Panther Protocol Announces Partnership with Elrond to Enable Privacy

Panther Protocol, who’s building scalable private infrastructure for the internet of blockchains, and Elrond, the internet-scale blockchain designed to bring a 1000x improvement in throughput and execution speed over existing decentralized networks, are proud to announce a new partnership that aims to bring interoperable privacy and compliance-friendly selective disclosure mechanisms to the Elrond Network.

By leveraging zkSNARKs technology, Panther Protocol can enable Elrond DeFi users to deposit EGLD, ESDT tokens and other assets into Panther vaults and mint fully collateralized private assets (zAssets) in return. These zAssets can then be used across DeFi applications.

zAssets retain the value of their non-private counterparts and offer their owners an additional layer that will allow their transactions and DeFi strategies to remain private. These privacy enhanced digital assets will also be able to flow between multiple blockchains through Panther’s privacy-first interchain DEX.

The will begin with a feasibility study required to build the infrastructure needed for privacy on Elrond, as well as joint research into providing private interchain swaps to the Elrond ecosystem.

“Our partnership with Panther is part of our ongoing goal to provide financial institutions and market actors with additional options for engaging with Elrond DeFi products in a fully compliant manner.”
said Beniamin Mincu, Elrond Network CEO.

“Panther is on a mission to provide all Web 3.0 users with the complete set of data ownership, sovereignty and privacy options that encrypted decentralized networks can offer. We’re excited to bring end-to-end privacy to the Elrond Network and make it a part of the interoperable, private and compliance-compatible blockchain future we envision.”
said Oliver Gale, co-founder and CEO of Panther

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible….



Read More: Panther Protocol Announces Partnership with Elrond to Enable Privacy