Continue integrating other blockchains via trusted bridges

What problem are you solving?

Privacy solutions are currently very insular and limited – users either need to convert their holdings to single privacy coins like XMR, or use solutions that cater to just one or two currencies, usually Bitcoin. Incognito’s goal is to provide privacy for all existing cryptocurrencies and blockchains.

What is the solution?

While Portal – Incognito’s universal trustless bridge to all blockchains – is being built, we take the pragmatic approach to building out privacy. In the first stage, we build trusted bridges, with Incognito as a custodian. These bridges are necessary to kickstart the privacy dialogue and demonstrate to a range of communities that they have the choice of privacy. These trusted bridges are temporary, and will be replaced when the trustless solution is implemented.

What substitutes do people resort to because this doesn’t exist yet?

Privacy is currently simply not an option for most blockchains and currencies. Incognito is the first privacy solution for these communities.

Who are you?

The project will be implemented by @dungdang and @phuong on the core wallet team.

  • @phuong has over 10 years of experience as a senior software engineer. He’s been with the project since the beginning, leading the backend team.
  • @dungdang has over 3 years of experience as a full-stack engineer. He has built and improved a number of software projects in the past.

Why do you care?

More integrations mean privacy for more chains, more currencies, more use-cases, more people. More privacy is good.

What’s your plan? What’s your schedule?

The project schedule will be 1 week per chain, starting with Monero – Feb 1, 2020 to Apr 30, 2020.

Ship Date Deliverable
Feb 28, 2020 Ship XMR - Incognito bridge
March 10, 2020 Ship NEO - Incognito bridge
April 30, 2020 Ship Ontology, Ripple … - Incognito bridge

What’s your budget?

The project will be undertaken by 2 engineers.

Feb

Resource Cost Quantity Monthly Cost
Backend Engineer 1500 PRV 1 1500 PRV
Backend Engineer 500 PRV 1 500 PRV
TOTAL (x 1 month) 2000 PRV

Mar - Apr

Resource Cost Quantity Monthly Cost
Backend Engineer 500 PRV 1 500 PRV
Backend Engineer 500 PRV 1 500 PRV
TOTAL (x 2 month) 2000 PRV

TOTAL: 4000

Is there an existing conversation around this idea?

In relation to this proposal, NEO has been an official collaborator since December 2019. Trusted bridges to Monero, Zilliqa and Binance have also been built in the last few months, all of which see decent volume.

Is there anything else you would like the community to know?

We’re working diligently to make Incognito more streamlined and useful, but we can always use your help! Feel free to add your thoughts and suggestions to support this proposal.

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Hey @phuong, this is fully funded and now in “work in progress” category. Please share with the community February update.

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Finish:

  • Monero XMR (Feb 28, 2020)

Work-in-progress:

  • NEO (March 10, 2020)

To do next:

  • Ontology

Thank you @phuong . Funding for Feb has been disbursed and it will continue to be disbursed every subsequent week dependent on progress.

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Update: week of March 9 - 15, 2020
Finish:

  • Deployed NEO on testnet

Work-in-progress:

  • NEO: Deploy on mainnet
  • Ontology.
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Hey everyone!
We have launched a bridge to the Neo blockchain.
Now, you can add this coin, then send and receive Neo anonymously.

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Awesome @phuong! NEO users have been waiting on this one - should be well received.

Ontology here we come! @andrey @aaron what’s the plan for announcing that?

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I’ll be posting the NEO update in community updates and across social media at 11am GMT +7. The Ontology update is written, waiting on @Andrey to give the all clear to announce.

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Hey @phuong is there any news regarding new integrations with other chains ?

Hello everyone, we will add the Ontology blockchain next month.
During this time, we are focusing on other tasks.

@aaron @andrey is there any way to measure the effectiveness of the NEO bridge announcement? it takes… time for @phuong to build these bridges. phuong can spend a whole month building these bridges if they prove to be an effective activity. but if we can’t evaluate what value these announcements bring to us now… maybe phuong should spend time now on other critical components on our roadmap.

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I’ll look into engagement, but aside from perception, what are the effects of building the bridges? The more I know about it, the more I can promote it.

@duy @aaron we will push the announcement live this week.
And can answer with some numbers.

Hey guys !
We decided do not proceed further with this proposal.

The XMR & NEO bridges were executed. The ONT one we decided to postpone when we will be demand for such integration.

Moving this to Archive.

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Cosmos is soon to realize its goal of inter-blockchain communication. Is there any chance that the trusted bridge to Cosmos can be revived? What about a trustless bridge via https://www.cosmwasm.com/?

Don’t see any problems in terms of integration with cosmos. The only question is if there is demand from ATOM holders to have privacy ?

I, for one, would like privacy for my atoms. :slight_smile:

1 Like