Nym to Conduct Chain Upgrade on February 19th

Nym’s blockchain Nyx is scheduled to undergo a chain upgrade at block height 16,868,000, estimated to occur on Wednesday, February 19, 2025 (UTC). During this period, services using the Nyx chain may experience momentary disruption. Refer to the official tweet by NYM: 📢 Nym’s blockchain Nyx is undergoing a chain upgrade at block height 16868000 - estimated to this coming Wednesday.Services using the Nyx chain might experience a momentary disruption. This includes bonding or staking , on-chain transactions and the issuance of zk-nyms.…NYM InfoUsers employ NYM tokens to gain access to the mixnet, consequently improving the privacy of their data. NYM is also used as a reward for mix nodes in exchange for their services in traffic mixing and privacy assurance for Nym network users.Fees accumulated in NYM are directed to a reward pool and later distributed amongst mix nodes, based on their performance and reputation. Each mix node's reputation is quantified in NYM tokens. Moreover, users have the option to delegate their NYM tokens to mix nodes. This action serves as a validation of a mix node's reputation and grants the user a portion of the mix node's rewards. Users are encouraged to delegate their NYM to nodes that consistently deliver quality services as it increases their likelihood of earning rewards.However, it should be noted that NYM is not a general-purpose payment mechanism or a typical cryptocurrency, such as Bitcoin. Its utilization is exclusively intended for activities within the Nym network.