The Anonymise Protocol
Understanding the Mechanics
Anonymise operates on a robust protocol designed to prioritise user privacy during cryptocurrency transactions. Here's a more detailed explanation:
Fixed Exchange Sizes: Deposits into Anonymise are standardised. Users can only exchange in fixed amounts e.g. 1ETH, 5ETH, 10ETH, and so forth. This standardised approach makes individual transactions harder to track, as they all appear uniform.
Zk-SNARKs: At the core of Anonymise's privacy mechanics is zk-SNARKs, a cryptographic technique. This stands for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge." In simpler terms, it ensures the information being exchanged remains private. With zk-SNARKs, Anonymise can validate transactional details without having to reveal any specifics about them. This ensures the entire process remains confidential and secure.
Exchange Codes: After making a deposit, users are handed a unique exchange code. This isn't merely a claim ticket for their cryptocurrency. It's a critical component of the Anonymise privacy process. With this code, users can initiate an exchange without revealing their original deposit, further enhancing transactional anonymity.
Relayers: Anonymise employs relayers to make the withdrawal process even smoother. Relayers are entities that manage the gas costs on behalf of users, especially useful when users wish to withdraw to a new wallet. This means users don't have to fret about the gas fees, making the experience efficient and user-centric.
Revenue Sharing and Incentives: Beyond its primary focus on privacy, Anonymise actively rewards its community. Each time the exchange service is used, a 1% fee is applied. This entire fee, 100% of it, goes directly to the stakers of the token. By doing so, all service fees are channeled back into the Anonymise ecosystem, directly benefiting its dedicated users.
Supported Chains & Currencies
As of now, Anonymise predominantly operates on the Ethereum blockchain, with primary support for ETH. But the vision is broader:
USDC & USDT: Support for these prominent stablecoins is in the pipeline.
Chain Expansion: Integration efforts are underway to bring Anonymise to Bitcoin and Solana chains, thus widening its scope and usability.
Through its assortment of standardised deposits, top-notch cryptographic procedures, and community-focused incentives, Anonymise stands out as a beacon of privacy in the crypto world.
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