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Exposing the Truth Behind Privix Chain. A Fake EVM compatible blockchain Built on Hollow Blocks
- Privix Chain is exposed as a fake EVM compatible blockchain built on hollow blocks with zero real usage and fake validators.
- The current 'live mainnet' and associated dApps offer no custom logic, privacy layers, or decentralization, just a rebranding of open-source work.
- Forking from existing projects is common in web3, but Privix's contributions seem limited to hardcoded configurations with no real substance.
- Privix's claims of being a PoS blockchain are debunked, as it operates on a Proof of Authority model with hardcoded validators and no true decentralization.
- Their chain lacks real usage, relying on time-based block creation and auto-mining without actual validation.
- Their dApps like Nexar and Pulsar are critiqued for being custodial services disguised as privacy-preserving DEXes, with centralized control over user assets.
- Privix markets various dApps as built on a privacy-first Layer 1, but in reality, they lack real smart contract enforcement, on-chain storage, or cryptography.
- Analysis reveals lack of decentralization, realistic staking mechanisms, or true privacy solutions in Privix's ecosystem, with many aspects being centralized or mimicked.
- The 'Spot DEX' and other offerings by Privix are criticized for lacking real substance, utilizing fake tokens, and relying on manual interactions rather than decentralized protocols.
- The article questions the authenticity of Privix's partnerships, documentation, and technology claims, urging readers to think critically and stay vigilant.
- The author invites scientific challenges to the analysis presented, emphasizing the need for transparency and factual discussions in the blockchain space.
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