Secret Network Launches Ethereum Bridge; ERC20 Tokens Get XMR & ZEC Like Privacy Features

2020-12-17 22:15

Secret Protocol promises privacy-enabled ERC 20 tokens. A new secret DeFi ecosystem bubbles on Secret Network.

Secret Network, an open-source privacy blockchain that turns Ethereum (ETH) and ERC20 tokens into wrapped coins with privacy features like Monero (XMR) and Zcash (ZEC), announced the long-awaited launch mainnet platform this Tuesday. The mainnet is an Ethereum bridge that introduces a host of features, including secret tokens, secret decentralized finance (DeFi), Secret-based AMMs, Secret NFTs, Secret vaults, and pretty much everything to introduce a private DeFi ecosystem.

At launch, the mainnet will support ETH alongside 14 other ER20 tokens as the development team prepares to add support for more tokens in the future, the statement reads. The tokes available on the platform include Ethereum (ETH), Yearn Finance (YFI), Uniswap (UNI), Band Protocol (BAND), Compound (COMP), Chainlink (LINK), Aave (AAVE), Kyber Network (KNC), Synthetix (SNX), Ocean Protocol (OCEAN), Maker (MKR), Wrapped Bitcoin (wBTC), and DAI, USDT, and TUSD stablecoins.

Secret Ethereum Bridge provides a “front-running resistant and cross-chain system” designed to allow Ethereum (ETH) and ERC20 token users to create privacy-enabled tokens on the network. As the “first and only privacy-enabled blockchain, featuring smart contracts,” the Secret Ethereum Bridge allows users to convert their assets into privacy-enabled tokens and interact with the Ethereum blockchain.

Announced back in September, the Secret network introduces secret tokens, where users will need to lock up their ETH or ERC20 tokens to create synthetic (wrapped) tokens on the Secret Network. The process ensures a highly secure network while minimizing the transaction fees to create the privacy-enabled tokens.

Additionally, the mainnet will also introduce bridge mining, whereby users can lock up their ETH or ERC 20 tokens and start earning SCRT token rewards. These rewards are expected to go live in January 2021 to give users time to get “familiar and comfortable with the Ethereum bridge.”

Following the SCRT token rewards launch, the network is looking to launch an automated market maker (AMM) with special and unique rewards for AMM users and liquidity providers. In total, the Secret Network development team expects to disburse over 2 million SCRT tokens to the community to incentivize the use of DeFi products on its network.

Users will need a Keplr or Metamask wallet to be able to connect to the Secret Network.

The post Secret Network Launches Ethereum Bridge; ERC20 Tokens Get XMR & ZEC Like Privacy Features first appeared on BitcoinExchangeGuide. origin »

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privacy zec → Результатов: 95


Winklevoss-Backed Gemini Exchange Rolls Out Zcash (ZEC) Shielded-Address Withdrawals For Transaction Privacy

A blog post on crypto exchange Gemini confirmed privacy-enabled Zcash (ZEC) users can now withdraw their tokens to private addresses instead of transparent addresses. Zcash provides users with a blockchain similar to Bitcoin but with added options to hide user data and transactions through the use of zero-knowledge proofs (ZKPs).

2020-9-30 16:54


Фото:

Shielded Zcash (ZEC) withdrawals are now available on Gemini

US-based crypto exchange Gemini, run by the Winklevoss twins, has recently added support for the so-called ‘shielded’ Zcash transactions. The move is meant to add yet another layer of privacy for ZEC users, Gemini enables private ZEC withdrawals Zcash (ZEC) is used by people around the world who seek additional privacy when it comes to crypto transactions.

2020-9-30 11:39


Blockchain Monitor, Elliptic, Adds Zcash (ZEC) and Horizen (ZEN) Privacy Tokens to be Screened

Elliptic, a blockchain analysis firm, announced the addition of Zcash (ZEC) and Horizen (ZEN) privacy tokens to its tracking platform. The analysis firm, however, supports the ‘unshielded’ transactions from the blockchain only, keeping away from the built-in privacy tokens such as Monero (XMR), Elliptic co-founder and chief scientist Tom Robinson said. Following the successful support […]

2020-7-1 18:50


Elliptic начала отслеживать транзакции с криптовалютами Zcash и Horizen

Специализирующаяся на отслеживании транзакций в публичных блокчейнах компания Elliptic добавила поддержку ориентированных на приватность криптовалют Zcash (ZEC) и Horizen (ZEN). Today, @elliptic Launches Support for Privacy Coins $Zcash & $ZEN@GenesisTrading will be using Elliptic’s transaction and wallet monitoring solutions to detect and prevent illicit activity in Zcash and ZEN Get all the details 👉 https://t.

2020-7-1 17:27


Zcash Price Analysis ZEC / USD: Promising Privacy To The World

Zcash has a bullish short-term trading bias, with the cryptocurrency bouncing sharply from key technical support The four-hour time frame highlights that momentum has shifted to the upside The daily time frame shows that the ZEC / USD pair is consolidating above the neckline of a large bullish pattern Fundamental Analysis Zcash has shown a […] The post Zcash Price Analysis ZEC / USD: Promising Privacy To The World appeared first on Crypto Briefing.

2019-6-29 16:56


PayBito Exchange Announces Plan to List Zcash (ZEC) Privacy Cryptocurrency

PayBito has announced that it will soon list Zcash on its exchange. The platform is built on HashCash which is built on the HC Net blockchain network. Before the addition of Zcash, the PayBito exchange allowed users to trade the dollar against a variety of cryptocurrencies, including Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, […]

2019-5-5 00:15


New Poll Shows Monero (XMR) As The Preferred Privacy Coin Over Zcash And Dash

Monero (XMR) may have been portrayed as the leading privacy-centered cryptocurrency for a while now. Weiss Ratings Twitter poll, however, has proven this significantly as most respondents in the poll (54%) chose Monero as their preferred privacy coin, The poll which involved three privacy coins Monero (XMR), Zcash (ZEC) and DASH showed that 27% of […] The post New Poll Shows Monero (XMR) As The Preferred Privacy Coin Over Zcash And Dash appeared first on ZyCrypto.

2019-3-20 21:26


Zcash (ZEC) Privacy Coin’s Shielded Addresses Claim to be Compliant by European GDPR Standards

The GDPR (General Data Protection Regulation) was created by the European Union in 2018 in order to protect EU citizens and their private data. The purpose of the GDPR is to assist in providing regulation for the gathering, analysis, and distribution of sensitive personal details outside the EU boundaries. Zcash recently published a post on […]

2019-2-5 17:56


Фото:

zk-SNARK Glitch Could Result In Crypto Double Take

Fundamental flaws with zk-SNARKs, the privacy algorithm used in Zcash (ZEC), may allow malicious agents to mint additional tokens, according to the COO of a rival privacy coin. Reuben Yap, the Chief Operating Officer at Zcoin (XZC), says that unproved cryptographic assumptions and possible bugs with zk-SNARKs place blockchains using the algorithm – like Zcash – […] The post zk-SNARK Glitch Could Result In Crypto Double Take appeared first on Crypto Briefing.

2019-1-17 18:53


Zcash (ZEC) Sapling Privacy Features Becomes a Desirable Trait for Many New Services

ZCash (ZEC) is one of the so-called privacy coins in the cryptocurrency market. It allows individuals to transact funds without others knowing the number of funds moved and transacted. According to a recent post uploaded by Paige Peterson, since the Sapling network upgrade, the network has experienced an increased adoption of shielded addresses in the […]

2018-12-18 19:53


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