Tornado Cash Users Now Have Access To Chainway’s Proof Of Innocence Protocol
Key Points:
- Web3 venture builder Chainway unveiled a brand-new protocol dubbed “Proof of Innocence” that enables Tornado Cash (TORN) customers to get further anonymity while demonstrating that their payments are legitimate.
- According to Chainway’s announcement blog post, users can initiate this protocol when they want to withdraw funds from Tornado Cash.
On January 18, Web3 venture builder Chainway unveiled a brand-new protocol dubbed “Proof of Innocence” that enables Tornado Cash (TORN) customers to get further anonymity while demonstrating that their payments are legitimate.
Users of Tornado Cash can use this protocol to demonstrate that their funds did not originate from any prohibited or blacklisted addresses without disclosing their identities.
The announcement article states that the protocol’s purpose is summarized as follows:
“The “Proof of Innocence” protocol adds an additional layer to this process by allowing users to prove that their commitment is not in a given list of commitments. This helps to ensure that the user is not a hacker or other bad actor who has been sanctioned or flagged for illegal activities.”
According to Chainway’s announcement blog post, users can initiate this protocol when they want to withdraw funds from Tornado Cash.
Users are able to demonstrate zero-knowledge proof that the money they want to withdraw is safely kept by Tornado Cash. Using a Merkle-tree data structure, the zero-knowledge proof excludes the initial address of the users’ funds, enabling tracking of the input address without disclosing the identity of the holders.
The protocol is accessible on GitHub and currently only works with Tornado Cash.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
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Tornado Cash Users Now Have Access To Chainway’s Proof Of Innocence Protocol
Key Points:
- Web3 venture builder Chainway unveiled a brand-new protocol dubbed “Proof of Innocence” that enables Tornado Cash (TORN) customers to get further anonymity while demonstrating that their payments are legitimate.
- According to Chainway’s announcement blog post, users can initiate this protocol when they want to withdraw funds from Tornado Cash.
On January 18, Web3 venture builder Chainway unveiled a brand-new protocol dubbed “Proof of Innocence” that enables Tornado Cash (TORN) customers to get further anonymity while demonstrating that their payments are legitimate.
Users of Tornado Cash can use this protocol to demonstrate that their funds did not originate from any prohibited or blacklisted addresses without disclosing their identities.
The announcement article states that the protocol’s purpose is summarized as follows:
“The “Proof of Innocence” protocol adds an additional layer to this process by allowing users to prove that their commitment is not in a given list of commitments. This helps to ensure that the user is not a hacker or other bad actor who has been sanctioned or flagged for illegal activities.”
According to Chainway’s announcement blog post, users can initiate this protocol when they want to withdraw funds from Tornado Cash.
Users are able to demonstrate zero-knowledge proof that the money they want to withdraw is safely kept by Tornado Cash. Using a Merkle-tree data structure, the zero-knowledge proof excludes the initial address of the users’ funds, enabling tracking of the input address without disclosing the identity of the holders.
The protocol is accessible on GitHub and currently only works with Tornado Cash.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
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