{"id":413137,"date":"2024-04-18T14:00:43","date_gmt":"2024-04-18T13:00:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=413137"},"modified":"2024-04-18T13:00:07","modified_gmt":"2024-04-18T12:00:07","slug":"nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security\/","title":{"rendered":"Nym Technologies joins Liquid Federation to boost Bitcoin layer-2 privacy and security"},"content":{"rendered":"

Web3 privacy-focused infrastructure provider Nym<\/a> Technologies has joined Liquid Federation to support the growing Bitcoin layer-2 ecosystem, according to an April 18 statement shared with CryptoSlate<\/em>.<\/p>\n

The Liquid Federation is a group of crypto-native organizations, including exchanges, trading desks, and developers, that perform vital tasks for the premier Bitcoin<\/a> sidechain, Liquid Network<\/a>.<\/p>\n

‘Enhancing privacy'<\/h2>\n

As part of its engagement, Nym Technologies assumes a crucial role as one of the 15 dispersed functionary node operators for Liquid Network.<\/p>\n

These specialized nodes, housed in tamper-proof Hardware Security Modules (HSMs), are crucial in managing the Liquid Network's core infrastructure and transactions. This includes proposing and signing blocks, overseeing the two-way Bitcoin peg, and safeguarding the network's BTC reserves through a distributed multi-signature wallet.<\/p>\n

Meanwhile, the collaboration between Nym, the Liquid Federation, and Blockstream<\/a>, the Liquid's technical provider, signifies the first step towards a broader vision.<\/p>\n

As per the official statement, the partnership aims to integrate Liquid functionality into the Nym mixnet, bolstering transaction confidentiality during transit and elevating privacy standards for Bitcoin layer-2 users.<\/p>\n

Nym's mixnet is a foundational privacy infrastructure at layer-0, adaptable to any blockchain and adept at concealing traffic, fortifying privacy, and enhancing security for users and validators alike.<\/p>\n

Dr. Adam Back<\/a>, CEO and co-founder of Blockstream, said:<\/p>\n

“Liquid's Confidential Transactions, which rely on homomorphic encryption, are designed to keep transaction details confidential while protecting the network's integrity and security. Nym's decision to become a Liquid functionary underscores our shared commitment to enhancing privacy within the Bitcoin layer-2 ecosystem”<\/p><\/blockquote>\n

Harry Halpin, CEO of Nym Technologies, expressed excitement about Nym's closer collaboration with Liquid and Blockstream following years of diligent development.<\/p>\n

Notably, the partnership coincides with the impending fourth Bitcoin halving event, which would reduce block rewards to 3.25 BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Web3 privacy-focused infrastructure provider Nym Technologies has joined Liquid Federation to support the growing Bitcoin layer-2 ecosystem, according to an April 18 statement shared with CryptoSlate. The Liquid Federation is a group of crypto-native organizations, including exchanges, trading desks, and developers, that perform vital tasks for the premier Bitcoin sidechain, Liquid Network. ‘Enhancing privacy’ As […]<\/p>\n","protected":false},"author":720,"featured_media":413149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77497],"tags":[76769,79433,79432],"post_folder":[],"acf":[],"yoast_head":"\nNym Technologies joins Liquid Federation to boost Bitcoin layer-2 privacy and security<\/title>\n<meta name=\"description\" content=\"Bitcoin layer-2 networks receives privacy boost through Nym Technologies and Liquid Federation collaboration.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nym Technologies joins Liquid Federation to boost Bitcoin layer-2 privacy and security\" \/>\n<meta property=\"og:description\" content=\"Bitcoin layer-2 networks receives privacy boost through Nym Technologies and Liquid Federation collaboration.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T13:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-18T12:00:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/04\/bitcoin-layer2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/nym-technologies-joins-liquid-federation-to-boost-bitcoin-layer-2-privacy-and-security\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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