MultiversX Tracker is Live!

Obscuring any ERC-20 token in any wallet. Possibility for whales to hide themselves. Thoughts?

All Cryptocurrencies

by COINS NEWS 90 Views

Oasis's new EVM Sapphire makes it possible to wrap any ERC-20 token in a privacy wrapper. Which besides granting other features it also grants the ability to not have the token show up in your wallet.

So someone from some tiny project on another EVM could theoretically bridge their token to Sapphire, wrap it and then no one would know that specific wallet is a whale. As the wallet won't even show up in the explorer as a whale wallet.

This can happen as soon as Sapphires first DEX launches in about 2 weeks or so.

What are your thoughts about this?

submitted by /u/WingChungGuruKhabib
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments