incognito feb 2020 · incognito mode for crypto. $1.2m shielded btc, eth, usdt, and 70+ other...
TRANSCRIPT
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Incognito mode for crypto.
$1.2M shieldedBTC, ETH, USDT, and 70+ other tokens
1,046 validatorsPowering the Incognito network
$0.49 (+490%)PRV price on PDEX as of March 4, 2020
40 core dev membersStarted in May 2018. Launched in Nov 2019.
1.4M lines of code41,000 commits on Github
Self-fundedNo ICO. No VC funding.
At a glance
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Crypto is eating the world.
Why now
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But crypto is public.
Alice sent 1.5 BTC to Bob
Problem
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Incognito mode for crypto.
Alice sent 1.5 BTC to Bob
Solution
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Privacy coins are gaining traction.
$200B Market cap of public coins
$2BMarket cap of privacy coins (XMR, ZEC, etc.)
Market Validation
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Incognito takes a different approach, based on the premise that people don’t want a new cryptocurrency with privacy. What they really want is privacy for their existing cryptocurrencies.
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Incognito secures privacy for every coin.
$200BTotal Addressable Market
$2B Market cap of privacy coins (XMR, ZEC, etc.)
Market Size
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Incognito Network—A universal privacy hub that enables incognito mode for any blockchain.
Product
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Incognito Wallet—A privacy-first alternative for all your essential crypto activities: buying, selling, holding, investing, lending, and borrowing.
Product
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Incognito Node—A plug & play full node that powers privacy and earns crypto.
Product
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$0.0M
$350.0M
$700.0M
$1,050.0M
$1,400.0M
Oct Nov Dec Jan Feb
Volume—$1.2M worth of crypto in 74 different currencies has gone incognito since the mainnet launch in Nov 2019.
$1.2M volume 74 cryptocurrencies
15% 3% 60%
Progress
13%
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$0.0M
$300.0M
$600.0M
$900.0M
$1,200.0M
Oct Nov Dec Jan Feb
Nodes—By design, Incognito is powered by a large group of small validators around the world.
1,046 nodes
Progress
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0
25
50
75
100
Monero Zcash Grin Beam IncognitoIncognito (8 shards)
Performance—Incognito delivers privacy at scale with 100 TPS — a significantly higher number than that of other privacy blockchains.
Progress
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Partnerships—Key strategic partnerships for mass adoption.
Progress
Trade Incognito with BinanceBinance funds development of incognito mode for Binance Chain, so any Binance user can trade BNB and BEP2 tokens anonymously.
Pay Incognito with AutonomousAutonomous lets buyers purchase its products completely anonymously with untraceable versions of USDT, USDC, BUSD, and DAI.
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Not a single privacy coin. Privacy for every coin.
Privacy
No privacy
Platform of coins
Single coins
Positioning
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First-mover competitive advantages
1st privacy platform BTC, ETH and 70+ tokens already on board
1st privacy sharding10x TPS of other privacy blockchains
1st privacy proof-of-stakeMore efficient than PoW privacy blockchains
1st plug & play gadgetA large group of small validators
Positioning
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A diverse group of 40+ scientists, cryptographers, programmers, entrepreneurs, and operators.
Duy, Project Lead• Founded Autonomous and led it from 0 to
$100M in sales in 4 years• PhD student in Computer Science, University
of Maryland at age 19• ACM ICPC World Finalist
Ning, Community Lead• Head of Growth at Constant, the fastest-
growing crypto lending platform in South East Asia
• Masters in Literature, University of Oxford• Masters in Philosophy, University of Edinburgh
Andrey, Ecosystem Lead• Founder of Vincash, a privacy coin blockchain• Masters in Physics, Odessa National
University, Ukraine • Coordinated a cyber-identity startup with the
former General Secretary of Interpol
Thuc, Cryptography Lead• Professor of Applied Cryptography, National
University of Vietnam• Founded the Department of Applied
Cryptography and Computer Security
Core Dev Team
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Dung, Research Lead• Professor of Distributed Systems, National
University of Vietnam• PhD in Computer Science, University of
Texas
Bao, Technical Lead• Engineering Manager, Viettel, Vietnam’s
largest mobile network operator• Built network infrastructure for 110M
subscribers in emerging markets
Dung Van, Consensus Lead• Masters in Computer Science, Korea
Advanced Institute of Science and Technology (KAIST)
• Led a high-frequency crypto trading team• Designed the FPGA system for neural nets
Hieu, Cryptographer• PhD Candidate, Applied Cryptography,
Singapore Management University• Topic: Privacy-Preserving and Verifiable
Computation for Outsourced Data
On a mission to make privacy ubiquitous.
Core Dev Team
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PowerUsers stake PRV to become validators and power the network.
UseUsers can pay transaction fees in PRV when they send crypto confidentially.
The native cryptocurrency of the Incognito network.
PRV
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Token Economics—The total supply of 100M PRV is designed to favor those who work for the network, not to pre-sell coins to speculators.
$0.49 (+490%)Price on pDEX as of March 4, 2020
7.9M circulating supply2.9M mined in the first few months by validators, plus the aforementioned 5M.
5M pre-minedPurchased by the core team for $1M, which has been used to self-fund the project.
Self-fundedNo ICO. No VC funding.
95M block rewardsBeing mined over 40 years. The total block reward for the first year is 8.7M PRV. Block rewards are reduced by 9% every year.
PRV
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$0.0M
$750.0M
$1,500.0M
$2,250.0M
$3,000.0M
Oct Nov Dec Jan Feb
Community commitment—75% of 2.9M PRV mined is staked, demonstrating the community’s long-term commitment. 10% goes to the DAO Fund, devoted to funding long-term community projects. Very little speculative activity.
PRV75% 2.19M staked
10% 0.29M DAO fund
15% 0.42M floating
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If privacy wins, PRV wins.Get PRV now.
BuyBuy PRV in the Incognito Wallet.
EarnEarn PRV by participating in community activities.
MineHost a Node and mine PRV by powering privacy.
Mine PRV Earn PRVBuy PRV
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Thank you.
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Appendix
Quick linksEthereum BridgePrivacy Tech StackScalability Tech StackPerformanceIncognito DAOCode
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Quick links
The tech
• Whitepaper• Code• Roadmap
Products
• Incognito Node• Incognito Wallet
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Nodes
A plug & play device
Shielded ETH via the Ethereum Trustless BridgeSource: Etherscan on 2/28/2020
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Shielded ERC20s via the Ethereum Trustless BridgeSource: Etherscan on 2/28/2020
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Confidential TransactionsShielding transacted amounts
Stealth AddressesShielding receiving addresses
Ring SignaturesShielding sending addresses
Homomorphic Commitment
Zero-Knowledge Range Proofs
Privacy Stack—Now we can send, receive, buy, sell, invest and borrow cryptocurrencies confidentially.
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pBFT
Sharding
Proof of Stake
BLS Signatures
Scalability Stack—Incognito is the first network that delivers privacy at scale by implementing proof-of-stake and sharding.
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Performance—Currently, with 8 shards active, Incognito can handle 100 TPS. With a full deployment of 64 shards, Incognito can handle 800 TPS — a significantly higher number than that of other privacy blockchains, which usually top out at less than 10 TPS.
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IncognitoDAO—Designed to fund protocol development and network growth, Incognito DAO collects a gradually reducing percentage of block rewards.
gradually reduces to
90%
10%
97%
3%
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Code Structure—Incognito has 27 public repositories on Github with 41,000 commits and 1.4M lines of code since May 2018.