What problem are you solving?
Privacy solutions are currently very insular and limited – users either need to convert their holdings to single privacy coins like XMR, or use solutions that cater to just one or two currencies, usually Bitcoin. Incognito’s goal is to provide privacy for all existing cryptocurrencies and blockchains.
What is the solution?
While Portal – Incognito’s universal trustless bridge to all blockchains – is being built, we take the pragmatic approach to building out privacy. In the first stage, we build trusted bridges, with Incognito as a custodian. These bridges are necessary to kickstart the privacy dialogue and demonstrate to a range of communities that they have the choice of privacy. These trusted bridges are temporary, and will be replaced when the trustless solution is implemented.
What substitutes do people resort to because this doesn’t exist yet?
Privacy is currently simply not an option for most blockchains and currencies. Incognito is the first privacy solution for these communities.
Who are you?
The project will be implemented by @dungdang and @phuong on the core wallet team.
- @phuong has over 10 years of experience as a senior software engineer. He’s been with the project since the beginning, leading the backend team.
- @dungdang has over 3 years of experience as a full-stack engineer. He has built and improved a number of software projects in the past.
Why do you care?
More integrations mean privacy for more chains, more currencies, more use-cases, more people. More privacy is good.
What’s your plan? What’s your schedule?
The project schedule will be 1 week per chain, starting with Monero – Feb 1, 2020 to Apr 30, 2020.
Ship Date | Deliverable |
---|---|
Feb 28, 2020 | Ship XMR - Incognito bridge |
March 10, 2020 | Ship NEO - Incognito bridge |
April 30, 2020 | Ship Ontology, Ripple … - Incognito bridge |
What’s your budget?
The project will be undertaken by 2 engineers.
Feb
Resource | Cost | Quantity | Monthly Cost |
---|---|---|---|
Backend Engineer | 1500 PRV | 1 | 1500 PRV |
Backend Engineer | 500 PRV | 1 | 500 PRV |
TOTAL (x 1 month) | 2000 PRV |
Mar - Apr
Resource | Cost | Quantity | Monthly Cost |
---|---|---|---|
Backend Engineer | 500 PRV | 1 | 500 PRV |
Backend Engineer | 500 PRV | 1 | 500 PRV |
TOTAL (x 2 month) | 2000 PRV |
TOTAL: 4000
Is there an existing conversation around this idea?
In relation to this proposal, NEO has been an official collaborator since December 2019. Trusted bridges to Monero, Zilliqa and Binance have also been built in the last few months, all of which see decent volume.
Is there anything else you would like the community to know?
We’re working diligently to make Incognito more streamlined and useful, but we can always use your help! Feel free to add your thoughts and suggestions to support this proposal.