Let’s talk about privacy— Morphose, compared with others.

Karl Blossfeldt

The need

We do nothing wrong when we make love or go to the bathroom. We are not deliberately hiding anything when we seek out private places for conversation. We keep private journals, sing in the shower, and write messages to our secret lovers to delete them. We do these actions because we need them.

Privacy is a basic human need.

Those in favor of institutions and software have pointed out the same rhetorical question we hear every time when privacy advocates oppose ID checks, transaction records, video cameras, massive databases, data mining, and other surveillance measures: “If you aren’t doing anything wrong, what do you have to hide?”

Cardinal Richelieu once said, “If one would give me six lines written by the hand of the most honest man, I would find something in them to have him hanged”. Privacy is important because, without it, surveillance information will be abused: sold to marketers, manipulated by financial institutions, spied on political enemies — whoever they happen to be. Privacy protects us from abuses by those in power, even if we’re doing nothing wrong at the time of surveillance.

Your secrets, exposed

Let’s say you have a secret lover and you want to send her money. Would you want anyone to know that? Would you want a traditional bank transaction under your and her name? or a Blockchain transaction exposing the origin of your funds under your KYCed exchange account, sent to her KYCed exchange account? Basically, would you want any third party involved in it?

Maybe you wouldn't care. However, what if you knew that collected data could be used in your divorce file? When you think over it, you would understand that any third party is an entity you wouldn’t risk exposing yourself to. If you had a choice, you would always choose the private one. Privacy is a need.

Nowadays, almost every aspect of our lives is in the hands of some third party somewhere. This is why plenty of people have said privacy is dead, starting most famously with Sun Microsystems’ Scott McNealy back in the 20th century:

and echoed by a chorus of despairing writers since then. Without normative rules to provide a more constant anchor than shifting expectations, true privacy actually could be dead or dying. Privacy can endure, but it needs a more enduring foundation.

Why They Can’t Kill Bitcoin?

A payments system incorporating a trusted third party with decision-making authority has an inherent problem: The goals of the third party can diverge from the goals of the users of the system. For example, the users of a fiat currency would prefer that the currency not be inflated, but a government issuing the currency might decide to inflate it to increase the revenue it makes from putting money into circulation.

In a currency such as Bitcoin, such decisions are made by the entire body of users of the payment system and this reduces the ability of a group to discretionarily change the rules of the game. Since the network is decentralized, this removes the risk of someone taking control and “shutting down” the network.

This is actually the exact enduring foundation we need for privacy. Because if they can shut down a network, they can expose any private data in it. Even though Blockchain can be improved by making it natively private, it’s still enough for our foundation.

So, once we have the foundation, now we are with layer 1 and layer 2 solutions on Blockchain. The problem starts here. Because many of them, as centralized platforms, have one thing in common. They depend on third parties!

Third-party Involvement

Many investors would look at this presentation and think that this is something “genius” that needs to be invested (to “buy high sell low”). “Zk-ConSnarks” and “Homomorphic Encryption”. As if the same ZkSnarks have never been around since 1988 and homomorphic is something special.

However, a technical person would realize that these are just buzz words carefully selected to hide something behind. A third party!

If the middleman in the bathroom can hear your latest song behind the bathtub curtains, what’s the point of singing in the bathroom? He may not tell about it to anyone, but you will never sing graciously as you would sing alone.

Third-party involvement is a major privacy problem in a Blockchain.

Everything is public, in a private way

Morphose solves the major privacy problem in a Blockchain.

Morphose enables users to do private transactions by not involving a third party. This is the key distinction of Morphose when compared with other solutions.

Morphose is a non-custodial cryptocurrency mixer that the users are responsible for controlling their own funds. Users deposit to Morphose in fixed denominations such as 0.1, 1, 10, or 100 BNB. For every deposit, the user gets a secret note to withdraw the deposit from the same pool with a new wallet. Simple as that. Since there are tens of the same fixed denominations in the pool, the link between depositor and withdrawer naturally gets broken. Everything is public, in a private way.

Zero-knowledge proofs (zkSNARKs) enable obfuscating deposited token history without revealing which exact deposit corresponds to the secret. Fully decentralized. Everything happens on Blockchain, and Blockchain only. Secret note presented only to client-side running on IPFS.

This is such a simple but big difference that nobody really cares. Morphose doesn’t have buzz words, but she really is the most private. Because Morphose doesn’t use a relayer.

