Innovative Layer-1 blockchain Findora introduced a 3-way privacy-preserving SDK for Web3.
Vendora The Web3-focused Triple Masking SDK has released for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (dApps). According to the privacy-enabled programmable public blockchain, the Findora Triple Masking ZK SDK also improves user transactions. For example, users can now take special care of remaining auditable and have multiple choices regarding disguised or transparent information.
Describing the development as a universal Web3 privacy-preserving solution, Findora added that the Triple Masking SDK provides plug-and-play privacy for dApps.
Findora Developer CEO summarizes the value proposition of the Triple Masking SDK
Commenting on the decentralized app facilitator, Sam Harrison, CEO of Findora developer Discreet Labs, said:
“Triple Masking fulfills the promise that blockchain technology made years ago: your financial condition, your financial future, is no longer in the hands of an unknown third party called ‘trusted’. It is in your hands. The SDK simplifies the developer experience in implementing complex ZK protocols, which in turn enables more It is a decentralized application to offer the benefits of ZK Proofs to its users.”
Harrison also added:
“Users tend to choose between privacy and convenience. And when they do, they usually choose convenience. I’m excited to see what choices developers can offer their users when both privacy and convenience are possible.”
The CEO of Discreet Labs explained that Triple Masking goes beyond just encrypting information. According to him, the new Findora offering can also track assets in an organizational and compliant way with analysis. As a result, Harrison noted, Triple Masking meets professional organization privacy and compliance requirements.
Zero-knowledge proofs and applicability of the SDK
Financial institutions’ requirements to protect privacy have been codified by regulations for decades. It also means that consumers reserve the right to keep their personal financial data away from prying eyes. Although regulations stress the need for financial customers to consent to sharing private information, ZKs enhance the experience.
As cryptographic technologies, zero-knowledge proofs allow decentralized networks to hide transactional data while allowing for inherent information validation. Although this solution represents a computationally complex scenario, it also allows verification of the movement of digital assets across the blockchain without the need for additional sensitive information. This information includes details about the digital asset as well as the sender and recipient. Ultimately, ZK directories lack the core element that provides private transactions for digital assets while ensuring minimal spending on said assets. This is the time period that Findora’s triple mask initiative seeks to appropriately address.
Powered on the Findora network, the Triple Masking SDK provides complete privacy protection and transactional anonymity rather than just pseudonymisation. With the SDK, developers are aware of ZK-enabled and have access to additional transaction privacy on three levels. Although users can protect transactions from the rest of the public blockchain, Findora said the SDK can track assets. This means that while everyone is oblivious to the transactions, back-end auditors can still monitor them.
Findora’s Triple Masking processes thousands of transactions much faster than the industry standard. Furthermore, the application’s compatibility with the secp256k1 curve enables better transaction signing by standard EVM wallets such as MetaMask.
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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify cryptocurrency stories down to the bare essentials so that anyone anywhere can understand without much background knowledge. When not in the depths of cryptocurrency stories, Tolo enjoys music, loves to sing, and is a movie lover.