๐ต๏ธโโ๏ธ ๐ฃ๐ฅ๐๐ฉ๐๐๐ฌ ๐ ๐๐๐๐๐ก๐๐ฆ๐ ๐๐ก ๐๐๐๐;
You might have been seeing โPRIVACYโ narrative but actually wondering what itโs all about? Let me walk you through.
Privacy tokens are cryptocurrencies which allow users to conduct transactions privately and anonymously - ๐๐ป๐ผ๐ป๐๐บ๐ถ๐๐ ๐ถ๐ ๐ฝ๐ฟ๐ถ๐ผ๐ฟ๐ถ๐๐ถ๐๐ฒ๐ฑ.
This ensures untraceable transaction and identity of the parties involved are kept private!
๐ง๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐๐ฎ๐ฐ๐ ๐บ๐ฒ๐ฐ๐ต๐ฎ๐ป๐ถ๐๐บ ๐๐๐ฒ๐ฑ ๐ถ๐ ๐ญ๐๐ฃ;
You might be wondering, whatโs ZKP?
ZKP is zero knowledge proof allows one party called the ๐ฃ๐ฅ๐ข๐ฉ๐๐ฅ convince another called the ๐ฉ๐๐ฅ๐๐๐๐๐ฅ that a statement is true without actually revealing the underlying information;
For better understanding; โProving you know a password without revealing it to the third partyโ
The main mechanism used in privacy is the;
๐๐ ๐ฆ๐ก๐๐ฅ๐๐ฆ ๐ฎ๐ป๐ฑ ๐๐ ๐ฆ๐ง๐๐ฅ๐๐ฆ
zK SNARKs and zK STARKs are the main family of ZKP;
Using $ZEC and $NPT as an example to explain zK SNARKS and zK STARKS;
๐ ๐๐ข๐ ๐ฃ๐จ๐ง๐๐ง๐๐ข๐ก ๐ ๐ข๐๐๐
For $ZEC they use the zero knowledge (zK) SNARKs which is fitted to the current model of computation in which there is a direct relation between the input to output ratio proven.
For $NPT they use zK STARKs which is fitted to the state machine model of computation.
You might be wondering whatโs zK STARKS and zK SNARKS;
Theyโre the foundational in zero knowledge cryptography for blockchain scalability and privacy.
Another mechanism used is;
๐ฆ๐ต๐ถ๐ฒ๐น๐ฑ๐ฒ๐ฑ ๐ฃ๐ผ๐ผ๐น๐
A shielded pools is a smart contract that that holds funds in privacy layer, making transactions inside it unlikable;
How does a shielded pools works?
When a user deposit liquidity in a pool their tokens are immediately converted into a private note or private commitment and any transfer made in the pool are hidden and untraceable using ZKPs.
@RAILGUN_Project uses shielded pools, you can check them out to learn more :)
Quick way how it works;
- Verify the sender has enough balance privately
- Generate proof of validity
- Then the poolโs state commitment is updated using Merkel tree.
Also the great @TornadoCash use this mechanism.
Another interesting mechanism;
๐๐ผ๐บ๐ผ๐บ๐ผ๐ฟ๐ฝ๐ต๐ถ๐ฐ ๐๐ป๐ฐ๐ฟ๐๐ฝ๐๐ถ๐ผ๐ป (๐๐)
Itโs a type of encryption that that allows computation on encrypted data as to allow the protocol perform operations like yield calculation without decrypting the balance.
This simply allows DAPPs to handle confidential data secured
A good example of protocol that uses this mechanism is @fhenix
Privacy is a $6B mcap sector in DeFi currently and I believe itโs very low because this was part of the great idea of $BTC - ๐๐ป๐ผ๐ป๐๐บ๐ถ๐๐.
To bull post my bags suddenly feel really stressful with this market going nuts.
Every majors are dumping 5-7% while $ETH is dumping 12% in 24hrs
$ETH recovers the slowest and dump more.
Sad Ethereum is moving like a shitcoin now a days.
Let's stay strong guys.
Just buy $VEILNET at this cheap price.
To bull post my bags suddenly feel really stressful with this market going nuts.
Every majors are dumping 5-7% while $ETH is dumping 12% in 24hrs
$ETH recovers the slowest and dump more.
Sad Ethereum is moving like a shitcoin now a days.
Let's stay strong guys.
Just buy $VEILNET at this cheap price.
This is surprising tbh, bought it and it actually pumped, but I mean itโs kind of surprising this went bad, sold in loss.
Saw that the visuals was fake or someone elseโs but was not confirmed neither was it the bad market that caused it.
Itโs crazy, apologies for anyone who follows me and lost money on this.
We will cook, I promise when market is back.
For now, touch grass and observe with me.
This is surprising tbh, bought it and it actually pumped, but I mean itโs kind of surprising this went bad, sold in loss.
