pEOS (PEOS)

pEOS aims to bring private, untraceable transactions on the EOS blockchain. Just as with Monero, pEOS uses ring signatures, ring confidential transactions and stealth addresses, combining Monero’s technology with the EOS’ performance.

The idea behind pEOS is to build a privacy coin on the EOS blockchain, in other words: Monero on EOS. 

Speed

pEOS is built on the EOS blockchain and it takes full advantage of its 0.5 second block time. Compared to the 2-minute block time of Monero, pEOS is significantly faster and is hence more inviting to be used for real-world purchases as transactions can be confirmed in a timely manner. A pEOS transaction can be confirmed a in a couple of seconds, making them competitive with other payment methods.

Token

The pEOS token is operational at this moment and can be transferred between EOS addresses. The pEOS wallet can be downloaded from the pEOS website but is still in alpha. pEOS tokens have the ability to be staked for better security when keys are compromised. Clearly, pEOS aims to be a competitor to other privacy coins such as Monero and Zcash, but at this moment the privacy feature has not yet been fully developend and has not been added to the pEOS smart contract. 

pEOS has one feature over Monero and Zcash in that pEOS will be the first privacy coin that is fully compatible with a decentralized exchange (DEX). Monero or Zcash can only be bought via a centralized exchange, which could trace back the coins to your identity. As pEOS can be purchased on a decentralized exchange, such as NewDex, pEOS has the feature to not be traced or linked to your personal data. Independent specialized blockchains like ZCash and Monero have difficulties in getting support for atomic swaps by other blockchains, due to blockchain interoperability issues, and this makes decentralized exchanges’ support improbable.

The pEOS token was airdropped in a 1:1 ratio to EOS holders after a snapshot was taken on the 15th of February 2019. The pEOS airdrop functioned as an ‘airgrab’ and EOS holders had to claim the pEOS tokens by the 25th of April 2019. In total, 828,353,669 pEOS were created and the amount will remain the same as a fixed supply. Private tokens can be sent to EOS native accounts like any other token operating on the EOS blockchain, but also to private addresses.