Incognito: Private Finances

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(Edited)

Nowadays people are more and more concerned with privacy, yet most cryptocurrencies don't provide it.

Incognito's App Logo

Incognito aims to change that, supporting BTC, ETH, and XMR, in addition to all ERC20 and BEP2 tokens. That even means you can deposit in your wLEO.

You can use Incognito to store and transact privately with any supported cryptocurrency, including native ones inside Incognito itself. There's also an included DEX so you privately exchange coins.

In addition to that, you can provide liquidity to Incognito's DEX and earn interest on your investment. Some tokens, like wLEO, currently have no liquidity on Incognito and so can't be exchanged right now. If you have wLEO though, you can change that.

To encourage people to check out Incognito, I'll send 0.00001 PRV and 2500 STAR (Incognito) to anyone who upvotes, shares this post, and comments their thoughts with an Incognito address before 2020-12-18T12:00:00Z.

As a side note, I currently have no affiliation with Incognito, I find the technology interesting and want to encourage adoption.



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9 comments
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Would you include a link please, unless I missed it?

Posted Using LeoFinance Beta

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Ah right, thanks, My tab crashed while I was originally writing this and I forgot to re-add it back in when I rewrote my post.

It's incognito.org, I'll update my post now.

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Incognito is a great project on paper, I use it from time to time. What I do not like is the seemingly lack of focus in their project.

A privacy chain should aim and focus on the basics first in my opinion.

  • No Tor/I2P routing still
  • NO desktop wallet
  • No open-source on top

Posted Using LeoFinance Beta

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No open source?

Are you sure about that?

Desktop wallet is here, albeit unfinished

As for anonymous routing, yeah they really should get around to adding I2P, right now trying to use it over Tor often leads to CloudFlare refusing requests.

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Reproducible builds just means that two people can compile the same code and get the same result, traditionally that's not the case as different build environments handle compilation slightly differently.

While yes, it is a good feature to have for auditing purposes, it doesn't mean that the program isn't open source because it lacks it.

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Its peculiar how inclined people are to trust an algorithm (mining, staking) developed by someone else without understanding the cryptography.

Then when private aspects of encryption come up without open source, it starts controversy. All legal stuff about back doors, its irrelevant to the argument at hand. This tainted legal rhetoric about encryption has defiled the logic in the open vs closed source debate.

Goes back to the Pirate Bay legal battles, all the fear and stigma there made this so complex once Hollywood got their lawyers behind the encryption wars.

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