Features - Discreet

Discreet

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A Discreet Communiqué
As we kick off 2023, we wanted to take a moment to reflect on the past year and incredible progress we’ve made together. It’s hard to believe how much we’ve accomplished in such a short time.
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Liabilities of Digital Assets as a useful currency
Our core focus for cryptocurrencies has always been, and remains to be a digital replacement for cash, with the ease of use of a credit card. It is a monumental tasks, that requires strategic multi-pronged approaches to ensure compliance and subsequent adoption of the technology. Read more on our goals for the future of digital currencies.
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Discreet Integrates Chainlink Automation To Help Track Tokens Sold in Native Token Launch
We’re excited to announce that Discreet—a programmable, privacy-focused layer-1 network—has integrated Chainlink Automation live on BNB Chain and Ethereum mainnets. We are leveraging Chainlink Automation to securely and cost-efficiently trigger smart contracts tracking the overall balance of our native tokens sold across BNB Chain and Ethereum, helping ensure our native token is not oversold during launch.
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Discreet Launches Zero Knowledge Archive (ZKXIV)
The Discreet cryptocurrency project is pleased to announce the launch of the Zero Knowledge Archive (ZKXIV), a privately funded academic arm with a focus on zero-knowledge cryptography.
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Epic Features.

Discreet is more than the sum of its parts, but its parts are pretty impressive…

Total Privacy

Discreet offers a full spectrum of privacy technologies to ensure spender security, from stealth addresses to fully private transactions. For Discreet users, this means full anonymity: no one can determine your identity from your transactions. This also means full confidentiality: no one can see how much you spend.

Compared to Monero, the leading privacy cryptocurrency, Discreet offers faster, smaller transactions with almost six times the anonymity of Monero. This is possible due to Triptych, a novel algorithm for anonymous transactions.

Learn more about Triptych

Speed

Discreet is a DAG, not a blockchain, so we’re capable of unprecedented speed — up to 100,000 transactions per second.

One of the stunning features about our DAG is its speed. Discreet can easily scale to over 100,000 transactions per second (TPS) with confirmation times averaging 3-5 seconds, on par with Visa, and better than every privacy chain put together.

Fair Mining

Discreet offers a fair mining algorithm to incentivize consensus. The consensus process is partially randomized such that every node has an equal chance of mining the next block in the DAG, much like Proof-of-Work. However, consensus is lightning fast, and gives equal rewards to all possible minters of a block.

The new block minted that is at the head of a particular round of consensus includes a coinbase output to the address of the minter of the block for 5 DIST. Additionally, all fees incurred through transactions are also paid out to the minter of the head block in a consensus round.

Additionally, Discreet users can earn DIST by running Trustless Autonomous Compute Nodes (TACNs), which provide Discreet with computational power. Fees from executing smart contracts are paid out to the TACN which performed the computations. Additionally, the Discreet Compute Network ensures all computations are given out fairly to each node through consensus.

Discript:
Anonymous Contracts

Alongside the programming language is the Discreet Virtual Machine (DVM), a modular execution environment built for running Discreet’s private and public smart contracts. Unlike Ethereum and other programmable blockchains, the DVM scales linearly with the number of compute nodes in the network. Additionally, the utilities of computation are completely separate from the main Discreet network. These two properties of Discreet’s programmable framework make it supreme in speed and throughput.

Special tools for interoperability with other blockchains are provided for decentralized application developers. These come in the form of Discreet’s Paranet concept. As long as a blockchain has a means of reaching consensus, it can be integrated seamlessly with Discreet.

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