Empowering Decentralized On-chain Settlement Matching

Following a recent infrastructure update on the Aleo network, PrivX is poised to revolutionize decentralized trading with its migration of order placement and matching logic on-chain. This strategic move is aimed at ensuring fairness, transparency, and accessibility of transaction data and matching logic. As Aleo continues to evolve, PrivX anticipates leveraging decentralized privacy computing (DPC) and proxy zero-knowledge proof (ZKP) computing models to further enhance transaction speed and availability while prioritizing user privacy.

Leveraging Aleo’s ZEXE Protocol

PrivX relies on Aleo’s ZEXE protocol to achieve two critical objectives: efficient validation and user privacy protection. By employing off-chain computing techniques, PrivX enhances transaction validation on-chain, thereby optimizing the system’s overall performance. Moreover, PrivX’s advanced technology provides selective privacy protection for users and transaction data, surpassing the capabilities of existing privacy protocols. Moving forward, PrivX plans to integrate zkCloud’s off-chain and trustless computing to optimize computing performance and bolster security measures while preserving user privacy.

Incentivizing Liquidity and Future Plans

To prevent liquidity shortages, PrivX will introduce incentives for orders facilitating transaction completion, with specific parameters to be disclosed in future communications.

PrivX Trading Roadmap

• V1 Spot Trading: PrivX will support mainstream cryptocurrencies, offer a customizable modular trading interface, and enhance privacy protection for transactions.
• V2 Margin Trading: Future iterations will include Oracle integration and support for mainstream tokens.
• V3 Derivatives Trading: Users can look forward to access to various financial instruments, including futures, options, and perpetual contracts.

PrivX Advantages

• Censorship Resistance: PrivX operates as a cutting-edge, decentralized platform, prioritizing user privacy without the need for KYC or account verification.
• Anonymous Transactions: Trade confidently on PrivX without disclosing personal information, ensuring utmost privacy for users.
• Complete Ownership: PrivX empowers users with full control over their crypto investments, eliminating the risk of asset freezing.
• Low Gas Costs: Enjoy predictably low gas costs on the Aleo network, avoiding the high gas fees commonly associated with other platforms.
• High Liquidity: PrivX offers attractive liquidity incentives, encouraging user participation in market liquidity provision.

Order Book User Guide

• Test Version: Users can stake tokens, place or cancel orders via the front-end UI or directly through smart contract functions. Backend servers match orders off-chain, with on-chain transaction execution.
• Beta Version: Users can stake tokens, place orders, and cancel pending orders via the front-end UI or smart contract functions.

PrivX are committed to pioneering decentralized trading while prioritizing user privacy, security, and autonomy. Join PrivX as they shape the future of decentralized finance.