Crypto Short News

NIX Carries Out First Ever Privacy Token Swap Between NIX and KMD

Ghost protocol enables users to trade coins without being tracked

With months of research, the NIX and Flare Wallet teams have successfully accomplished the first automated privacy swap ever made. NIX and KMD tokens trade using NIX Network’s Ghost protocol. Proof-of-concept privacy swaps also become reality with this protocol.

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Decentralized Exchanges, allowing cross border access through open-sourced software, does not give users complete privacy. Malicious parties can track and monitor transactions. Basically, NIX’s automated Privacy Swap technology introduces an intermediary swap. This implements through the NIX network and allows users to break cross-chain address history linkage. Hence, allows users to freely trade and swap coins without tracking.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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