privax protocol
privax protocol
privax protocol
  • Introduction
  • The problem we address
  • How We Address Them
  • Quick market figures
  • High level architecture
    • Overview
    • Privacy-preserving smart contracts
    • Use Cases and Applicability
  • Details of the token
    • Overview
    • Relayers
    • Transactional and swap fees
  • Showcases
    • Telegram mini app
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How We Address Them

Privax aims to resolve these issues by introducing a private state managed by the wallet and integrating external services to help users manage virtual assets across blockchains without requiring deep technical knowledge.

🔐 Wallet Key Management

  • Account Abstraction (AA) and Multi-Party Computation (MPC)

AA decouples account logic from the address in EVM chains, allowing smart contracts to perform actions typically reserved for EOAs (Externally Owned Accounts). Benefits include:

  • Multi-signature support

  • Automated transactions

  • Built-in compliance logic

MPC in UTXO chains like Bitcoin enhances security by distributing key control across multiple parties. Benefits include:

  • No single point of failure

  • Decentralized control

  • Compliance facilitation

🆚 Compared to mnemonic keys, AA and MPC offer superior security and operational flexibility.

🕵️‍♂️ Private State Management

Privax maintains a local private state, enabling pluggable circuits (algorithms) to compute proofs in an isolated environment. Only the zero-knowledge proof (ZKP) is exposed externally.

Examples:

  • DeFi Protocol Swap: Circuit computes proof using a private input (e.g., passport data). → Proof is used in on-chain swap, validated by smart contract.

  • Privacy-Preserving P2P Protocol: Notes are processed to generate nullifiers and proofs. → Ensures anonymity and double-spending prevention.

🔁 Advanced Payment Routing

Tokens like USDC exist on multiple chains. Users often lack balance or gas tokens on destination chains. Privax integrates bridges and routing automation inside the wallet, allowing:

  • Seamless token bridging

  • Automatic gas token top-up

  • Refund and fallback handling

⛽ Gasless Transactions

Getting gas tokens is a major friction point. Privax enables gasless UX via:

  • Permit schemes (meta-transactions)

  • Account Abstraction

  • MEV-based relayers

A forwarder service ensures users don’t need to manage or understand gas token mechanics.

💬 P2P Messaging & Identity System

Privax incorporates a peer-to-peer encrypted communication layer and identity framework for:

  • Invoices

  • Travel Rule compliance

  • Payment metadata exchange

🔒 Ensures that all sensitive user data is securely shared between parties only.

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Last updated 17 days ago