Incognito
Basics
- Started in:
- Based in:
- A privacy-focused blockchain platform that allows users to anonymize—or “shield”—their Ethereum transactions.
History
Token
- Creates privacy versions; p-tokens, like pETH.
Tech
- Whitepaper can be found [insert here].
Stablecoin
DEX
Privacy Method being used
"Currently, Incognito allows users to anonymize their ether by creating a shielded “copy” of it on the sidechain using zero-knowledge proofs and locking the corresponding amount of the “original” tokens on Ethereum. After that, all transactions that involve shielded ether—so-called pETH—will be executed on Incognito and become fully anonymous.
Simultaneously, pETH always have the same value and can be used just as normal ether. Users can send shielded tokens to other Incognito wallet addresses or to “normal” Ethereum balances—in this case, pETH will be unshielded before arriving on regular ETH wallets.
To achieve this, when tokens become deanonymized, a specified amount of pETH is burned on Incognito while an equal amount of ETH unlocks on Ethereum. The sidechain will hide all internal transactions and only deposits and withdrawals to and from Incognito’s smart contract will be publicly visible."
Oracle Method being used
Governance
Upgrades
Audits
Bugs
- Samczsun found a smart contract vulnerability, it did get fixed (30-9-2020).
Roadmap
"Will soon expand its functionality to decentralized finance (DeFi) platforms, starting with Kyber Network’s mainnet in May. After launching on Kyber, the platform also plans to gradually roll out support for DeFi platforms including 0x, Uniswap and Compound. The resulting shielded tokens will be dubbed pKyber, p0x, pCompound and pUniswap, respectively."
This process is planned to be done by the 15th of July.
Usage
Projects that use or built on it
Pros and Cons
Pros
Cons
Competition
Big Holders
Team, investors, Partnerships, etc.
Team
- Andrey Bugaevski; ecosystem lead and researcher (24-4-2020)
Investors
Partners
"Zilliqa and Binance entered into partnerships with Incognito. The platform was also awarded the Binance X fellowship—a program developed to support researchers in creating open-source software for the crypto ecosystem."