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DeFi

Tornado Cash Accessible With Crypto Dev’s Initiative

October 8, 2022 - Around 2 mins mins to read
Former DeFi protocol Synthetix creator Liam Zebedee has established a means for crypto users to access blockchain protocols such as Tornado Cash, which has been kept entirely unavailable.
Tornado Cash Accessible With Crypto Dev's Initiative
Tornado Cash Accessible With Crypto Dev's Initiative 3

Dappnet is an application network created by Zebedee. It claims to enable access to decentralized apps by combining IPFS (a decentralized hosting service) with the Ethereum Name Service.

While blockchain apps can be directly engaged with, their front-end services can be disabled. Tornado Cash‘s front-end website was suspended when the US Treasury imposed sanctions on it.

As a result, while developers can still engage with it, it is generally unavailable to the general public. Dappnet is intended to address this by providing a decentralized front end for any blockchain application.

Zebedee stated on Twitter:

The user interacts with Dappnet by clicking the program on their computer, which transports them to an IPFS–hosted version. It runs the Ethereum Name Service domain locally on the user’s computer and an IPFS node in the background, exchanging data with other IPFS nodes in a peer-to-peer mode.

Tornado Cash Accessible With Crypto Dev's Initiative
Tornado Cash Accessible With Crypto Dev's Initiative 4

Ouriel Ohayon, CEO of crypto wallet ZenGo, expressed this initiative via a direct message on Twitter:

“I have not tested it, but it looks like a promising way to access Web3 dApps ‘locally’ without the need of a trusted third party.”

Zebedee stated that there are still some challenges with this technique, most of them are connected to IPFS. He stated that lighter IPFS nodes may be developed and that it should be much easier to deploy a website to IPFS.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

crypto

Dappnet

Liam Zebedee

Tornado cash

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Tornado Cash Accessible With Crypto Dev’s Initiative

Former DeFi protocol Synthetix creator Liam Zebedee has established a means for crypto users to access blockchain protocols such as Tornado Cash, which has been kept entirely unavailable.
Tornado Cash Accessible With Crypto Dev's Initiative
Tornado Cash Accessible With Crypto Dev's Initiative 7

Dappnet is an application network created by Zebedee. It claims to enable access to decentralized apps by combining IPFS (a decentralized hosting service) with the Ethereum Name Service.

While blockchain apps can be directly engaged with, their front-end services can be disabled. Tornado Cash‘s front-end website was suspended when the US Treasury imposed sanctions on it.

As a result, while developers can still engage with it, it is generally unavailable to the general public. Dappnet is intended to address this by providing a decentralized front end for any blockchain application.

Zebedee stated on Twitter:

The user interacts with Dappnet by clicking the program on their computer, which transports them to an IPFS–hosted version. It runs the Ethereum Name Service domain locally on the user’s computer and an IPFS node in the background, exchanging data with other IPFS nodes in a peer-to-peer mode.

Tornado Cash Accessible With Crypto Dev's Initiative
Tornado Cash Accessible With Crypto Dev's Initiative 8

Ouriel Ohayon, CEO of crypto wallet ZenGo, expressed this initiative via a direct message on Twitter:

“I have not tested it, but it looks like a promising way to access Web3 dApps ‘locally’ without the need of a trusted third party.”

Zebedee stated that there are still some challenges with this technique, most of them are connected to IPFS. He stated that lighter IPFS nodes may be developed and that it should be much easier to deploy a website to IPFS.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News