Shielding.Cash - Decentralized privacy Transaction - DeFI

Project Name: Shielding.Cash
Project Track: DeFi
Team Name: Shielding.Cash
Team Member(s): 3
DevPost URL: shielding.cash | Devpost
Project Goal:
Shielding Cash aims to solve the privacy problem of transparent blockchains through the use of private transactions. Inspired by Tornado Cash on Ethereum, Shielding Cash build privacy solution on BTTC.
Project Info:
Shielding Cash is a decentralized, non-custodial privacy solution built on BTTC. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Here are some benifits to using Shielding.Cash:

  • Safe privacy transaction - There’s no middlemen or itermediaries, With advanced zero-knowledge proof your funds are always in your control with privacy.
  • No accounts - Since it’s decentralized, there are no accounts, signups, or KYC requirements
  • No limits - There’s no deposits or withdrawal trade limits.
  • Lower fees - Transaction fees are lower, withdrawal fee is 0.25%

Project Repo/Website: GithubWebsite
Project Details: Shielding.Cash v1.0.0
Project Milestones:

  • BTT privacy transaction
  • TRC20 privacy transaction and TRON network support in future
  • Anonymity-Mining support in future
21 Likes

Looks good. Will be nice to have a way to make things a bit more private? How long do you think Tron support will take?

4 Likes

Love the decentralised building
Keep it With Bttc

3 Likes

Great idea! one concern I have is the platform being used for illicit purposes. How will you ensure people that commit scams are unable to use the platform to better protect the TRON community?

6 Likes

Emm, TRON network will be supported in two or three weeks later, and Currently more privacy can be achieved through more and more people participated in Shielding.Cash.

1 Like

Thanks for your concern, currently the goal of Shielding.Cash is to make transaction more privacy and decentralized.

2 Likes

Hello,
nice way to give another level of security to transactions. What do you mean by “breaking the on-chain link between the recipient and the destination address” ? Does this process happen on your servers or on the blockchain itself?

thanks

2 Likes

okay but a scammer can then also use your platform without penalty

breaking the on-chain link between the recipient and the destination address, which means the real transaction can not be traced on the blockchain.

1 Like

That’s so clever. Like the idea. Wish you GOOD LUCK

2 Likes

That’s a side effect of being decentralized.

The most important here is to educate people so they can avoid scams :+1:t2:
Maybe in the future people will learn crypto basics at school :crossed_fingers:t2:

2 Likes

Nice concept, well done buddy !

Nice concept, well done

This can be a great addition to the Tron blockchain. The speed and reliability of Tron combined with privacy would be awesome!

Could you please explain what “Anonymity-Mining support in future” would be?

Was trying to recheck the website at

http://shielding.cash/

Are there are updates happening?

Just curious