Good evening,.
18 Jul 2023, 22:56
Good evening,
We are excited to share that the Proof of Concept for our Minimum Viable Product (MVP) is complete, and we are now focusing on demonstrating the practical implementation. To learn more about the technical details, you can find the explanation in our GitHub gist at this link: Please note that the complete code repository is currently set to private and will be made public at a later stage.
If you are interested in understanding the concept in a more simplified manner, here's an example of what we aim to achieve:
1. Alice generates a private key and receives a 0x0 address.
2. Alice deposits 2 ETH into her 0x0 address.
3. Alice decides to swap 0.5 ETH for 200 $LINK and wants to keep it within the contract under her 0x0 address. (The swap transaction is executed by a relayer address to maintain privacy).
4. Alice swaps another 0.5 ETH for a newly launched token called $ABC on Uniswapv2. She wants to hold it within the contract, but there is a 5% tax involved. The remaining amount, after deducting the tax, stays under her 0x0 address in her portfolio. (The swap transaction is executed by a relayer address to maintain privacy).
5. Alice further decides to swap 0.2 ETH for another newly launched token called $DEF on Uniswapv2, but this time she prefers to withdraw it immediately to an Ethereum address. The recipient's address is required. (The swap transaction is executed by a relayer address to maintain privacy).
6. Alice now wants to send 0.4 ETH to her friend Tom within the contract to Tom's 0x0 address. This transfer transaction is executed by a relayer address to preserve privacy. It reduces Alice's balance and increases Tom's balance.
7. Lastly, Alice wants to send 50 $LINK tokens to David's 0x0 address. This token transfer transaction is executed by a relayer address to preserve privacy. It reduces Alice's $LINK balance and increases David's $LINK balance.
We believe this example provides a clear understanding of the functionality we are working towards. Stay tuned for more updates as we continue to develop and refine our solution.
Thank you for your support and interest in #0x0.