On November 6, 2024, illuminex officially launched illuminex V2 on the Oasis Sapphire platform, marking a new step forward in blockchain security applications. With advanced technologies such as Oasis Privacy Layer (OPL), illuminex V2 promises to open a new era for security and privacy in the decentralized world. What's Special About illuminex V2? Oasis Privacy Layer (OPL): Maximum Security illuminex V2 uses OPL, a powerful security framework for decentralized applications (dApps) on the Oasis Network. With this technology:
Transaction privacy protection: All transaction information such as sender and recipient addresses, and asset contents are kept confidential.
Cross-Chain Operations: Enables data security without transferring between blockchains.
Enhancing Cross-Chain Transactions
illuminex V2 expands cross-chain transaction support, including Bitcoin. Specifically:
No Bridges or CoinJoin Needed: Eliminate risky intermediary technologies to maintain privacy in Bitcoin transactions.
Non-Custodial Privacy Wallet
illuminex V2 integrates a secure non-custodial wallet, allowing users to manage assets and make transactions securely without having to provide personal information.
Protection Against MEV and AML
illuminex V2 integrates anti-MEV (Miner Extractable Value) tools and Anti-Money Laundering (AML) procedures, ensuring that transactions are conducted in a secure environment and malicious wallets are detected promptly.
Improved Over illuminex V1
illuminex V1 is the world's first DEX to integrate high security features such as MEV protection. With over $1.1 million in liquidity raised in the initial launch phase, this version laid the foundation for the development of illuminex V2.
illuminex V2 offers notable improvements:
Cross-chain support: Integrates Bitcoin transactions and supports both EVM and non-EVM assets.
Enhanced Security: Keep all transaction information confidential throughout the process.
Transaction Optimization: Reduce gas costs and improve transaction performance on both EVM and non-EVM networks.
The Future Of illuminex V2 And Oasis Network
illuminex V2 is a big step forward, but the development team is continuing to expand the ecosystem:
Support for more blockchains: Including Solana, Tron and other major platforms.
Embedded SDK Development: Supports developers in integrating illuminex security features into their decentralized applications (dApps).
Will Wendt, Head of Ecosystem Growth at Oasis, shares:
"illuminex V2 is a one-of-a-kind product, setting a new standard for privacy on the blockchain."
Conclude
illuminex V2 is not just a technology product, but also a testament to the power of Oasis Network in enhancing security and privacy. This is an important milestone for developers and users in the modern blockchain ecosystem.
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