Panther Protocol enter into partnership with Elrond to enable data protection-friendly defi products

Von Krypto News Österreich

[Press Release - Midtown, Gibraltar, 4th October 2021]

panther protocol , which builds up a scalable private infrastructure for the Internet of the blockchain, and Elrond , the blockchain on the Internet scale, which is intended to bring a 1000-fold improvement of the throughput and the execution speed via existing decentralized networks, are proud to announce a new partnership that is Aus to bring interoperable data protection and compliance-friendly selective disclosure mechanisms into the Elrond network.

By using the ZKSNARKS technology, Panther Protocol can enable EI EI EI Defi users to store EGLD, ESDT token and other assets in Panther vresors and, in return, to shape fully secured private assets (Zassets). These Zassets can then be used via defi applications.

Zassets keep the value of their non-private counterparts and offer their owners an additional level that enables their transactions and defi strategies to remain private. These data protection -optimized digital assets can also flow between several Blockchains via Panthers Privacy First Interchain Dex.

This begins with a feasibility study that is necessary to build up the infrastructure required for data protection on ELROND, as well as joint research to provide private interchain swaps for the Elrond ecosystem.

"Our partnership with Panther is part of our constant goal, financial institutions and market players to offer additional options for fully compliant cooperation with Elrond Defi products." said Beniamin Mincu, CEO of Elrond Network.

"Panther has set itself the goal of providing all web 3.0 users the full sentence of data ownership, sovereignty and data protection options that can offer encrypted decentralized networks. to make that we imagine. " said Oliver Gale, co -founder and CEO of Panther

About Elrond

Elrond is a new blockchain architecture that was developed from scratch to achieve a 1,000-fold cumulative improvement in throughput and the execution speed. To achieve this, ELROND introduces two key innovations: a new adaptive state of shading mechanism and a Secure Proof of Stake (POS) algorithm, which enables linear scalability with quick, efficient and safe consensus mechanism. This means that Elrond can process more than 10,000 transactions per second (TPS) with a latency of 5 seconds and negligible costs and tries to become the backbone of a permitted, limitless, globally accessible internet economy.

About the Panther Protocol

Panther Protocol is an end-to-end data protection protocol for Defi. Panther offers fully secured digital assets to improve privacy and use crypto-economic incentives and the technology of ZKSNARK. Users can shape zero-knowledge-Zassets by storing digital assets from any blockchain in Panther-Resore. Zassets becomes a constantly growing investment class for users who want their transactions and strategies as they should always be: private.

Panther is completely compatible with the AML regulations in terms of compatible by using Panther Metastrate-a Zero Knowledge Date layer that enables users to completely or part of their transaction historia in parties to their choice or by using ZK certificates.