“Privacy in the Bitcoin investment world is needed” – Anonymous
Incognito has created a crypto wallet/ exchange platform built on privacy. The objective of the Incognito network is to allow people to shield, and use cryptocurrency privately and in a decentralized fashion without worrying about leaving a data trail.
This privacy portal as it’s called has once again solved a big problem that “hot” crypto exchanges have exposed themselves and their users to: data exposure.
Data exposure is something that large exchanges have not necessarily been exposed to. These exchanges have strong stringent security measures however the user data is still at a much higher risk than with a cold wallet or decentralized exchange, because there is still a centralized component to these large exchanges. Binance has agreed to fund a portion of Incognitos development moving forward. Multiple big names have recognized privacy in transactions and blockchain solutions is beyond important and much needed in the crypto space including Brian Armstrong of coinbase. These privacy projects will be part of the next big rise of blockchain technology. Its exciting to see privacy making a come back.
Incognito functions as a “sidechain” to Bitcoin, Ethereum and 80 other cryptocurrencies turning them into private versions of their original forms. Remember no matter what the government tells you Bitcoin exists on a public ledger, not an anonymous one. Incognito gives you the ability to keep your transactions private, and therefore your identity and data in your hands alone. This is huge for the modern crypto community.
The network for Incognito is run by a broad team of developers and it’s very much a community and team effort. The network is very open source, and run by digital and physical validators. The network of validators is still growing, and if you have some development background you can get started today setting up your own digital node, if you are like me who isn’t a super savy coder they offer physical validators. This network has staking rewards that you can not get anywhere else from 2-20% depending on the cryptocurrency you are staking THAT IS HUGE. Imagine if your bank gave you a 20% return on your savings account (if only).
Please check out https://incognito.org/ and join the privacy movement. We are all together, and the bottom line to private transactions is keeping your business, your identity, and your data YOURS. Thanks for the read I hope this gives you excitement like it does me. Please email us some feedback and let’s connect!
