Despite anonymity being one of the key drivers for the growth of blockchain transactions, reliable platforms are still difficult to come by. This is where xCellar comes in. The platform is a DeFi (Decentralized Finance) protocol built to provide private and secure transactions on blockchain networks. Let’s discuss how this novel platform tackles privacy problems.
How Does xCellar Work?
xCellar is powered by the Fawkes Formula, which is a proprietary security protocol from the company. The Fawkes Formula is at the core of the platform’s untraceable transaction system. The technology uses zero-knowledge proofs and cryptographic techniques to ensure complete anonymity.
In a time when more and more transactions are traced, xCellar brings novel technology to help you stay completely under the radar. Unlike traditional cryptocurrency mixers, xCellar does not pool user funds to obscure the place of origin. The platform is fully decentralized and enables direct peer-to-peer private transactions. It has privacy features built into the smart contracts themselves.
xCellar combines client-side proof generation, decentralized relayers, and its proprietary Fawkes Formula to create a truly decentralized and anonymous system. On the client-side proof generation, users generate cryptographic proofs on their device, so sensitive info is not exposed. Decentralized relayers, on the other hand, are independent actors who help route transactions without knowing the sender or receiver.
The platform’s goal is to offer privacy across multiple blockchains. Users can currently send assets privately across Ethereum, Binance Smart Chain (BSC), Polygon, XRPL (XRP Ledger), and Solana.
In summary, xCellar is a privacy-focused protocol for blockchain transactions. Unlike mixers, the platform does not pool users’ funds or use custodians. Instead, the platform utilizes advanced cryptography, zero-knowledge proofs, via its proprietary technology, the Fawkes Formula.
To learn more about xCellar, visit their website, X page, or join their Telegram channel.
DISCLAIMER: THIS IS A SPONSORED POST