Post
Topic
Board Altcoin Discussion
Re: Private transactions on Binance Smart Chain
by
morphosecash
on 03/05/2021, 18:10:57 UTC
Hey guys, what's up Cheesy  We just launched Morphose (morphose.cash) on Binance Smart Chain. It's a zk-snark based BNB mixer that lets people do private transactions. We will continue working to improve it on UI, user count, traffic, staking, and its use of the token. We welcome your support to the project and when you need to do private transactions on BSC know that we are here  Roll Eyes

Ok now, can you explain me how to make the transaction private ?
If you gonna use the address mixer, then multiple addresses will be used for a single transaction.
If using multiple addresses, then the gas fee will be higher than normal transaction because the token will be transferred from one address to other addresses multiple times.

Mixer only lets people deposit and withdraw in 1 BNBs or similar denominations (0.1, 10, etc).
Say you give KYC in an exchange. You withdraw 1 BNB to wallet A in Binance Smart Chain. You deposit 1 BNB to Morphose 1 BNB smart contract. In that smart contract lies 1 BNB or more (BNB of other people). You withdraw your 1 BNB from Morphose with a new wallet B (if it's empty you get free gas fee from Morphose faucet). Now you can transact privately with wallet B. When we look at the blockchain the person who withdrew 1 BNB can be anybody in the pool because everybody withdraws with new wallet and everybody withdraws 1 BNB. So you are not directly related with wallet A anymore. That's why its a "mixer". You can check the website and docs for more details.