3 January 2020 – Incognito, an open-source project focused on building privacy for the crypto space, has teamed up with the high-throughput, high-security blockchain protocol Zilliqa to deliver reliable privacy solutions for its users, developers and traders. Incognito is a blockchain-agnostic platform that enables complete anonymity for today’s most promising crypto assets.
Notable for its focus on greater financial inclusion, efficiency and mobility, Zilliqa is one of the fastest-growing blockchain projects in one of the world’s fastest-growing economies. Recently, Zilliqa partnered with payments provider Xfers, who have over 500,000 enterprise customers in the SEA region. Xfers is building its SGD-backed stablecoin pilot, StraitsX, on the Zilliqa blockchain. Called XSGD, the stablecoin is pegged 1:1 to the Singapore dollar, and aims to reduce friction in the payments ecosystem while increasing transparency.
In a region where cash is still king, however – privacy is powerful, and essential in making sure the digital future of finance is both accessible and secure.
Open finance is emerging as a key priority for Zilliqa to drive accessible, affordable services for unbanked and underbanked. Incognito’s solutions take heed of these users needs, and offers them a way to preserve their right to privacy in a rapidly digitising world.
The Incognito-Zilliqa bridge gives all holders of native Zilliqa coins access to:
1. Completely confidential asset transfer
Powered by zero-knowledge proofs optimized for mobile, the Incognito Wallet allows users to send, receive and store their assets with complete privacy. The wallet now supports all tokens issued on the Zilliqa blockchain.
For example, ZIL holders simply need to deposit their tokens to the Incognito Wallet to receive a 1:1 privacy version of their coin – pZIL (privacy ZIL). From there, all transactions are completely shielded. All pZIL can be easily swapped back to ZIL at any time.
For a limited time, Incognito is glad to offer the first users their first pZIL for free. [Just click here to join the giveaway].
2. Privacy-first, decentralized crypto trading
The non-custodial, 100% anonymous Incognito pDEX has listed pZIL by supplying liquidity for the first pair – pZIL/PRV. Traders will be able to enjoy complete anonymity and control over their information – protecting them from identity theft, fraud and more.
The pDEX is permission-less. This means users will also be able to list their own currencies and preferred pairs, contribute liquidity and earn trading fees.
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Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications. Developed through academic research and helmed by a team of experienced scientists, engineers, venture creators and leaders in the financial services, Zilliqa addresses limitations in scalability and security, enabling real-world usability across a variety of industries, including finance, digital advertising, and gaming. In 2019, Zilliqa became the first public blockchain platform to be built on sharded architecture, with smart contracts written in the platform’s secure-by-design programming language, Scilla. For more information, visit: zilliqa.com
Incognito is an open-source project devoted to tackling the crypto world’s privacy problem. It is a decentralized platform for privacy tokens, powered by its own proof-of-stake sidechain that can attach to other blockchains to confidentially transfer crypto assets. Built on this sidechain, the Incognito pDEX is a truly anonymous decentralized exchange. Blockchain agnostic and powered by zero-knowledge proofs, it delivers a privacy-first, mobile-optimized, cross-chain trading experience.
Incognito utilizes zero-knowledge proofs optimized for mobile and achieves near-instant transaction speeds through state sharding. For more information, visit: incognito.org