Data Governance Framework for Web 3.0 Applications
Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated data providers.
We’re excited to be able to offer support for BAND tokens here on Incognito – the first-ever platform for privacy tokens.
Right now, if you send, receive or store BAND, that’s all entirely visible on the Ethereum Explorer. Anyone can uncover your BAND holdings and activity with a single click. Having the choice of privacy is really important — that’s why we built the Incognito-Ethereum bridge and a super simple mobile interface.
This article will explain how to participate in #sendBANDprivately to earn free, private, BAND. New to sending BAND privately? Check out the walkthrough here.
Incognito is a platform for privacy tokens, powered by its own proof-of-stake sidechain that attaches to any blockchain to confidentially transfer crypto assets. Developers can also easily create their own privacy tokens on Incognito.
Incognito utilizes zero-knowledge proofs optimized for mobile and achieves near-instant transaction speeds through state sharding.
About BAND Protocol
Band is a protocol for decentralized data governance. We provide an open-source standard and framework for the decentralized management of data in the Web3 technology stack. Band Protocol solves the issues plaguing current data infrastructures and decentralized technologies as a whole. It is estimated that over 1.2 million terabytes of data are stored on the web and currently much of this is unstructured or unreliable. Through a standard framework, Band creates a community-driven data curation ecosystem that is secure, reliable and accessible. Band provides a socially scalable method for widespread adoption and integration of trusted data that all applications can utilize.
5 February 2020 – It is with pleasure that we announce that Waltonchain’s WTC token is now available in the Incognito Wallet and on the pDEX, the world’s first truly private decentralized exchange.
Waltonchain operates in the supply chain sphere, where traceability of stock and transparency are of the utmost importance. However, the inverse is true when it comes to cryptoassets – details of balances and information related to trades are better off hidden, which is where Incognito comes in.
We’re giving WTC holders the option of a privacy version of their token, known as pWTC, so they can transact and store their assets privately.
To obtain pWTC, users simply need to download the Incognito Wallet, available for both AndroidandiOS. With it, they can deposit their WTC and exchange it for the aforementioned privacy version at a rate of 1:1 – enabling them to store, send and receive tokens under the secure veil of anonymity, so that nobody can track or trace their activity of balances. Furthermore, they can swap it back to WTC whenever they like.
Hope everyone’s been having a sweet 2020 so far. Here’s what we’ve been up to:
1. Development grant received from Binance to… keep doing what we’re doing
Our tech team has received the Binance X fellowship to keep building killer software for the world. This grant will fund the development of Portal — a completely decentralized universal bridge that will enable incognito mode for any cryptocurrency from any blockchain.
How important will blockchain be for Generation Z? On the one hand, many experts say we’re still years away from buying coffee with Bitcoin. On the other, China continues full steam ahead on their national cryptocurrency. While there’s still uncertainty about when blockchain will enter our daily routine, there is little doubt that it will.
The next question is, how should K-12 teachers introduce blockchain to their students in 2020?
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.
Binance’s fully regulated USD stablecoin, BUSD, seamlessly integrates crypto into world commerce, loans, payments and more.
Now, BUSD holders can spend their digital dollars on Autonomous, a beloved e-commerce retailer of smart gadgets and workplace products.
It’s classic crypto-commerce… with an important twist.
In conjunction with privacy blockchain Incognito, Autonomous customers will be able to choose privacy BUSD (pBUSD) as a payment option. Any BUSD holder will be able to seamlessly convert their BUSD to pBUSD via the Incognito Wallet, to take advantage of the very first privacy-focused crypto-commerce experience.
Incognito has been awarded the Binance X fellowship, to create “free and open-source software that will enable new innovations and businesses in the crypto economy.” Incognito will facilitate Binance’s goal of crypto adoption on a global scale by ensuring our fundamental right to privacy is protected in this borderless, digital world.
The Binance X fellowship stipend will fund development of the Incognito Portal – a fully decentralized, universal bridge to Binance Chain and beyond. Portal will allow the user to anonymously transact any amount of BNB and BEP2 tokens without relying on a trusted third party.
How has 2019 been for you? Thank you for spending a little time with us.
This year, we built a product that people use. That in itself is incredible, and a sign that maybe we’ve stumbled upon something that people really want, in an industry that sometimes feels confused.
