Nyks

NYKS

Nyks is an independent Layer 1 blockchain designed for private UTXO-based transfers and verifiable computation. Transactions use a public kernel containing removal records, addition commitments, fees, timestamps and announcements, while hidden UTXO data and script execution are validated through zk-STARK proofs generated for Triton VM. The protocol uses Tip5 for STARK-friendly hashing and Proof of Work, and a Mutator Set accumulator with Merkle Mountain Ranges to represent spendability without maintaining a conventional explicit UTXO database. NYKS is the network's native coin and the project is preparing for mainnet launch.