IllumineX is a blockchain protocol that emphasizes privacy and security. It's built on the Uniswap V2 model and designed to work across multiple blockchains (omnichain) while resisting MEV (Miner Extractable Value) attacks.
What is IllumineX
Here's how it works:
- Privacy-Focused: IllumineX focuses on allowing users to swap and transfer tokens across different blockchains privately.
- Protection Against Front-Running: The protocol is designed to prevent bots from front-running user transactions, a common issue in blockchain transactions.
- Private Wrapped Tokens: These tokens are backed 1:1 with the original token and provide confidentiality for users during trading.
- Oasis Protocol - Sapphire: This is the first confidential EVM (Ethereum Virtual Machine) that enhances privacy in Web3 applications.
- Celer IM: A fast and cost-effective messaging framework that improves the platform's functionality for cross-chain communication.
In summary, IllumineX is a protocol that offers enhanced privacy and security for cross-chain token swaps and transfers, protecting users from common blockchain threats while maintaining transaction confidentiality.
Team of IllumineX
Anonymous founders
Liza - CEO alongside with two other members are the founding members of IllumineX. They all have experience in DeFi since 2021. They have been building arx.cash in the past.
IllumineX review
Pros
Private Transactions
Uses Oasis Protocol Sapphire for secure, private transactions.
Omnichain Capability
Enables transactions on any chain, aiming for omnichain functionality.
Private Tokens
Allows users to convert tokens into private versions for added privacy.
Cons
Regulatory Concerns
Faces potential future regulations due to its focus on privacy.
Tech Vulnerabilities
Complex technology may pose risks like hacks or smart contract weaknesses.