/biz/ - Business & Finance

Welcome to the Discreet General. zk-layer 1 project, testnet incoming.

100% confirmed that 2 key Monero devs are contributing to zkxiv to improve the privacy tech.

Newbies introduction:
>by far the fastest (and newest) consensus we've ever seen (100k tx/s, theoretically, with an anonymity set 6x greater than Monero)
>new P2P protocol with minimal latency and an optimized dandelion++
>fully programmable, privacy-enabled Solidity, meaning normies will finally get on the privacy train
>in talks with Brave (Brendan Eich) about standard implementation for web purchases and e-commerce (https://discreet.net/news/61030672fe035592eea8d337/the-redemocratization-of-internet-commerce-crypto/Opinion))
>larger anonymity set than monero (64 vs. monero's 11), so more private, but on a DAG, with private smart contracts, and not done in a glownigger way like SCRT.
>smaller bulletproof+ and triptych proofs, so cheaper transactions
>already has catalonia interested in adopting the currency
>monero devs migrating to the project (https://twitter.com/FrederikMarkor/status/1524418728619876355))
>isn't banned by EU's privacy ban proposal (https://discreet.net/news/60ff81e281232c0dba3e5592/crypto-eu-ban-proposal-discreet/Legislation))
>heavily undervalued
>0.40 USD/BDIS right now, pre-seed still running (has actual institutional backing, and research backing from universities)
>layer 1 testnet coming in a few weeks
>inb4 BSC shitcoin. Read the FAQ. BSC will be converted 1:1 to DIST, the mainnet token when mainnet is launched.

Last general thread:
>>49029277

>TL;DR:
Ethereum smart contracts, with an anonymity set larger than Monero. Monero-style addresses. CEX listable. Theoretical maximum of 10,000 tx/s. Smart contracts/consensus are new technologies.

>Resources:
https://discreet.net/

>FAQ
https://discreet.net/faq

>Whitepaper
https://github.com/DiscreetNetwork/TechnicalPaper/blob/master/Discreet.pdf

>Codebase
https://github.com/DiscreetNetwork/Discreet