Review on Incognito by Berdimuhammedow Rustem

Hello everyone. Incognito is the only blockchain-agnostic sidechain for private operations and applications. Incognito, founded in 2018 by CEO Du Huynh, as well as Constant's founder, was created as a solution to the above-mentioned monthly issue. Huynh did not want to disclose the salaries of its employees when it paid with Ethereum-based stabilcoins. At its core, the Incognito network is a protected PBFT proof. Any node can be added to the network until 1750 Privacy (PRV), the main target of Incognito, is maintained. After joining the knot, he is randomly selected to be a 4-hour confirmant and earns 10.9 PRV at current rates. The Incognito system operates with 1 beacon chain operated by Incognito, 8 balloons and 32 confirming nodes. The group owns lighthouses and cabinets. The group holds 22 of the 32 nodes currently in each shard. The remaining 10 nodes are randomly captured by other nodes available to the network. Once many nodes have entered the network, the group will revert its control over the network. Transactions are Bitcoin-like UTXOs, not account / state-based like Ethereum. UTXO stands for Unused Transaction (TX) output. Incognito argues that this makes parallelization in cabinets easier to grow. One of the advantages of a stateless transaction is that addresses are never used and increase the inviolability of privacy. Reuse of addresses is a powerful attack vector to breach privacy in Bitcoin. For now, the group controls 80% of the token supply, which is about 6-7 million of the 8 million tokens currently in circulation. A good portion of the 5 million pre-mine is locked for physical node sales, liquidity pools and pDEX. Of the rest, the team will be given only 2 million marks in 5 years. Approximately 1 million tokens were used for trial net costs and confirmation prizes. Out of a total of 100 million supplies, only 8 million have been mined so far. Supply supply will be drilled after 40 years. Block prizes are down 9% every year. Preliminary ore was required to multiply the first nodes and give the group liquidity in pDEX. The current blockchain awards collected by the team are distributed equally between the Incognito DAO and the physical node suppression pool. It is used to fund DAO development and ecosystem development. Any group or individual can apply for a grant from the DAO. All of the company’s costs are published for transparency, and the current burn rate is less than $ 500,000 a year. Although the project is currently centralized, company representatives told me in February how they would use and distribute this PRV. As a result, they want to completely turn all cabinets and lighthouse chains into nodes once they have access to the Internet long enough to prevent online attacks. Based on the list above, open public operations are not a requirement for successful data processing. It is unknown at this time what he will do after leaving the post. When you look at the 100 PRV wallets, the resources are a collection of several UTXOs. Each can be 1 to 100 UTXO or 2 UTXO 50. The amount is not really important, it only adds up to 100. When you consume PRV, it receives one, some or all of UTXO's consumption to the output address. With Bitcoin, the public is being investigated openly by following UTXO. Incognito uses Bulletproofs (aka covert operations) and Cryptonote-based technologies to break the chain. Reliability means that when the address of the sender cannot be determined, all senders are likely to be equal. The original group, originally proposed by David Chaum and E. Van Heist, which later became a form of “Persistent Ring Signatures,” is achieved with ring signatures based on the concept of signature. Brake signatures use a number of keys that are combined to hide the actual signature of the operation, while at the same time checking the correctness of the operation.