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.
Over the past few weeks, we’ve been working on solutions to help our early adopters acquire the PRV they need to continue or begin staking. This is the first one! We’re really happy to announce that you can now borrow PRV against your crypto, and get the amount you need to run your node that same day — without needing to purchase it outright.
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.