Morphose - Fully Decentralized Protocol for Private Transactions on Binance Smart Chain

in LeoFinance9 days ago

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Morphose breaks the on-chain link between source and destination addresses to enable transactional privacy on Binance Smart Chain. Her smart contracts use an on-chain relayer and non-interactive zero-knowledge proofs, also known as zk-SNARKs that require no interaction between the prover and verifier. Once a BNB deposit is withdrawn by a new address, there is absolutely no way to link the withdrawal to the deposit, ensuring complete privacy.

Source: https://morphose.cash/

This is very interesting.

The project had a presale of the MORPH token. There will be an offering on PancakeSwap on April 11, 13:00 GMT.

Morphose is the first fully decentralized protocol for private transactions on Binance Smart Chain. That means her smart contracts are immutable without admins or owners, her UI lies on IPFS and she doesn't depend on third-party off-chain relayers. Morphose also takes the lowest commission of 1%, has multiple denominations and uses very low gas fees on Binance Smart Chain.

Morphose does not rely on any third party centralized components. It's UI code is on IPFS according to the documentation. The FAQ recommends using a VPN to further ensure privacy. It also says the code has been audited by SMCAuditors.

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