Morphose — a fully decentralized protocol for private transactions on the Binance network. The project breaks the internal link between source and destination addresses to ensure the confidentiality of transactions. Its smart contracts use non-interactive zero knowledge proofs, also known as zk-SNARKs.
Contents:
About the Morphose project
Morphose breaks the internal link between source and destination addresses to ensure the confidentiality of transactions. Its smart contracts use a relayless architecture and non-interactive zero knowledge proofs, also known as zk-SNARKs. Once a BNB deposit is withdrawn to a new address, there is absolutely no way to link the withdrawal to the deposit, ensuring complete confidentiality.
Some features:
| 1 | The user connects to the Morphose app with their wallet and deposits BNB into the Morphose smart contract to receive a random key in return. |
| 2 | Even if this is not necessary, it is best to wait a while for other people to deposit to improve your privacy. |
| 3 | The user connects to the Morphose app with a new wallet, sends a note and the contract transfers funds to the desired address, receiving a commission of 1%. |
The user interface runs on IPFS and does not depend on third party off-chain relays. Morphоse only allows withdrawals to an address or address other than the deposit address. Unless you give your note to someone else, there is no way to fully link deposits and withdrawals through your "public" wallet address.
The original developers have built it, taking inspiration and hard work from several open source projects. They then deployed it on widely used blockchains and IPFS, giving up ownership of it entirely. Morphоse doesn’t have any owner, but it has a community that cares about it.
Additional information
Morphоse takes a commission of 1% on withdrawals. This contribution goes to the Morphose Treasury to support its community, its future development and its original developers. The rest of the payments that the user pays practically do not include gas fees, for replenishment and withdrawal of funds.
There is no WhitePaper document on the site. Instead, a large section with answers to questions is available. Developers maintain a blog on the Medium platform, where articles are available. Also, there are other social networks:
- twitter;
- telegram.
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