What is Morphose.cash?
Morphose breaks the on-chain link between source and destination addresses to enable transactional privacy on Binance Smart Chain. Morphose smart contracts use no-relayer based architecture 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 Once a BNB deposit is withdrawn by a new address, there is absolutely no way to link the withdrawal to the deposit, ensuring complete privacy.
Example:
Bob deposits 1 BNB to Morphose's 1BNB Denomination Smart Contract. Bob withdraws his 1 BNB with a new wallet. When we look at the transactions on BscScan, can we say that Bob withdrew his funds? No, we can't. Nobody can prove depositor and withdrawer is actually Bob. This is how Morphose works.
Whats The Roadmap?:
They roadmap as devs describe it "...first*; be the first choice for private transactions on Binance Smart Chain.* Second*; fully support and dominate Polkadot parachains as they launch.* Third*; make Morphose the first alternative for Tornado.cash on Ethereum..."*
Comparable projects
Tornadocash is a mixer for privacy on ethereum. It takes a higher fee than Morphose (3% IIRC instead of 1% like Morphose), it currently has a 102M market cap.
📍 Links:
Website:
https://morphose.cashGithub:
https://github.com/morphosecashMedium:
https://tornado-cash.medium.com/Twitter:
https://twitter.com/morphosecashBOG Chart:
https://charts.bogged.finance/?token=0x2b15bc62d1FB46ADE4763A3c5ea0917460bb25F1---
BSCScan:
https://bscscan.com/token/0x2b15bc62d1FB46ADE4763A3c5ea0917460bb25F10x2b15bc62d1FB46ADE4763A3c5ea0917460bb25F1
