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Board Altcoin Discussion
Privacy is a need - Send your lover private money
by
morphosecash
on 22/05/2021, 09:29:59 UTC
Privacy is a need.
Let’s say you have a secret lover and you want to send her money.
Would you want a traditional bank transaction under your and her name?
Would you want a Blockchain transaction exposing the origin of your funds under your KYCed exchange account, sent to her KYCed exchange account?
Basically, would you want any third party involved in it?
Maybe you wouldn't care. However, what if you knew that collected data could be used in your divorce file? When you think over it, you would understand that any third party is an entity you wouldn’t risk exposing yourself to. If you had a choice, you would always choose the private one. Privacy is a need.
Morphose takes out the third party between you and your lover.
Morphose is a fully decentralized protocol for private transactions. She is a non-custodial "cryptocurrency mixer" that the users are responsible for controlling their own funds. The difference between Morphose and any other mixer is that Morphose doesn't involve any third party in the process.
Users deposit to Morphose in fixed denominations such as 0.1, 1, 10, or 100 BNB. For every deposit, the user gets a secret note to withdraw the deposit from the same pool with a new wallet. Simple as that. Since there are tens of the same fixed denominations in the pool, the link between depositor and withdrawer naturally gets broken. Everything is public, in a private way.
Zero-knowledge proofs (zkSNARKs) enable obfuscating deposited token history without revealing which exact deposit corresponds to the secret. Everything happens on Blockchain, and Blockchain only. Secret note presented only to the client-side running on IPFS.
Sending your lover private money is just one of the 100s of everyday uses of Morphose.
Because,
Privacy is a need.
Keep Morphose in mind, you will need her one day.