Midtown, Gibraltar, 4th June, 2021,
Panther Protocol is increasing its interoperability by constructing on the Flare Community. Panther takes the subsequent step to bringing much-needed options to the broader business by offering a compliance pleasant privateness protocol. One other step ahead for the DeFi business and its entry to untapped liquidity.
Flare Community will show to be of nice curiosity to decentralized finance as a brand new good contract community bringing the primary Turing Full Federated Byzantine Settlement consensus algorithm to the lots. Extra importantly, it offers entry to roughly 65% of the overall worth in public networks which can be at the moment not accessible to good contract platforms. As decentralization stays important, Flare Community goals to alter that narrative.
Below the hood, Flare can present entry to the most important blockchain ecosystems incapable of operating good contracts natively. That features Bitcoin, Litecoin, Ripple’s XRP Ledger, Dogecoin, Stellar and every other current chain. Within the present stage, Flare will combine XRP, Stellar, Litecoin, and Dogecoin. The community can combine extra cash and ecosystems by way of governance voting submit community deployment.
Contemplating how Flare Community can present entry to this liquidity, it’s of nice curiosity to the Panther Protocol. By constructing a compliance pleasant privateness protocol on Flare, Panther will convey privateness and liquidity to that 65% in liquidity even when the native blockchains don’t help good contracts.
Panther Protocol CEO and co-founder Oliver Gale feedback:
“We’re delighted to work with the most effective at school, enabling privateness rights for particular person and public blockchains. Flare has a strong tech stack with a deal with institutional integration. We’re excited to accomplice with them to construct Panther privateness within the Flare ecosystem.”
As a decentralized resolution specializing in end-to-end privateness for any digital asset, Panther might be of nice curiosity to nearly all DeFi customers. Everybody can profit from private monetary knowledge safety and confidential cryptocurrency transactions. By minting and burning zAssets – confidential clones to the belongings they characterize – the attraction of artificial belongings will enhance exponentially.
Hugo Philion, CEO and co-founder of Flare says “One component that arose from the Gamestop quick squeeze saga was the clear and pressing want to permit for privateness when making investments to keep away from uneven outcomes. Panther’s design of a privateness enabling protocol that maintains KYC and AML compliance whereas protecting customers in command of their knowledge is to my thoughts a extremely necessary improvement and a really helpful addition to the Flare ecosystem.”
Panther Protocol can precisely value the community’s privateness service with the assistance of game-theoretic bounds. An preliminary rollout on the Ethereum community with cross-chain options coming onstream is scheduled. Through the first quarter of 2022, Panther will introduce a privacy-enabled cross-chain decentralized alternate on a scalable Layer 2 resolution.
About Panther Protocol
Panther Protocol is an end-to-end privateness protocol for DeFi. Panther offers DeFi customers with absolutely collateralized privacy-enhancing digital belongings, leveraging crypto-economic incentives and zkSNARKs expertise. Customers are in a position to mint zero-knowledge zAssets by depositing digital belongings from any blockchain into Panther vaults. zAssets will develop into an ever-expanding asset class for customers who need their transactions and techniques the way in which they need to at all times have been: personal.
About Flare Community
Flare is a scalable, extremely decentralized good contract platform that runs the Ethereum Digital Machine and makes use of Federated Byzantine Settlement-based consensus.
The platform’s native token Spark (FLR) allows Flare to unleash the great worth and group created by current tokens that don’t at the moment have native good contracts. Flare is initially integrating Doge, Litecoin, XRP and XLM. Every other token could be built-in by way of group governance voting.
Flare is exclusive in that it derives its community construction from its underlying built-in networks, leveraging the decentralisation and safety of the underlying networks.
Flare’s improvement crew options specialists from the worlds of digital engineering, distributed programs, quantum computing, arithmetic, pc science, quantitative finance and threat administration.
- Jillian Godsil