NIX Platform’s Privacy Solutions

Cryptocurrencies: A partial solution to traditional financial system’s flaws.

It is known that traditional banking services are centralized. The appearance of Blockchain technology brought a secure and trustless system to transact assets, but the lack of privacy has been a concern to countless users as, although user identity is disguised on principle, there are public records on cryptocurrency operations left on blockchains.

NIX Platform: Total Privacy for All.

Launched in 2018, NIX allows users to conduct end-to-end zerocoin addressless transactions. Users can (a) conduct completely anonymous transactions, meaning no links to sender and receiver are left on the blockchain and, (b) maintain private account balances.

NIX Platform’s privacy scheme overview.

To accomplish this, NIX possesses a set of powerful privacy elements: the NIX Ghost Protocol, NIX Ghost Vault and 2-Way Ghosting feature, which is based on NIX Pedersen Anonymous Deposits Scheme: Commitment Key Packs. The blockchain privacy achieved with those elements is such that no factors can expose user’s information.

NIX Platform’s privacy solutions.

1. The Ghost Protocol: This protocol itself consists of different elements which continuously evolve and are improved upon: Zerocoin Protocol, a robust encryption system that is not subject to graph analysis and which purpose is to mint original coins into Zerocoins and have them added to an RSA accumulator, making it impossible to know which coins belong to each user. Instead of having a privacy set limited to a few dozens, the NIX network, with the use of Zerocoin, has an anonymity set that encompasses all minted coins in a particular RSA accumulator, which can scale to many thousands. As powerful as it is, the Zerocoin protocol itself is isolated, so NIX Platform developed the Commitment Key Packs scheme, a structure to allow for packing of Pedersen Commitments to act as one-time-key formats for Zerocoin Deposits; as a result, users are able to transfer Zerocoins to one another without using group-able addresses on chain. On top of that, NIX Platform also added to its protocol Tor networking software, such application hides network activity and location online by routing all browsing through multiple anonymous servers.

NIX Platform’s role in current privacy field:

With recently developed Commitment Key Packs scheme along with the Ghost Protocol and the Ghost Vault, there is no way NIX private transactions can be traced back to the participants.

NIX Platform’s future:

NIX Platform is looking forward to becoming a privacy tool for all coins and to be used as a Platform in which privacy dApps can be developed.

NIX Platform has rebranded to Mute! Check out our new site on https://mute.io