Can someone just bring that out so we can have a crypto currency that is actually useful as a currency?
Can someone just bring that out so we can have a crypto currency that is actually useful as a currency?
A demo a couple years ago showed AZTEC being used to conduct privacy-protected DAI transactions for the first time:
https://twitter.com/avsa/status/1068536063470125056
Since then, AZTEC's privacy technology has become more efficient in terms of gas, and more effective at protecting privacy, going from protecting merely the privacy of amounts, to protecting the privacy of amounts transferred and sending/receiving addresses.
AZTEC is also developing a zk-Rollup, which increases Ethereum's maximum throughput from 15 tps to 3,000 tps, so that these private stablecoin transactions can be done at scale (though not 3,000 tps, since privacy comes with a computational and state storage overhead, but still much greater than 15 tps).
https://blog.makerdao.com/busting-makerdao-myths-seven-misco...
Asset “xUSD” - first and only untraceable private stablecoin in monero based blockchain developed by www.havenprotocol.org team. XUSD was started 07/2020 and soon in 02-03/2021 team also start next four assets - xEUR, xCNY, xGOLD and xSILVER. All in private haven protocol.
Sounds like a near stable coin but 6% depreciation is still not stable.
Zcash will be adding support for user defined assets. may be some one will create a stable coin based on Zcash using this.
Even if it were banned it would have little long-term impact. Literally impossible to stop decentralized swaps unless they also cripple BTC. it would be very powerful actually for people to realise how unstoppable it is.