eosBlender - a decentralized platform for making money with private transactions and anonymous accounts on the EOS.IO blockchain.
Contents:
- Description of the dapp of the eosBlender application
- How to get started on the EOS platform?
- More about the blockchain service
Description of the dapp of the eosBlender application
The eosBlender model runs on Ring Signatures, a well-known cryptographic digital signature scheme, used by many privacy-related projects and privacy-preserving cryptocurrencies such as Monero.
To enhance the protocol mixing capability, the instrument only accepts transmissions of limited quantities (1, 5, 10, 50, 100). This setting is intended to maximize the number of users, transferring the same amount of tokens. Thus, it eliminates the need to obfuscate quantities as transactions are mixed in groups of transfers with the same amount. Benefits of work:
| Anonymity | The eosBlender service also provides functionality for creating anonymous EOSIO accounts. |
| Subsequence | A user, wishing to transfer a different amount of money, can first create an anonymous account and make one or more transfers of the permitted amounts and use that anonymous account to make payments of the desired amount. |
This process may leave some changes that will be added in future payments, as is often the case when users use cash in their daily life.
How to get started on the EOS platform??
To get started, deposit your funds under the agreement and join the enrollment. Each new deposit initiates a new ring transfer or will be included in an existing one, having the same amount. What to do next:
- after the ring is completed, you can claim a deposit and privately transfer the ring to the recipient. You can add a fee to attract other users and speed up the call completion process;
- earn a fee by joining the program. Send private transactions and join available rings to help other users to mix their transfers: the fees, charged for each ring, will be distributed to all ring members once the required number of ten members is reached.
The anonymous account feature can help to create a new account that will not be linked to your original account: the deposit will be transferred to a new account with a private transaction.
More about the blockchain service
In the next update, it is expected that the project's social networks will appear and the White paper will be released on the platform. Follow the roadmap update and you will be aware of everything.