pEOS: Enabling private, untraceable token transfers on EOS
Written by pEOS Team
When EOS was initially announced, it was presented as a blockchain operating system. A base layer of software that solves the common problems a blockchain developer faces and enables them to focus on the application functionality instead of reinventing the wheel.
Seasoned programmers will recognize the resemblance to MS-DOS days when the actual operating system was not providing that much. Developers had to implement device drivers by themselves and handle very basic hardware issues. Then Windows came along and things changed. You no longer had to mess with all the low level stuff. You could focus only on true functionality.
Now think about the era of Bitcoin. To implement the Bitcoin “dApp”, Satoshi had to implement/invent a distributed blockchain system. That’s fine as nothing like it existed before that. But then we needed private, anonymous and untraceable transactions. Bytecoin/BitMonero had to re-implement all the network level technology, the consensus, etc again. As you can imagine this was a lot of effort on re-inventing the wheel, solving the same problems, fixing the bugs, patching security holes, the list goes on forever.
Fortunately today EOS has solved that problem. We now don’t have to rewrite the “blockchain operating system”. We can build on top of it. With all the consensus systems, peer-to-peer networking, account system, permissions and security in place, developers can finally focus on the actual novel features.
By being programmable in a powerful language like C++, EOS can actually enable the implementation of the Monero protocol in a smart contract. With some clever engineering, we were able to enable Monero style anonymity and untraceability on an EOS based token by implementing all the specialized and proven cryptography required in a smart contract. And so, privacy EOS was born. Or short pEOS.
If you are interested in this project please make sure that you visit our websiteand read our whitepaper. Don’t forget to subscribe here, as we are going to be posting regular updates on details of the project. These will include the Airdrop and distribution, functionality, etc.
That is all for now, we hope we excited you a bit about the potentials with this little teaser introduction post. See you soon!