Saw that the visuals was fake or someone elseโs but was not confirmed neither was it the bad market that caused it.
Itโs crazy, apologies for anyone who follows me and lost money on this.
We will cook, I promise when market is back.
For now, touch grass and observe with me.
Bought a bag of $VVVeity at 230k mcap, saw some good wallet in; will make research later tomorrow; thought to share after buying
CA: 0x85635006d808030e97F3174C8Ea1b4Aa1F1FebA3
Market has been really shitty and some onchain bags took some hit.
$ETH has been lowkey shitting the bed, but I canโt also blame Ethereum because $BTC is a on a downward slide
Still holding my $VVVeity comfortably because I know something will happen here no info just my intuition.
It crossed 100% from when I shared yestedsy and itโs at a discount rn
Market has been really shitty and some onchain bags took some hit.
$ETH has been lowkey shitting the bed, but I canโt also blame Ethereum because $BTC is a on a downward slide
Still holding my $VVVeity comfortably because I know something will happen here no info just my intuition.
It crossed 100% from when I shared yestedsy and itโs at a discount rn
the website & graphics are honestly amazing, i thought they were made with some next level AI but it turns out they just have a very high level gfx designer on the team.
i got sketched at 1st when they didn't tweet for 18 hours - but after talking to them today im pretty bullish
they showed me the dapp and its functional in beta already, you can deploy "gods" onchain aka AI agents with $vvv tech - comes with a token, x account, own manifesto, personalised traits & everything - haven't seen anything similar before
claude rated it 8/10 which is pretty good, usually it thinks most projects are pointless
what did you think?
@EricCryptoman@base Saw that it was rated 8/10 by Claude which most project are always 5/6 I mean itโs pretty much interesting.
This should be trading higher tbh, well maybe because there is some fear in the market but itโs too cheap here.
Bought a bag of $VVVeity at 230k mcap, saw some good wallet in; will make research later tomorrow; thought to share after buying
CA: 0x85635006d808030e97F3174C8Ea1b4Aa1F1FebA3
Bought a bag of $VVVeity at 230k mcap, saw some good wallet in; will make research later tomorrow; thought to share after buying
CA: 0x85635006d808030e97F3174C8Ea1b4Aa1F1FebA3
Market has been shaky and tbh, most token has dumped 70-80% in the last 24hours and some will hold, watch the strength of these token and see what happens to them.
$HALO at a great discount here, I bought more earlier today, itโll definitely pump, watch people that are supporting.
@XVentures_Fund is also holding $HALO and $JUNO
Watch out ๐
Market has been shaky and tbh, most token has dumped 70-80% in the last 24hours and some will hold, watch the strength of these token and see what happens to them.
$HALO at a great discount here, I bought more earlier today, itโll definitely pump, watch people that are supporting.
@XVentures_Fund is also holding $HALO and $JUNO
Watch out ๐
Market has not been the best, but in this situation there are some stuff you have to look out for.
Over my research, I found $HALO an AI autonomous agent;
$HALO is the machine that hunts the machine; which means itโs an AI that hunts bugs and fix the vulnerabilities which is a lot needed in this space.
And it used x402 to fix and proof these vulnerabilities and above it all, itโs self funded.
Halo hunts, earn and fuel.
Which means,
It hunts vulnerabilities worth a country
It invoice for verified work and collect (earn) through crypto or fiat or x402
It fuels by buying itโs own inference through theBankr LLM Gateway and provision
Halo looks interesting and I took a position at 350k mcap and shared publicly on my channel, currently at 550k.
https://t.co/EhW5FNDfcB
Shared this yesterday and it went 2x from 350k entry, I mean a lot of people felt sidelined and couldnโt get a good entry.
We are currently on discount and itโs just weekend dip, I mean I would literally bottom down and add more to my bags.
500k entry๐
Shared this yesterday and it went 2x from 350k entry, I mean a lot of people felt sidelined and couldnโt get a good entry.
We are currently on discount and itโs just weekend dip, I mean I would literally bottom down and add more to my bags.
500k entry๐
Market has not been the best, but in this situation there are some stuff you have to look out for.
Over my research, I found $HALO an AI autonomous agent;
$HALO is the machine that hunts the machine; which means itโs an AI that hunts bugs and fix the vulnerabilities which is a lot needed in this space.
And it used x402 to fix and proof these vulnerabilities and above it all, itโs self funded.
Halo hunts, earn and fuel.
Which means,
It hunts vulnerabilities worth a country
It invoice for verified work and collect (earn) through crypto or fiat or x402
It fuels by buying itโs own inference through theBankr LLM Gateway and provision
Halo looks interesting and I took a position at 350k mcap and shared publicly on my channel, currently at 550k.
https://t.co/EhW5FNDfcB