Findora

Apr 28, 2023

Author: Sara K Apr 28, 2023 17:30 Sara K Author Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies. Findora , a Layer-1 blockchain that combines privacy with auditability to help ensure regulatory compliance, has launched its Triple Masking software development kit (SDK). The SDK provides developers with a simple way to integrate zero-knowledge proofs into their Web3 decentralized applications (dApps), allowing users to conduct private transactions that remain auditable and giving them multiple options for what information is masked or remains transparent. Blockchain technology requires transparency, meaning that certain personal identifying information must be visible to the public. This has made it impossible for industries that are legally required to keep certain information confidential, such as healthcare, to use blockchains. Zero-Knowledge (ZK) proofs are a cryptographic technique that enables blockchains to obscure transaction data while still validating the information and verifying the digital asset transfer. The Findora Triple Masking SDK is a privacy-focused asset transfer solution supported by the Findora Network that provides full-privacy protection and anonymity for transactions. The SDK allows every developer to make their applications ZK-enabled. The privacy features can mask the wallet addresses of the sender and/or receiver, the asset type, and the transaction value. But transactions are still auditable, so that they remain compliant with transparency regulations. Findora Triple Masking is built on application-specific turbo-plonk ZK circuits, with the ability to scale to thousands of transactions per second (tps). Findora’s compatibility with the secp256k1 curve will enable common Ethereum Virtual Machine (EVM) wallets such as MetaMask to sign a transaction, while the Prism++ transfer mechanism allows developers to apply the privacy features to any asset class. The SDK fulfils the promise of Web3 by offering users alone the ability to control and consent to who has access to their data, Findora said. “This SDK simplifies the developer experience of implementing complicated zk-proofs, which in turn enables more decentralized applications to offer the benefits of these zk-proofs to their users,” said Sam Harrison, CEO of Discreet Labs, in a statement.