The Cryptoverse: Is #PriFi The Next Big #Crypto Wave? - (Chris Coney, Alex Benfield & Juan Vilaverde) WCSS025 Featured

  • Sunday, 13 February 2022 15:30
For 7 Best DeFi Strategies To Make You Money click https://www.cryptoasset.school/7-defi-strategies --- Talking points: First of all, credit where credit is due so shoutout to Hartmann Capital for their absolutely brilliant article on Optimizing DeFi Privacy because that was the article that really tipped me over the edge when it came to seeing this next wave coming. They break down blockchain innovation into 3 generations Gen 1 - Decentralised currencies and store of value Gen 2 - Decentralised finance and apps Gen 3 - Decentralised finance combined with optional privacy that affords the user ownership of their own data So that right there is the key value proposition and the major reason why I believe users will flock to PriFi platforms in the future. I say this because privacy and ownership of our own data online is a larger wave that is already underway, so we have a tail wind there. All I see happening with PriFi is this already moving privacy wave combining with the DeFi wave for a very high probability outcome, which is all you can ask for in investing really. So there have already been many attempts at crypto asset privacy and this landscape can be organised into 5 broad categories Privacy Coins Standalone Private DeFi On-Chain Mixers Layer 2 PriFi Layer 1 PriFi Some examples of projects in these categories Privacy coins Zcash (I’m not a fan, never have been) Monero (the star) Grin (performed very poorly) Standalone Private DeFi Secret Network (full smart contract platform) Ethereum + Monero + Cosmos Haven (private derivative assets) On-Chain mixers Not exactly bulletproof because privacy is low if the mixing pool is low and vice versa. Layer 2 PriFi Aztec Protocol (created EIP1724 confidential token standard but not fully decentralized). An immediate privacy solution is to use an Ethereum bridge to deposit funds onto a different layer 2 address than the one you sent them on (although this isn’t foolproof either). Layer 1 PriFi Railgun and Offshift Benefit from existing DeFi liquidity on smart contract blockchains like Ethereum Railgun is also going to deploy on BSC and Polygon. So which ones can you actually invest in? Monero Zcash Grin Secret Network Haven Protocol Offshift Railgun All have tokens you can actually buy right now. But don’t take this as investment or trading advice. This is a shortlist of assets to do further research on.

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