Privacy and centralization represent an issue that has not been completely addressed in digital currencies. A platform with no precedents is hereby announced to finally bring the solution to those problems: NIX.
Its conception derives from lead developer, Matthew Tawil, whose enthusiasm for decentralization and privacy lead him to follow the materialization of what NIX will be: a DEX Manager with multiple use cases that will not only allow cross-chain decentralized private transactions, but will also integrate DEX’s that provide API structures.
Pursuing the objective of becoming the first DEX Manager in the market, NIX will initially incorporate Blocknet, a peer-to-peer protocol between nodes on different blockchains. Additionally, the team consists of several new experienced developers and a lead cryptographer who is a doctoral researcher in the cryptography field.
NIX will create its own privacy protocol: The NIX Ghost Protocol, a custom code which involves the Zerocoin Protocol plus the utilization of Stealth Addresses in order to make transactions untraceable with no trusted parties and with a higher level of anonymity, Bulletproofs to conceal transaction value and shrink the size of the cryptographic proof, the integration of a Lightning Network to allow fast blockchain payments, and the creation of an Atomic Swaps Architecture with the intention of performing decentralized operations from a node on any blockchain to another.
With the implementation of NIX, every single supported coin will have the possibility of being traded privately in a prompt, secure and decentralized manner, as the process consists of swapping coin A for NIX, progressively applying the NIX Ghost Protocol, having as a result NIX with no previous transaction history and finally swapping NIX for coin B. Simple, private, fast.
As the NIX platform is already being designed and developed, the team encourages collaborators and advisors to go through the whitepaper to learn more about this project’s technical features and join NIX.
Originally published at nixplatform.io on April 29, 2018.
