Zano and Confidential Layer Partner for Secure, Private Cross-Chain Transactions

Zano blockchain collaborated with Confidential Layer to allow safe and personal transactions between completely different blockchains. This permits customers to maintain their authentic property (reminiscent of ether or bitcoin) whereas including Zano’s sturdy privateness options. Each the Zano and Confidential Layer groups see this as an vital step in direction of a digital financial system the place customers can management their funds with out compromising privateness.

The most effective of each worlds

Zano, the Layer One (L1) blockchain, works along with the Confidential Layer privateness bridge to allow safe and personal transactions between completely different blockchain ecosystems. This partnership permits customers to maintain their underlying property reminiscent of ethereum (ETH) or bitcoin (BTC) whereas including superior privateness options.

Based on a press launch, the partnership provides customers the most effective of each worlds: liquidity and versatile functionalities of public blockchains alongside the rigorous safety and privateness of personal blockchains.

As beforehand reported by Bitcoin.com Information, the Zano exhausting fork within the first half of 2024 made it doable for customers and organizations to create confidential property. The Zano staff described the forking occasion as the primary of many protocol-enhancing steps deliberate for 2024.

Balancing management and privateness within the digital financial system

Commenting on the partnership with Confidential Layer, Quinten van Welzen, head of the Zano group, stated:

As governments improve their efforts to manage and monitor digital property, monetary privateness has turn out to be extra vital than ever. Zano has all the time been targeted on offering sturdy privateness options, and our partnership with Confidential Layer is a serious step ahead in guaranteeing customers can transact securely and privately throughout each private and non-private blockchains.

Welzen added that by bridging the liquidity and suppleness of public chains with Zano’s privateness options, the partnership creates a digital financial system the place customers preserve management with out sacrificing privateness.

The Confidential Layer staff, in the meantime, pledged to “completely bridge essentially the most safe and superior privateness blockchains, guaranteeing most safety and privateness.”

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