Incognito chain integrates with Polygon (full-stack Ethereum scaling solution) to bring a new privacy solution for MATIC hodlers.
Based on the statistics on DeFiLlama, Polygon is currently the 8th biggest chain in terms of Total Value Locked (TVL). With various technologies involved, Polygon is one of the best ways to make Ethereum cheaper and faster while remain high-security standards.
On the other side, Incognito is a privacy hub for all existing crypto assets and decentralized applications. Based on the premise that Polygon users don’t want alternative cryptocurrencies with extra privacy, what they really want is the privacy versions of existing Polygon tokens. That’s the point where Incognito jumps on the boat.
Thanks to the bridge built from the Incognito blockchain to Polygon, Polygon users now can transfer and trade MATIC and all Polygon tokens without having to reveal their identities. All information regarding sender, recipient, amount transferred, and type of assets in every transaction will be hidden from prying eyes. In addition, users even have the ability to interact anonymously with their favorite Polygon dApp in the Incognito network, starting with Uniswap and Curve. They believe that this is a huge step toward the mass adoption of the DeFi revolution.
One of the most mind-blowing features that Incognito offers to Polygon users is the highest level of composability which enables users to interact with any dApps from any blockchain using only Polygon assets. This bridge aggregation will be implemented by applying a new mechanism called Unified Privacy Token. This new feature is expected to be the game-changer that offers the most convenient and beneficial way of using cryptocurrency by utilizing and combining all the best advantages of different blockchains.
Learn about Unified Privacy Token in detail here.
If you wish to help people trade MATIC anonymously, perfect, add liquidity for MATIC and earn liquidity mining rewards.
In February 2022, Incognito released the bridge from the Incognito blockchain to the Polygon network to offer a privacy layer to MATIC and all Polygon assets (transfer and swap assets anonymously)
2 weeks later, Incognito integrated with Uniswap v.3 and Curve to offer a privacy layer to 2 of the most popular dApps on Polygon.
Around May – June 2022, besides Uniswap and Curve, Incognito also plans to integrate with QuickSwap which is currently the Polygon decentralized application with the highest TVL.
Finally, Unified Privacy Tokens feature is estimated to be launched in May and make the whole blockchain network a unified net.
Incognito is a global community of privacy-minded builders seeking to protect the world from surveillance and control. They build privacy-protecting, blockchain-based financial products for the future of money. The Incognito team aims to bring the highest level of privacy to the Polygon ecosystem as a whole. Users can take any action with their favorite Polygon assets and dApps from all blockchains while their privacy is well preserved. Since the main net launch in 2019, Incognito’s privacy network has been adopted with +200 crypto assets shielded to Incognito chain, +400M shielding volume, +500M trading volume, and ~5M privacy transactions validated.
Should you are seeking complete privacy protection for your crypto assets, welcome to the Incognito hub!
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 3.4B+ total transactions processed, ~135M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
Source : cryptodaily.io