In November 2019, Incognito said hello to the world. Since then, there have been 122,000 anonymous transactions. 1,200,000 blocks produced. 700 nodes online. 30 community-created trading pairs. 16,000 completely confidential trades.
Lunch Money is an ERC20 project that rewards people for leaving feedback when they eat out. Hundreds of reviews have already been submitted, and starting now, users can choose to receive Lunch Money rewards privately using Incognito.
December 20, 2019 – Today, Matic and Incognito announce their collaboration to deliver essential functionality for Ethereum – the blockchain that powers a huge majority of all existing use-cases for the technology. Through the use of decentralized sidechains, Matic brings speed and Incognito brings privacy. Both already running on their respective mainnets, these projects demonstrate a shared commitment to increasing real-world viability for blockchain-powered apps and currencies.
The Binance roadmap is one of the most ambitious in the sphere – signaling leaps towards a fully tokenized economy. In the race between blockchain protocols, speed and scalability are crucial parameters by which to measure both real-world applicability and long-term sustainability. Binance Chain scores highly in both.
Privacy will be the third.
Special announcement: we have decided to temporarily pause the current competition and will re-open the competition after 1 month.
Privacy Crypto Competition is a competition for Incognito Wallet users who transact Privacy BTC (pBTC), Privacy ETH (pETH), or Privacy USDT (pUSDT). To join, all you need to do is to download the Incognito Wallet, turn your cryptos into privacy cryptos, and transact privacy cryptos of one of the 3 types mentioned above.
The competition will take place from 17:00 UTC, December 18, 2019 to 23:59 UTC, January 31, 2020. The winners will be announced in February 2020.
PERKS are tradable coupons in the form Privacy Coins on the Incognito blockchain. Issued just 2 weeks ago, PERKS has reached close to 400 transactions and has built a telegram following of over 120 users.
Announcing Privacy Coin Awards, a competition for custom cryptocurrencies created on the Incognito blockchain. To join, just download the Incognito Wallet and tap “Issue a Privacy Coin.” Create your own cryptocurrency in 15 seconds, set up a customer loyalty program, trade IOUs, and more.
Today, Incognito is glad to announce that users will now be able to trade TOMO completely anonymously on the Incognito pDEX. Following on from the announcement earlier this month, the Incognito-Tomochain bridge now allows users to seamlessly convert their TOMO to pTOMO – to take advantage of the first-ever completely private trading experience. The Incognito team is excited to list TOMO by providing liquidity for the first pair pTOMO/pUSDT.
Today, we’re excited to welcome FTM to the Incognito pDEX! All FTM holders will now be able to deposit their coins to receive privacy 1:1 counterparts (pFTM) that are tradable on the world’s first completely anonymous decentralized exchange.
Hello Incognito nodes! Welcome to the beginning. Thank you for powering this network and creating a solid foundation to help it scale. As Incognito grows, node numbers will change, and so will current configurations.
Here’s a quick rundown of where we’re currently at, and a brief overview of where we’re headed:
Short term (now to 1 year from now)
1. Current number of nodes: 860
As of 11 December 2019, this includes both virtual nodes (staked) and physical nodes (online and in transit).
2. PRV earnings per epoch: ~10.92 PRV for the first year
This number does not include PRV earned through transaction fees, which will vary based on network usage.
Dec 6, 2019 – Today, Neo and Incognito announced their intention to collaboratively enhance privacy for the growing Neo ecosystem. By building a trustless privacy bridge between the Neo and Incognito blockchains, Neo will soon be able to empower it’s 2,000,000 users with untraceability and enhanced privacy.
In the wake of today’s privacy concerns, e-commerce startup Autonomous is glad to integrate ‘Pay Incognito’ as one of its payment methods. Pay Incognito will kick off from the first day of 2020 for shipping addresses in US.
As a different, privacy-protecting alternative to traditional payment options such as Paypal or Amazon Pay, buyers will be able to purchase smart devices and workspace products completely anonymously with untraceable crypto.
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.
However, any USDC transaction and any USDC holder is completely exposed on a number of public block explorers. Sender and receiver IDs, amounts, balances, timestamps and more — are completely visible to anyone who cares to look:
Stability has been integral to crypto adoption. Privacy is a right for all those that adopt it.
Harmony ONE tokens are now supported on the Incognito 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.