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.
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.