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Duke Leto da025b057a
It seems important to clarify blockchain address versus IP address 		4 years ago
LICENSE Initial commit 4 years ago
README.md It seems important to clarify blockchain address versus IP address 4 years ago

README.md

HushDEX

HushDEX forked from the Subatomic Decentralized App (dapp) and we focus purely on privacy coin swaps, and specifically, shielded swaps between Zcash Protocol coins. These are called z-swaps.

Z-swap example

Alice has 1 ZEC and wants to trade it for 5 HUSH, since she hears HushChat is pretty awesome and ZEC just goes down in price, always. We represent this in a diagram like this

Alice (ZEC) <> Bob (HUSH)

HushDEX is only concerns with Sapling shielded addresses (zaddrs) which start with zs1. Even though ZEC supports Sprout addresses (which start with zc), they cannot be used on HushDEX. Sprout is unsupported on HushDEX.

So Alice must make sure her ZEC is in a Sapling zaddr, and then she can use HushDEX on her computer, to z-swap with Bob, in a decentralized way, with no centralized service. The system is not completely trustless, users must trust the developers and miners on the relevant chains to not do nefarious things. There is no central authority to decide who gets to do what, it's peer-to-peer like BitTorrent or Tor.

Privacy Features of Z-Swaps

  • No KYC
    • We will not feed the identity theft industry any more free data
  • No IP address limiting
    • It is trivial to pay for an IP address from any country in the world
  • Alice's blockchain address never appears in public data
  • Bob's blockchain address never appears in public data
  • Consequently, Alice and Bob's address cannot be searched for on an explorer
  • Since you can't see the address of any transaction, you cannot infer if the same address appears as sender or receiver in many transactions.
  • The amount of the transaction, how much ZEC and how much HUSH, is unknown
    • It could be pennies or millions
  • The exchange rate of the transaction never appears on the blockchain
    • The exchange rate will be leaked to the network p2p layer, but it is never recorded in blockchain history. If you are not there to record it, it is gone.
    • Realistically, it's simple to run a malicious node which records all exchange rates and so we assume an adversary does this
    • Since the exchange rate of ZEC/HUSH is already public data, this is not considered valuable information leakage. We are leaking the differential of CEX ZEC/HUSH exchange ratio to this DEX's ratio.
    • Adversaries watching all possible public data can infer exchange ratios but no amounts or addresses, which is considered a massive blow against blockchain analysis.