Panther Protocol - Enabling Secure & Completely Private Cryptocurrency Transactions.

Panther Protocol - Enabling Secure & Completely Private Cryptocurrency Transactions.

2021-10-04 | Eddy Morgan

Panther Protocol - Enabling Secure & Completely Private Cryptocurrency Transactions.

Cryptocurrency transactions are becoming more frequent among all sorts of consumers all around the world. However, one of the most common complaints against digital currencies such as Bitcoin (BTC) and Ethereum (ETH) is that all transactions are completely traceable and accessible to everyone. Because all financial transactions are visible to the entire public, maintaining financial privacy is difficult, if not impossible. For a variety of reasons, it may be necessary to undertake secret transactions. Bad actors or criminal groups, for example, might pose a severe threat to genuine customers. For their own protection and maybe that of others, everyone should be able to keep their financial data secret. Several crypto-related projects have been created in order to provide consumers with a higher level of security and anonymity. Although these platforms are still in their early phases of development, they have demonstrated that private crypto transactions are conceivable. Providing Crypto-Assets with End-to-End Privacy Panther Protocol is a decentralized system that provides cryptocurrency assets with end-to-end anonymity. It was created to protect decentralized finance (DeFi) traders and investors' personal financial data and trading methods. Panther Protocol was created to ensure that all bitcoin transactions are done in a secure way. The Protocol is in charge of minting and destroying zAssets, which are "confidential clones" of the real Assets they represent. Oliver Gale, a well-known entrepreneur, and skilled technologist, and Dr. Anish Mohammed, a cryptographer and ZK proofs expert, are the Panther Protocol's founders. Advanced tools have the potential to compromise the privacy of cryptocurrency transactions. Although blockchain, also known as distributed ledger technology (DLT), is a significant advancement that aims to provide some privacy, individuals or organizations with advanced tools and expertise have developed ways to analyze blockchain data and derive detailed insights from their investigations. Because many DeFi-related transactions involve extremely sensitive financial data, and standard blockchain or DLT systems are unable to provide entirely secret fund transfers, this might become a significant problem. Designed to Keep Transactions Completely Confidential Panther Protocol was created with the intention of providing total anonymity when doing financial transactions. The protocol employs tokens in a complex structure that gives users complete control over how they access and manage their personal information. When compared to most other solutions on the market, the Panther Protocol team currently provides a higher level of security. As previously stated, the team has built "zAssets," which serve as a one-to-one representation of a certain token in a secure system. Taking the Lead in the Industry zAssets were created with the goal of becoming the crypto industry's gold standard. The platform's creators want to ensure that all transactions are completely private, as well as protect users from cyber-attacks.

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