Protect your crypto with ENCOINS
ENCOINS is a privacy protocol on Cardano. Users can create NFTs (a.k.a. encrypted coins or encoins) with secret redeeming values. These NFTs store their redemption values (ADA) in the encrypted format using zero-knowledge proofs. A user can burn a coin to redeem its value from the protocol. You can send, gift, or trade encoins as any other NFT.
The protocol has a second mode of operation called the ENCOINS Ledger Mode. In this mode, users can store their coins directly in the protocol (at the Cardano script address). Thus, it is possible to make confidential payments even without having a Cardano wallet.
We have several partnerships inside the Cardano ecosystem currently in the works. All of them provide meaningful, practical use cases for the protocol. Some could be announced any day now.
With the help of upcoming Cardano Improvement Proposals (namely with CIPs 0038 and 0381), we plan to add more features to the protocol in the future, such as arbitrary native token support and better scaling/lower fees.