anonymous access credentials that are 'spent' with Gateways in order to anonymously prove that someone has paid for Mixnet access. [...] zk-nyms allow for users to pay for Mixnet access in a manner that is unlinkable to their payment account; even with pseudonymous cryptocurrencies or fiat. This solves one of the fundamental privacy problems with the majority of VPNs and dVPNs in production today: the linkability of a user's session with their payment information, which can in the majority of cases be easily used to deanonymise them, either at the behest of an authority or by the service operators themselves."

Nym docs

What are zk-nyms? – Nextra

Nym's network documentation covering network architecture, node types, tokenomics, and cryptography.

#privacy #vpn #nymvpn