Privacy and auditing: Findora, not just a public chain |
In 2020, when all chains are launched, with the help of DeFi, privacy and interoperability will become the needs of more and more people in the future; after nearly a year of design and development, the privacy public chain Findora has launched a public offering on December 29 , Between the just-started Ethereum 2.0 and the new ecology, there is a silent contest going on.
start from "zero"
From a high-level perspective, the field of privacy is the slowest progress in the encryption industry. In the past few years, there has been a lot of research on privacy, but there are very few specific actions and implementations in the blockchain. In the space of privacy coins, after Monero and Zcash, little progress has been made. But without computationally efficient and private computing, blockchains will never be suitable for real-world financial transactions. The level of technology required can be imagined.
Privacy is inseparable from the support of the technical team behind it. In terms of technology, Findora's test network Forge has been released in August 2020. According to the official release, Findora already has many community developers and enterprise users. It provides some tools including issuing assets, setting up accounts, and performing zero-knowledge proofs on the test network. Identity authentication and other complete functions. All transactions in the test network adopt the world's advanced zero-knowledge proof cryptography system, which provides rich fine-grained auditing functions while completely protecting privacy.
At the same time, Findora has many functions that other blockchains do not have, such as creating anonymous assets, anonymous payments, and supporting confidential smart contracts. Findora passport is a zero-knowledge identification system that works with encrypted oracles and imports real identities into the blockchain. To ensure our Findora has privacy and auditability.
Findora has already made breakthroughs in cryptography, blockchain and efficient authenticated data structures, enabling confidential and auditable applications.
Feedback value economy
Technology ultimately serves the business ecosystem and product use cases. Each public chain is equivalent to an economy, and the value of the public chain is equivalent to the GDP of the economy, which is the overall value generated for the above users. For the value of the public chain, three elements are particularly important. Privacy, performance of processing data, and user and developer experience.
On the Wanxiang blockchain in 2020, V God, the spiritual leader of ETH, has also been emphasizing the importance of privacy and zero-knowledge proof. It just so happens that the Findora project is rooted in the privacy field. After a long period of exploration, Findora uses Supersonic technology to demand a technological breakthrough. Compared with other technologies, Supersonic not only does not require trusted settings, but also has high speed and small capacity. The new SNARK technology Supersonic (supersonic) combines Sonic and DARK proofs. It is the first short proof that does not require trusted settings. Under the premise of 1 million logic gates, the proof size can be compressed to 10-20KB, and there is even room for optimization. These technologies will help Findora have both privacy and auditability.
Findora's privacy and data security features make it the best hub for storing the world's financial data. This data can move and transact seamlessly across applications and parties, making Findora the universal financial ledger for any application.
Findora node operators run the Finsense consensus protocol to achieve a synchronized consensus on global financial asset transactions. Finsense also has a competition mechanism that prevents monopoly formation. Finsense will use state-of-the-art technology to maintain security and interoperability under real-world network conditions. The high economic cost of cyberattacks and the difficulty of penetrating the institutional trust structures of that network hinder attempted attacks on consensus mechanisms.
Findora believes that interoperability is an important factor to promote the entry of blockchain into mainstream applications, and fully embeds its related technical concepts into Findora's architecture. Smart Asset Framework and Finsense are just two of the many interoperability-related functions. Findora's interoperability framework also draws on the functions of current interoperable blockchain protocols and the latest academic achievements in academia. To build the world's most advanced blockchain network.
