I’m not a developer, just a curious user and observer of the ecosystem, and I’ve been thinking about something I’d love to hear your opinions on.
Would it be possible—or even desirable—to explore some kind of integration between ICP and Monero (XMR)?
Here’s my reasoning:
Monero brings something very unique to the crypto space: strong, default privacy and anonymity. It’s probably one of the most advanced cryptocurrencies in terms of censorship resistance and untraceable payments.
ICP, on the other hand, offers what Monero doesn’t: a platform to build uncensorable websites, apps, and services directly on the blockchain.
So in theory, combining the two could offer:
Real privacy in payments (via Monero),
And powerful, decentralized platform (via ICP).
Of course, I understand the two ecosystems are very different technically—
But is there any possibility for the two to interact, maybe via some kind of dapp functionality that could accept or proxy Monero payments?
What do you think?
Has anyone already looked into this?
Would this even be feasible, given Monero’s privacy layer?
Thanks in advance for your thoughts!
(I’m just thinking out loud and very open to being corrected or educated.)
If true ICP/XMR privacy can’t be done, what if someone built a pseudo-anonymous token system on the Internet Computer, layering privacy on top of canisters? Imagine a custom ledger where token balances and transfers live inside the canister, hidden from the public chain. Users interact through ephemeral or hashed identities, using hashed public keys or disposable IDs to stay unlinked. Transfer amounts and notes are encrypted at the app level, shielding metadata from prying eyes. Stealth addresses inspired by Monero’s one-time addresses let recipients receive tokens without exposing their identity. It won’t match full-on privacy coins like XMR, but it could offer a powerful middle ground more private than standard ICP tokens, something between ICRC-1 transparency and complete anonymity. Like a private blockchain, wrapped inside a smart contract. What do you think, feasible? useful? secure enough?
Someone did something similar to this theres a project called whirltrace. I dont know much about it maybe @palmstellar wants to weigh in, i believe its their project.
It will strengthen the usefulness of these tokens if they are banned, that is the very purpose of their existence to resist restrictive governments. The EU also wants to be able to restrict encryption in communications apps. For me, it just reminds us how important and powerful the privacy aspect is .