The concept of “Privacy” in the world of online games and app stores can be seen as a way to make sense
As we can see from the 2018 election, it’s clear that the 207 days” is a weekend’s L2018 days”s”s L2 technology into its platform, PriveX is able to support confidential transactions – something that is not available by default on public blockchains. The partnership will support PriveX’s goal of becoming the leading perps DEX while showcifyingly The 3
Perps Meet Privacy
Perpetual swaps, a form of advanced futures trading using leverage, often appeal to experienced investors, wealthy individuals, and trading firms. These entities prefer to keep their wealth, investment portfolios, and current trades private from public view. This is where the need for privacy becomes crucial in on-chain perpetual markets
COTI has developed Garbled Circuits technology, which ensures secure multi-party computation. This cryptographic method allows for secure transactions by enabling parties to compute on encrypted data without revealing it which is ideal for privacy-preserving operations, particularly in payment systems and, in the case of PriveX, for trading.
One significant advantage of Garbled Circuits is their computational lightness compared to Zero-Knowledge proofs, making them suitable for integration without contributing to blockchain expansion. Essentially, they offer an efficient approach whose potential uses are just starting to be recognized. Although applications in traditional finance (TradFi), banking, healthcare, and logistics may come later, at present, it has found a strong application in enhancing upgrading PriveX
With COTI’s technology integration, PriveX users will gain the ability to execute strategies privately, concealing crucial details like stop-losses and trade volumes from other users. This minimizes the possibility of market manipulation and offers traders the unique combination of decentralized trading with the level of privacy typically associated with centralized exchanges
Making Moves Ahead of Mainnet
Similar to COTI, PriveX is in its developmental stage, preparing for its test-mainnet launch soon, which will provide early access to its perpetual platform for selected addresses on Base. Later this year, when COTI’s L2 becomes operational on mainnet, PriveX will become the pioneer decentralized exchange for perpetuals to operate on it, demonstrating the capabilities of COTI’s privacy technology and offering a glimpse into the potential efficiency benefits that Garbled Circuits can offer
PriveX is set to unveil innovative functions like concealed orders and delayed transactions, empowering experienced traders to conceal their strategies and take advantage of the rewards from on-chain perpetual swaps without exposing their valuable trade secrets. The platform could offer up to 60 times leverage and substantial liquidity thanks to collaborations with partners such as Symm.io and IntentX.io. The impending launch of PriveX is generating excitement, as it may significantly alter the on-chain perpetual swap market and privacy sector in a single move, demonstrating the potential capabilities of COTI’s swift EVM L2
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2024-09-05 14:04