Zilliqa and Binance to Join Forces With Incognito

Zilliqa users will be able to conduct transactions through the sidechain based on Incognito technology to provide addition privacy level
13 January 2020   121

The Zilliqa blockchain startup and the Binance cryptocurrency exchange have partnered with Incognito, a platform for securing transaction privacy, Decrypt reported.

Thanks to the new agreement, Zilliqa users will be able to conduct transactions through the sidechain based on Incognito technology. Incognito offers a solution that is not tied to any particular blockchain, which is an additional level of privacy based on evidence with zero disclosure. In other words, the user can take a conventional cryptocurrency using a completely transparent blockchain and hide the details of transactions carried out with its help.

How does the Incognito-Zilliqa Bridge work? ZIL holders transfer their coins to the Incognito wallet address and receive in return pZIL tokens (private ZIL). pZIL can be exchanged for ZIL at any time, simply by making a transaction to the address of any Zilliqa wallet. As long as the user remains in pZIL, no one can track the progress of his transactions. Liquidity for pZIL is provided by the decentralized exchange pDEX.

Binance Exchange, for its part, included the project in the program for supporting open-source software developers in the cryptocurrency industry Binance X. The program involves the payment of scholarships, as well as providing support in ongoing developments. The primary goal of the collaboration is to create a decentralized bridge between Incognito and the Binance Chain.

Initially, Incognito's functionality was implemented through its own project wallet. In the future, developers intend to switch to a fully decentralized model.

Liquid Exchange to Announce Refund to GRAM Investors

Exchange returned funds in accordance with the terms of the sale, since the main TON network was not launched by October 31, 2019
16 January 2020   103

Liquid cryptocurrency exchange canceled the sale of rights to Gram tokens and announced that it would return all funds to investors.

In a message, the exchange indicates that it is obliged to return all funds in accordance with the terms of the sale, since the main Telegram Open Network (TON) network was not launched by October 31, 2019 due to a conflict with the U.S. Securities and Exchange Commission ( SEC).