Anonymous and confidential Zpayments launched by zMATIC. Polygon’s privacy zone here.

Zpayments is a private payment system powered by Zeromatic protocol and Polygon network. With $ZMATIC users can send their funds confidentially (transferred amounts are private) and anonymously (identities of transactors are private). Zeromatic protocol based on Σ-Bullets (improved zero-knowledge proof system Bulletproof) with modifications for “many-out-of-many proofs”.

Zeromatic protocol is not “another mixer with zero-knowledge proof” and Trusted setup, like 99% smart-contracts based privacy projects. It’s not a mixer at all. It’s completely independent account-based private payment system with No trusted setup.

Users generate zaccounts (ElGamal ciphertexts, which encrypts the account’s balance under own public key). Each zaccount consists of public key address (starts from “zer0…”) and private key:

Available Zpayments features:

• Deposit an zaccount with ZMATIC tokens and obtain equal amount of shielded tokens in exchange.
• Transfer shielded tokens from one zaccount to another (Confidentially and Anonymously)
• Withdraw to exchange shielded token from an zaccount back to polygon ZMATIC tokens

About Zeromatic

Zeromatic [ZMATIC] is a private payment system powered by Polygon. Send your funds confidentially and anonymously.

SOURCE: 
Medium