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Anyone familiar with the crypto world knows that one of the strengths of cryptocurrencies and blockchains is transparency. However, this may not be suitable for everyone, leading to the development of blockchains and protocols that obscure certain data, such as address balances and more.
Thanks to a long-standing project, we can now not only benefit from private and secure transactions but also leverage advanced DeFi tools, including decentralized exchanges (DEX), like the one being built by ZEOS.
Addressing privacy concerns in the blockchain space revealed the need for superior anonymity solutions. Several blockchains, such as Monero and Zcash, have emerged to protect transaction privacy effectively.
However, these solutions often face scalability challenges, slowing down transactions and hindering their suitability for broader applications like decentralized finance (DeFi).
Over time, various blockchains have evolved, making progress in privacy. One particularly interesting project in the privacy sector is based on the EOS blockchain. With community support and skilled programmers, efforts were made to integrate privacy protocols into the EOS blockchain.
Initially exploring Monero’s protocol and later integrating Zcash successfully via a smart contract, the ZEOS team achieved a high level of privacy while retaining the benefits of the EOS blockchain.
The EOS community boasts excellent programmers, and the ZEOS team has not stopped at privacy. They have ventured into the decentralized finance sector, developing a DEX using ZEOS for crypto-to-crypto exchanges with notable speed and decentralization. The DEX is currently in the testing phase.
While the protocol is in the testing phase, anyone can try it out following a guide. Users need a test account on the EOS Jungle4 blockchain, and after that, they can access the platform via a provided link.
The interface includes order options for buying and selling ZEOS and EOS:
Users can place buy orders by entering preferred data and confirming transactions with their wallets:
The process is quick, and users can retrieve ZEOS through the DEX:
Notably, users can deposit tokens into a pool by adding ZEOS to the deposit section, automatically calculating added EOS:
This DEX also allows users to place purchase and sale orders, completed based on order conditions:
DEX ZEOS offers not just a decentralized exchange but also:
Decentralized finance is set to endure, progressing further with systems enhancing privacy. Projects like DEX ZEOS demonstrate the technical prowess of the EOS blockchain, positioning it competitively in the evolving landscape of decentralized finance.
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