[PRESS RELEASE – Midtown, Gibraltar, 27th September 2021]
Panther, which has actually set out to offer a personal scalable facilities for wise agreement platforms, Defi, and Web3 applications, partnered with Firo, the business previously called Zcoin, that has actually been establishing personal privacy innovation given that 2016 and was accountable for the production of personal privacy procedures such as Lelantus and Lelantus Spark.
The 2 business, which could, to some level, be deemed surrounding rivals, chose to work together rather and sign up with efforts to speed up research study in the field of personal privacy.
Panther adds to the collaboration with years of experience in the cryptography and cybersecurity area. Panther’s CTO Dr. Anish Mohammed, for instance, with over 20 years of experience in security and cryptography, was an early consultant to Ripple, evaluated the Ethereum orange paper, dealt with numerous tasks consisting of Ocean and Boson, and is the co-founder of the UK Digital Currency Association. Another essential and significant member of the Panther group is Dr. Arnold Yau, a Ph.D. in Information Security from Royal Holloway, University of London with a 20- year profession throughout scholastic research study, defense R&D, hardware security tokens, monetary services, blockchain innovation, and clever agreement security.
Panther allows basic blockchain users, DeFi users, and organizations to exchange worth throughout blockchains and DeFi facilities with zAssets: interoperable, completely collateralized privacy-enhancing digital possessions that utilize zkSNARK innovation, while using an unique rate discovery system for personal privacy.
For the Panther privacy swimming pools to operate efficiently, the size of the privacy embeded in its protected personal privacy swimming pools is particularly essential, and among the extra information of the collaboration is that Firo holders will have the ability to serve as personal privacy stakers and be rewarded for offering their possessions into Panther vaults.
Firo, on the other hand, developed a basic burn and invest design developed to enhance personal privacy while making it more broadly available. Through monetary personal privacy, Firo can straight ensure fungibility, an essential function totally free commerce.
Some locations of research study where Firo and Panther wish to work together are personal privacy innovation research study, cross-chain bridges, and liquidity.
Reuben Yap, co creator and task Steward at Firo states:
” We invite this chance. It is incumbent on supporters of personal privacy to take a trip together. Dealing with Panther, we will have a terrific chance to work together on our ZK innovations. Onboarding with Panther will likewise offer us access to other chains and as an outcome, much increased liquidity.”
Oliver Gale, CEO of Panther invited the cooperation. “At Panther we take our R&D really seriously. Dealing with Firo will be a fascinating obstacle. In some methods the Firo item is more like a rival, however we are eager to trade Firo properties on our InterChain DEX. Both business are committed to the defence of personal privacy which develops our typical bond.”
The collaboration in between Firo and Panther to offer technical partnership and research study in between the 2 business will seek to establish brand-new innovation and purchase brand-new methods of releasing zero-knowledge evidence systems pertinent to personal privacy plans. This will likewise permit the motion of personal Firo possessions throughout chains.
Firo and Panther both supporter personal privacy as a basic human right and empower users to gain back control of their cash.
About Panther Protocol
Panther is an end-to-end personal privacy procedure linking blockchains to bring back personal privacy in Web3 and DeFi while supplying banks a clear course to compliantly take part in digital property markets.
Panther offers DeFi users with completely collateralized privacy-enhancing digital possessions, leveraging crypto-economic rewards and zkSNARKs innovation. Users can mint zero-knowledge zAssets by transferring digital possessions from any blockchain into Panther vaults. zAssets circulation throughout blockchains by means of a personal privacy initially interchain DEX and a personal metastrate. Panther imagines that zAssets will end up being an ever-expanding possession class for users who desire their deals and methods the method they must constantly have actually been: personal.
Firo is a privacy-first digital currency that makes it possible for untraceable deals and real monetary flexibility from the spying eyes of big corporations, banks, and overbearing federal governments. Firo supporters personal privacy as being an expression of authorization and makes it possible for users to gain back control of their cash. As a leading innovation innovator, Firo’s research study group has actually produced the Lelantus and Lelantus Spark personal privacy procedures providing an engaging trustless option that has actually affected.