Innovative layer-1 blockchain Findora introduces Triple Masking SDK privacy-preserving solution for Web3.
Findora has launched a Web3-centric triple masking SDK for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (DApps). According to the programmable privacy-enabled public blockchain, the Findora triple masking ZK SDK also enhances user transactions. For example, users can now transact privately while remaining auditable and have a range of options regarding masked or transparent information.
Describing the development as a Web3 universal privacy-protection solution, Findora said the Triple Masking SDK provides plug-and-play privacy for DApps.
Findora Developer CEO summarizes the value proposition of the Triple Masking SDK
Sam Harrison, Chief Executive Officer Findora Developer Discreet Labs weighed in on the decentralized application facilitator, saying:
“Triple Masking fulfills the promise that blockchain technology made years ago: Your financial status, your financial future, is no longer in the hands of some unknown, so-called “trusted” third party. It is in your hands. This SDK Simplifies the developer experience of implementing complex ZK-Proofs, which in turn enables more decentralized applications to offer the benefits of these ZK-Proofs to their users.
Harrison also added:
“Users have to choose between privacy and convenience. And when they do, they usually choose convenience. I’m excited to see what options developers provide to their users when both privacy and convenience are attainable.” Can
The CEO of Discreet Labs explained that triple masking goes beyond simply encrypting information. According to him, Findora’s new offering can trace assets in a regulatory and analytically compliant manner. As a result, Harrison explained that the triple masking meets the privacy and compliance requirements of a professional institution.
Zero-Knowledge Proofs and SDK Applicability
The requirements for financial institutions to protect privacy have been codified by regulation for decades. It also means that consumers have the right to protect their personal financial data from prying eyes. While regulations insist on requiring consent for personal information-sharing of financial customers, ZK enhances the experience.
As cryptographic techniques, zero-knowledge proofs enable decentralized networks to hide transaction data while allowing verification of the underlying information. Although this solution presents a computationally complex scenario, it also allows for blockchain verification of the movement of digital assets without the need for additional sensitive information. Such information includes the details of the digital asset as well as its sender and receiver. Ultimately, ZK proofs lack an essential element that provides private transactions of digital assets while ensuring minimum spend for said assets. Findora’s triple masking initiative seeks to adequately address this shortcoming.
Supported on Findora’s network, the Triple Masking SDK provides full-privacy protection and anonymity for transactions, not pseudonyms. With the SDK, developers are privy to ZK enablement and can access additional transaction privacy at three levels. However users can protect transactions from the rest of the public blockchainFindora said that the SDK can locate the asset. This means that while everyone is oblivious to the transactions, backend auditors can still monitor them.
Findora’s triple masking processes thousands of transactions much faster than industry benchmarks. In addition, the application’s compatibility with the secp256k1 curve enables better transaction signing by standard EVM wallets such as MetaMask.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to strip crypto stories down to the basics so that anyone anywhere can understand without a lot of background knowledge. When he is not delving deep into crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
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