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hi everyone my name is Yvonne and I've
been do a quick overview of tough to
Middletown became a mixer with the
specific focus on building one that is
completely anonymous and does not
require human interaction or human
subsidies so if you look at these see
themselves right now many of them are
not 100% decentralized they tend to
require either a price key remediate a
we layer that's subsidized by some
company maybe one exception will be you
swap that exists on chain and requires
pretty much no interaction and so let's
see how close we can get back to the
gold standard yes
so first of all there's if you mixing
technologies that exist this days the
first one is enjoying the statues in
Bitcoin discipline for example in the
wasabi wallet and it's also used in
memorable and grim if you've been
following the project then there is
equally based which is used in Manero
and finally there's always vertical
three based verticals of the of
investment wanna see cash and there's if
you if you mix there's built on top of
theft that vertical as well including it
makes the most sense or not attached so
quick overview of all three who join is
basically instead of two people doing
two different two different transactions
they come together for the purposes of
climbing up helping each other be
anonymous and the merge that into one
single transaction so for example here
if time is a drug dealer and bombing
LSU's who enjoying it's impossible to
know whether LS or ball being the drug
dealer so they kind of give each other
this possible deniability the problem of
that is your anonymity status very low
it says maybe white people doing the
despite people helping you be slightly
more anonymous but that's not quite good
enough the next thing is the decrease of
privacy which is using Manero the ad is
you can use a on chin Beauty EXO and
pretend that that would've been your
input so basically every transaction has
maybe attempt to 15 sources only one of
them is video the rest of them we could
like not even know that they've been
used in the immunization so that's
that's quite a lot better and then
there's a separate technique for fight
for fighting the Imams behind those
transactions where you do bit by bit
encoding but decoy protocols have
suffered from punch of attacks before
long story short there's risks of
repeated interactions so if the same
person please the same drug dealer a few
times in a row there's going to be
multiple part multiple paths in the
transaction graph the from that person
to the drug dealer that's pretty bad
point being kind of quiet process of
elimination we arrive at zero knowledge
Merkle tree based mixers as the only the
only way to achieve maximum an amenity
and here the ad is the sugar pool that
keeps all the money that wants to
participate in the analyzation
and no one knows who they swim with in
the pool and then you deposit into the
pool we for wild-animal draw and so that
is kind of the most private wave of
anonymizing
your points pretty so what are the
components that we Zeki start mixer
first you need a core smart contract
that that takes that money and processes
deposits and withdrawals typically
requires I trust it set up
not necessarily anymore that also ZJ
starts then you need to generate the
immortal Phoebe's for deposit basically
thus you'll hear that's the first arrow
of continually pool they need to exit
through the pool that requires about
sixty seconds and then you need to send
up those transactions in turn the VG is
every single piece of those components
chameleons paunchy by their own ETA and
one for a DFS the first part is sending
the transactions so that has to be OB
layers sponsoring all that and there's
first off you need to differentiate
between the person helping you they're
all and the recipient address so that
you can draw to clean addresses and have
fifties handle for you so how do we
sponsor that one we could deposit money
to compound to into the you swap as
liquidity pool or we could take a feel
and so if you do a quick cultivation you
swap will sponsor a transaction at
800,000 guess which is roughly near its
price up 2.25 we which to those who uses
here you know this is very little this
this will never go through on chain
actually and then if you deposit die
which gives you much higher interest
rate that's up to four we and then if
you take 1% or 5% tea the that's much
more realistic so long story short for
immunization and Long's
over roughly one either you need to pay
roughly 5% fee to sponsor the role and
make the layer sustainable thank you
some more things to to look at that
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you