Friday March 05, 2021
Bitcoin (BTC) $47,355.00   Ether (ETH) $1,464.79
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

NIX Platform implements Sigma privacy protocol

Published by CryptoNinjas.net
05/23/2019
NIX Platform implements Sigma privacy protocol

NIX Platform (NIX), a privacy cryptocurrency, announced the implementation of the Sigma privacy protocol, marking a new level of scalability and anonymity for proof of stake (PoS) cryptocurrencies. Sigma resolves the recently discovered Zerocoin flaw that compromised security for many cryptocurrencies.

The Sigma protocol allows NIX to significantly scale its privacy transactions, decreasing the on-chain size by 94%, and removing the trusted set-up previously required with Zerocoin, making NIX privacy more scalable while also increasing the anonymity set NIX has to offer.

“Sigma will have the biggest privacy set over older privacy protocols, is completely trustless, and scalable. Sigma adapts perfectly to NIX codebase and use cases, making NIX a key player in privacy and decentralization in the near future.” – Mario, Research & Development Head, NIX Platform

Sigma has been adopted into the NIX codebase as a Ghost Protocol addition, yielding significant enhancements to NIX’s existing privacy functionalities, including:
  1. NIX’s 2-Way-Ghosting technology utilizes Commitment Key Packs and has been adapted to adhere to the Sigma protocol.
  2. Reduced the length of CKPs by 73%
  3. Deterministic CKP developments no longer require multiple address recreation.
  4. Deterministic Ghost Vault wallet allows coin backups and recovery through a single seed phrase.
  5. Previous denomination changed to include a sub-coin amount to allow for a fee model for the NIX commitment-key-pack payment scheme. As well, three denominations have been removed from the previous implementation which will now allow for a larger privacy set and thus higher anonymity.

Beyond SIGMA, the NIX Platform Team is developing a Multi-Currency Wallet with back-end trading capabilities using decentralized order books. Bitcoin advocate and early founder of Bitcoin Foundation, Charlie Shrem describes NIX development as “…not only relentless, but also progressive and forward thinking.”

9
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

No Content Available
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

03/04/2021
Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

03/04/2021
Decentralized cloud Akash Network integrates with Equinix Metal

Decentralized cloud Akash Network integrates with Equinix Metal

03/04/2021
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

03/04/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version