Relayer Problem of Blockchains

As you can read below, this is the current privacy situation on public Blockchains when you want to send funds privately:

A relayer as a general term is a 3rd party that relays some information from one party to another. It can be a server, a middleman, or any other entity that is between the transaction of two entities.

In Blockchain, the relayers are collecting off-chain orders people send them, and relaying them to parties that request these orders to possibly fill. Currently, all Blockchains privacy solutions work using relayers. However, relayer-based architectures have three main drawbacks:

  • They may be considered as centralized intermediaries with the potential for censoring transactions
  • They are technically/economically inefficient due to the gas fee required for the relayer’s transaction and their business need to make a profit on top of the gas fees
  • The use of relayer-specific protocols forces applications to rely on off-chain infrastructure with uncertain availability guarantees.

Other protocols use relayers mainly because the user wants to withdraw to an empty wallet. In other solutions such as Tornado Cash and its clones such as Swirl, depositor pays gas fees to an off-chain relayer to send the funds — making the protocol and user’s privacy dependent on an off-chain third-party business entity.

Morphose solves the empty wallet problem by her non-compulsory faucet that sends a gas fee to withdraw to an empty wallet ( for 1 BNB or more deposits). The faucet is not a third party and it's fully trustless. It’s an integrated part of Morphose UI running on IPFS. It’s a simple middleware that compares input and output hashes from deposit-withdraw smart contract events to send the right fees to the right people, without knowing or relating the depositor and withdrawer. It is also fully autonomous; tied to the exact treasury wallet address that gets the commission fees from withdrawal, working in a trustless, self-sufficient cycle — graciously taking the trusted third party out of the equation.

All the rest

Here we end this article by comparing other Morphose features with others. We hope you enjoyed the article.

Fully Decentralized

Morphose fully lies on Blockchain and IPFS. That means shutting down its UI and Smart Contracts means, shutting down thousands of Blockchain and IPFS nodes. Tornado cash and clones depend on Relayers to pay gas fees. These are off-chain third-party business entities that earn a commission out of user’s privacy. The off-chain relayer server they run can easily be accessed and manipulated by the server owners. Suterusu in addition uses an off-chain relayer as the whole solution.

Multiple Denominations

Using Morphose, users can send 9 BNB in a single deposit transaction and gas cost, fully on Blockchain. All others need to transact 9 times and pay 9 times more gas cost. Suterusu sends funds off-chain and concerts the funds to some other token to do this.

Lower Commissions

Morphose takes %1 commission but pays back near 0.25% as a gas fee to withdraw funds. In busy network times, gas costs spikes decrease this fee down to 0.5%. Swirl and Typhoon take at least 1%. Tornado Cash takes 3% and Suterusu takes more than 3% by taking hidden commissions attached to gas fees.

Lower Gas Fees

Morphose doesn’t use a relayer that gets a commission to pay for withdrawal gas fees. She intentionally doesn’t support saving notes on blockchain or off-chain that causes storage fees and risks privacy. She doesn’t add fees to gas costs as well. All these make Morphose gas fees up to 50% cheaper when compared with any other solution.

Supports two-party use

Like any other mixer, Morphose supports single-party use such as Alice withdrawing her own deposit with a new wallet. However, Morphose supports Alice to send Bob funds with no third party in between, such as a peer-to-peer sales transaction. Alice can deposit to Morphose, text note to Bob just like any other text message and Bob can withdraw without involving any third party in between.

Send multiple parties with a single note

Morphose supports withdrawal to multiple destinations at once. For example, Alice can deposit 3 BNB, and using the same note she can send Bob, Jason, and Sally 1 BNB each in consecutive withdrawals. Other solutions would need 3 deposits and 3 withdrawals.

Hold MORPH to use the protocol for free

For 1 BNB or more deposits, if the user holds a deposit amount worth of MORPH tokens, the user can use the protocol for free and can earn additional MORPH.

Discover Morphose, Join our Community

Morphose is a community project. Join our vibrant community to become part of it. You can learn more about Morphose using the below links.

Web: https://morphose.cash

D‌ocs: https://docs.morphose.cash

Telegram: https://t.me/morphosecash

Twitter: https://www.twitter.com/morphosecash

Reddit: https://www.reddit.com/user/morphosecash‌‌‌

Github: https://github.com/morphosecash

Coingape Article: http://coingape.com/developers-launch-the-first-fully-decentralized-protocol-for-private-transactions-on-binance-smart-chain/

Fully Decentralized Protocol for Private Transactions on Binance Smart Chain https://morphose.cash

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