To pay for e-commerce products, you can use normal payment methods like a credit card, bank transfer, specific payment gateway like Amazon Pay, Samsung Pay, Paypal, etc. But with the development of cryptocurrency, now you can also pay for your orders in crypto with ease. One issue, however, is that such crypto transactions are stored publicly and link directly to you.
Incognito has a mobile wallet app where you can anonymously buy, sell, send, store, and invest crypto for free. It gives you a way to engage in eCommerce without sacrificing your privacy.
But it’s not just a wallet and privacy DEX (decentralized crypto exchange). You can also invest your crypto in a liquidity pool and earn up to 9% APY for BTC and XMR, 28% APY for PRV, and up to 8% for other ETH and other cryptocurrencies. Learn How >
Welcome to the very first issue of the Incognito newsletter: short and sweet notes containing announcements, updates and reading recommendations.
There’s always so much going on in so many different channels, so we wanted you to have a place to keep track of it all. We’ll be publishing these every week on the blog – leave us your email address on the left, and we’ll send them directly to your inbox.
1. pDEX is officially LIVE! The first pairs are pBTC/PRV, pBTC/pUSDT, and pUSDT/PRV. Just tap the little pDEX icon at the bottom of your screen to get started – make sure you have the latest version of the Incognito Wallet!
USDC is one of the most successful responses to the concern that for Satoshi’s new electronic payment system to work on a larger scale, transacted currencies need to maintain a stable value. With USDC, you can comfortably make daily purchases with crypto, or accept crypto at your business.
Harmony ONE tokens swap privately with Incognito Privacy Wallet. This will enable users to hold, send and receive their tokens in complete privacy, thanks to a bridge built between Incognito and Ethereum.
Holders of TOMO will now be able to send, receive and store their tokens with total privacy. Incognito is excited to announce that a bridge has been built between TomoChain and the Incognito sidechain, allowing TOMO holders the option of enabling incognito mode for their crypto whenever needed.
“TomoChain is one of the most exciting projects in this space today,” said Duy Huynh, founder of Incognito. “The team and community continually develop and acquire use cases for its technology; with Incognito, they now have an option to enable privacy for not just TOMO, but also TRC20 tokens and dApps created on TomoChain.”
UPDATE (11 December 2019): Now anyone can be a liquidity provider! For instructions on how to add your own pair or supply liquidity for an existing pair, scroll to the bottom of this article.
pDEX is a different kind of exchange. It’s non-custodial (which means your money is actually yours), it’s decentralized (built entirely on-chain), and because it’s powered by Incognito — it’s completely anonymous, of course.
It also facilitates instant matches by means of an automated market-making mechanism (more on this in a bit), and offers a chance for anyone to become a liquidity provider and earn a percentage of trading fees.
Current blockchain interoperability solutions mostly involve building ad-hoc bridges (Cosmos, Polkadot). As the number of blockchains increases, doing it ad-hoc is no longer an option. We just can’t build N2 bridges.
Scheduled for Q1 2020, Incognito Portal takes a different approach: build once, work with any blockchain. Portal is a general bridge design that connects Incognito to any number of blockchains, allowing for secure two-way transfers of crypto whenever privacy is needed. This means any coin can now be a privacy coin.
The Incognito platform makes it dead simple to issue your own privacy coin. Choose a name, symbol and the total supply of tokens, and a new privacy coin will be created on the Incognito blockchain. Send and receive coins using the built-in QR scanner, or with your Incognito Address.
The first generation of exchanges includes centralized exchanges like Binance and Coinbase. The second generation of exchanges comprises of decentralized exchanges (DEX) like Bancor, Kyber, and Uniswap. pDEX is an upgraded DEX. Like decentralized exchanges, it is trustless. It also implements additional features such as privacy via zero-knowledge proofs, high throughput via sharding, and inter-blockchain trading via interoperable bridges.
Incognito is live! It’s the beginning of a better, safer internet. This document details the key parameters for Incognito Mainnet v0, and provides the reasons why we selected the initial values for these parameters.
Some of these parameters will likely be fine-tuned over time. Parameter fine-tuning is a crucial part of the Incognito mechanism design. Parameter fine-tuning responsibility is initially handled by the core team, but will be and gradually transferred to the community once self-governance is implemented in early 2020.
The world’s first platform for privacy tokens is officially live.
1 wild year, 12,000+ commits, 1M+ lines of code, 14 public Github repositories, 700+ nodes, and 3000+ wallet downloads later – the mainnet is finally here.
If you’re just joining us, welcome! Incognito is the very first platform for privacy tokens – an open-source, self-funded project that hopes to tackle one of the biggest threats to the crypto space. Incognito is not a privacy token. It’s an entire mode.
Anyone can now turn on incognito mode for their favorite coins, to privately send, receive and store their BTC, ETH, BNB and more. Anyone can now issue their own privacy tokens in under a minute, and build their own privacy-focused applications on the Incognito Chain. The mainnet launch brings us one step closer to delivering privacy by default, for our new economy and for the new decentralized web.
Since launch, hundreds of clever little Node devices have been adopted into loving homes. We couldn’t be more excited, or more grateful for the support. Our hardware team is absolutely stoked.
We also received many excellent questions from potential Node adopters. It’s important to us that everyone who buys a Node does so with all the information they need, so here are the most frequently asked Qs.
Incognito is a high-throughput proof-of-stake sidechain, made possible by the implementation of state sharding. Incognito takes a practical approach in designing and implementing its consensus mechanism, based on previous research and existing engineering by OmniLedger, Bitcoin, Ethereum 2.0, and Zilliqa.
The Incognito sidechain can be attached to any blockchain to conduct confidential asset transfer — in this case, Ethereum. The Incognito sidechain runs parallel to main blockchains, allowing for secure two-way transfers of crypto assets whenever privacy is needed.
This post will detail the means by which Incognito enables 100% confidential transfers of ETH and ERC20 tokens.
Things have moved so quickly since the testnet launch in July, thanks in large part to our wonderful growing community:
To all our new validators — thanks for hosting nodes! Thanks also for being so patient with us, and for helping us flag and resolve issues. Being the first requires a certain amount of daring, curiosity and conviction, and we really appreciate the vote of confidence.
Here’s an overview of our progress in the past month, and a view into what’s next.
Right now, if you send, receive or store BNB, that’s all entirely visible on the Binance Explorer. Anyone can uncover your BNB holdings and activity with a single click. Having the choice of privacy is really important — that’s why we built the Incognito-Binance Chain bridge and a super simple mobile interface.
This article will cover how to activate incognito mode for your BNB.
Every idea starts with a problem. Ours was simple: blockchain data is public.
Duy was running Autonomous where he paid a team of 100+ people in 6 different countries with an ERC20 stablecoin. While he saved processing time and money on international wire fees, employee salaries were exposed publicly on the Ethereum blockchain. It was a mess.
Many of the team had similar experiences, frustrated at how hard it was to send, receive and store crypto privately, even in a rapidly tokenizing world. No one wants to show their bank statements to the entire world.
We started Incognito to create an alternative — the choice of privacy whenever needed, simple for anyone to obtain. Incognito mode for blockchains.