As interest in anonymous peer-to-peer (P2P) lending and decentralized finance (Defi) explodes, two tech companies are teaming up to create a project to provide intelligent contracts with zero-knowledge proof (ZKP) oracle info.
LibertyPie includes a non-custodial, permissionless, and autonomous P2P trading and Defi protocol designed to provide users with a fully anonymous network to immediately and anonymously buy and sell select cryptocurrencies.
The business is working with Zoracles, a confidential data supplier for smart contracts for collaborators with Defi ventures leveraging Open Oracle with ZKP, to support data transfers associated with their zero-knowledge evidence project.
Zoracle’s oracle solution works to validate transactions trustlessly by randomizing data sources and then relying on cryptography, allowing fully anonymous, confidential and protected transactions.
The aim is to minimize the risks associated with Defi transactions while encouraging legitimately private transactions.
“Until recently, privacy was a myth,” said Abhishek K., a spokesperson for LibertyPie. “With LibertyPie, truly private transactions are now possible.”
LibertyPie was established to resolve the concerns related to centralized.
P2P exchanges, including reduced consumer access and increased fraudster visibility. The website is entirely and unrestrictedly open to any user while also providing security mechanisms that keep trades safe from theft.
The LibertyPie protocol results from a community-based initiative leveraging the governance system of the Decentralized Autonomous Organisation (DAO), with XPIE as their official token of governance. Holders of XPIE may make recommendations or vote on improvements to the network.
Users will use a completely trustless, non-custodial, and smart-contract-based P2P exchange with the LibertyPie network, first deployed in 2020 on the Ethereum and Binance Smart Chain (BSC). With support for more than 180 local currencies, the robust P2P trading network also features cross-chain asset support, an escrow scheme, a credibility rating system, a fraud detection process, and many more.
â€œCryptocurrency traders worldwide have yearned for privacy-based markets for so long,â€ said Zak R., another spokesperson for LibertyPie. â€œOur goal with LibertyPie is to provide exactly that.â€