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How Does My Xavier Project Ensure Anonymity and Security?


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Before the launch of cryptocurrencies, we had digital currencies in the market and even though conceptually both of them are same, the only big difference between digital and cryptocurrencies is that the later mentioned implements a great deal of encryption measures to ensure transparency as well as user anonymity. This is the very method used by the system to regulate the consistent production of currency while verifying the transfer as well.

Many times, we get to hear that cryptocurrencies are not utterly anonymous due to the presence of blockchain, which maintains ledgers publicly over the network. Well, even though it does happen on our network as well, the general perception is gravely mistaken. Your cryptocurrency wallet has a unique string of characters referred to as the address. Only such a ‘vague’ level of personal information is displayed publicly. There is not any reference to your name or home address anywhere in a given block.

Anonymity in our Wallet

We have a centralized dashboard, where you are not only allowed to keep your funds, but it shows a detailed history of your transactions. Of course, names are not associated with any transaction in order to promote the concept of anonymity, which happens to be the benchmark of crypto World.

Digital Vault

Well, if you want to understand this crucial concept, then you must be aware of the traditional bank vaults. The concept is exactly the same with an exception that the environment has changed entirely from physical to digital. Amazing, right?

It works at the core of our structure and allows you to secure your coins so you may spend them at a later instance, just like in a wallet.

Escrow to Prevent Fraud

Fraud prevention is one of the key aspects that must be dealt comprehensively and strictly when it comes to the online World. We have implemented a multi-layer escrow mechanism to facilitate fair transactions between two parties.

Now you never have to undergo a fraud. Our escrow system will keep your money (as a neutral body) until the service provider has completed the order for you. As soon as you both agree to release the payment, escrow funds will be transferred.

Coin Shuffling

Well, you may not be familiar with this futuristic yet traditional technique. See, just assume that you have 10 coins in your hand. They look similar and ten different people placed each coin in your hand. Now if you want to hide the identity of the person who handed over a specific coin, what would you do?

Of course, you will shuffle the coins such that they get mixed and no one is able to distinguish one from another. This is exactly what we aim to achieve in our system in the near future. All of the coins will be shuffled, therefore, even in the case of an unforeseen incident, the hacker won’t be able to predict which coin belongs to whom.

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Enjin Smart Wallet Updated to Support ERC-1155 and ERC-721 Data, Improves Game Asset Management

Although the gaming industry has been ever-evolving and advancing in recent years, players still face significant challenges when it comes to seeing, storing, receiving, sending, and protecting their in-game assets. Enjin Smart Wallet Collectible Update For those who aren’t already familiar, the Enjin Smart Wallet represents the world’s most advanced and secure cryptocurrency wallet thanks to innovative features such as fingerprint login, an intuitive user interface, and the ability to manage and monitor an unlimited number of blockchain addresses. In terms of security, the wallet relies on several advanced measures, including NSA-grade AES-256 encryption, hardware and RAM encryption, a keylogger-safe keyboard, Arm Compiler, and more. In an effort to enable frictionless game asset management, Enjin recently released a major update to its smart wallet, adding rich data and images to ERC-721 and ERC-1155 tokens. Players can now sovereignly manage their in-game assets and crypto collectibles in a decentralized fashion, along with more than 700 other cryptocurrencies supported by the wallet. With the “Collectible” update, the Enjin Wallet will initially support Gods Unchained, CryptoKitties, and War of Crypto game items, with additions from various industries to be introduced in the future. While ERC-721 tokens must be added to the wallet manually, ERC-1155 tokens utilize a different design standard that enables them to be automatically added to the wallet as soon as they are created in-game and provides players with a more frictionless experience. To celebrate the wallet update and recently announced Gaming Multiverse, Enjin is giving away multiverse items that will be usable across several games for all wallet users who register. Future Plans To date, nine games have adopted Enjin’s blockchain development platform and ERC-1155 standard for tokenizing in-game items, and Enjin shows no signs of slowing down anytime soon. The company has announced the future release of its blockchain explorer, EnjinX, which will effectively serve as an encyclopedia for virtual items stored on the blockchain. EnjinX will therefore allow users to view and verify the value and history of items by accessing stored data. Last but not least, Unity Technologies has announced plans to list the Blockchain SDK by Enjin on the front page of the Unity Asset Store. As the world’s largest game development platform, Unity will provide Enjin with exposure to 4.5 million developers that will be able to mint ERC-1155 tokens and use them to create advanced gameplay mechanics via the Ethereum network—all thanks to Enjin’s robust suite of blockchain development tools. This is a sponsored article and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Enjin Smart Wallet Updated to Support ERC-1155 and ERC-721 Data, Improves Game Asset Management appeared first on NullTX.

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