Powering Anonymous Cross-Chain Transactions in Public dApps – SilentSwap
Now Web3 protocols can facilitate cross-chain transactions maintaining transaction privacy and user anonymity. All that dapps need for this is integrate with SilentSwap.
SilentSwap is a privacy Protocol that is equipped to power dapps with its privacy functionalities.
Web3 applications that integrate SilentSwap can execute user transactions such as swap, bridging and crypto payments maintaining confidentiality
Integration of SilentSwap Privacy processes by integrating with available SilentSwap Components
SilentSwap Docs detail various methods through which Web3 applications can integrate SilentSwap’s privacy functionalities into them.
The most basic method being embedding of SilentSwap Widget into the application.
SilentSwap’s privacy infrastructure is designed around Web3 principles, operating in a permissionless, decentralized and non-custodial framework.
Chatgpt generated Image.SilentSwap works with Dapps that can executed transactions using EOA wallets
It is simple for most dapps to integrate SilentSwap Privacy functions as they already have functional elements required for the integration.
These are -:
A transaction prompt is constructed through these collected transaction details.
The user prompt is then submitted to be executed by Silent Swap’s execution processes.
Examples of Transaction Details that get embedded into transaction prompts for execution in SilentSwap -
DefaultSourceAsset, DefaultDestinationAsset, InputAmount and DefaultReceiptAddress
They should be equipped to track transaction status and provide alerts
Have Normal RPC infrastructure to query Blockchain data, Smart Contract status etc.
Currently SilentSwap is geared to function with Protocols across – Ethereum, Solana and Bitcoin.
Web3 Platform integrating SilentSwap must have a WalletConnect ID
For SilentSwap privacy functionalities to work – Protocols are required to get a WalletConnect / Reown project ID.
SilentSwap’s working processes creates one transaction linked wallet accounts using WalletConnect – to facilitate anonymous transactions.
In SilentSwap powered transactions – users wallet address is shielded from exposure, with a Smart Contract Account(SCA) signing transaction on behalf of the user. This shielding concept is like VPNs shielding user IP address from exposure.
User signs wallet with private key and authorises SilentSwap to process the transaction according to Silent Swap’s privacy execution flow processes
SilentSwap Mechanism for facilitating Anonymous Transaction. Source
This involves –
Generation of Mnemonic Seed Phrase
Creation of temporary facilitator accounts using seed phrase
Smart Contract Account (SCA) inside Trusted Execution Environment (TEE) signs the transaction authorized by user using encrypted Private Key of facilitator account.
TEE is a sandboxed enclave inside computer processor for computing data with privacy, as this data cannot be accessed by operating system.
This architecture helps reduce exposure of facilitator account execution details on-chain
Each transaction is executed through a fresh facilitator account key managed by the SCA. This makes tracing the original sender through on-chain analysis significantly harder.
SilentSwap provides the privacy infrastructure for Protocols to execute cross-chain transactions confidentially maintaining user anonymity.
SilentSwap has a dapp implementation - https://app.silentswap.com/?src=e1.ETH&dst=e1.WBTC
SilentSwap Protocol can Swap assets, facilitate private crypto transfer transactions maintaining user anonymity and data privacy.
SilentSwap has advanced processes to execute user transaction finding the optimal routing path evaluating liquidity, fee and other metrics in prevalent Privacy Blockchains. It’s a Privacy Aggregator Protocol.
SilentSwap Protocol additionally provides users a ‘Delete all Data” feature – for users to wipe away any transaction metadata traces such as sign in, private wallet cache etc.
SilentSwap Protocol makes provision to clean up transaction traces
SilentSwap components such as widgets that is available for dpps to integrate are coded with option to enable privacy mode. By default Public Blockchain dapps will process transactions normally in Public by default mode. If users want to process transactions with privacy for data confidentiality they should enable Privacy mode.
Even SilentSwap Protocol has a option to enable Privacy, this could mean if users want full privacy including anonymity - they should enable Privacy mode.
It is a positive development that popular Web3 dapps can now be equipped to process transactions maintaining user confidentiality and anonymity. Until now, transactions executed through public dapps openly exposed wallet addresses, transferred amounts, transaction paths and receiving addresses on-chain.
SilentSwap’s privacy infrastructure provides a way for such sensitive transactional data to be shielded, enabling users to conduct cross-chain transactions with greater confidentiality.
