Inspiration
We have noticed how many businesses around us have started offering discounts for people paying in cash as payment processor fees can take a lot from family owned shops that are barely making rent. On the consumer end, in the past months, the web has become significantly less private and secure. Leading to the need of privacy focused and opensource to push back.
What it does
Sliq uses PAYPAL USD on the Solana network to provide obfuscation of payments over the block chain.
How we built it
We built Sliq using Solana libraries to interact with the blockchain.
Challenges we ran into
Coming into this project we knew virtually nothing about crypto. Learning enough about the concept and workings of the Solana network in order to transfer real money in real crypto wallets took a lot of time and effort. Since our team is the most well versed in python we used the Solana-py library which turned out to have issues in its docs. Resulting in a lot of time debugging code we initially knew little about.
Accomplishments that we're proud of
The completion of our tumbling algorithm is easily the most satisfying part about Sliq to us. Seeing money actually transfer between many wallets and all end up in the merchant wallet is so cool to watch.
What we learned
We learned the basics of how the block chain works. More specifically how to generate wallet keys, how wallet keys are generated and the different types of keys crypto wallets use.
What's next for Sliq
We hope to do a private soft-launch of Sliq in the coming weeks that will be open to our friends. That way we can see how the app behaves with multiple users interacting with the system at once and to have more accurate pending periods as crypto is being tumbled.
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