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Panther Protocol and Firo Accomplice up for Privateness Analysis

[PRESS RELEASE – Midtown, Gibraltar, 27th September 2021]

Panther, which has got down to present a personal scalable infrastructure for sensible contract platforms, Defi, and Web3 purposes, teamed up with Firo, the corporate previously generally known as Zcoin, that has been creating privateness expertise since 2016 and was accountable for the creation of privateness protocols reminiscent of Lelantus and Lelantus Spark.

The 2 corporations, which might, to some extent, be seen as adjoining rivals, determined to cooperate as a substitute and be a part of efforts to speed up analysis within the discipline of privateness.

Panther contributes to the partnership with years of expertise within the cryptography and cybersecurity area. Panther’s CTO Dr. Anish Mohammed, for instance, with over 20 years of expertise in safety and cryptography, was an early advisor to Ripple, reviewed the Ethereum orange paper, labored on a number of tasks together with Ocean and Boson, and is the co-founder of the UK Digital Foreign money Affiliation. One other necessary and notable member of the Panther workforce is Dr. Arnold Yau, a Ph.D. in Info Safety from Royal Holloway, College of London with a 20-year profession throughout educational analysis, protection R&D, {hardware} safety tokens, monetary companies, blockchain expertise, and sensible contract safety.

Panther permits easy blockchain customers, DeFi customers, and establishments to change worth throughout blockchains and DeFi infrastructure with zAssets: interoperable, totally collateralized privacy-enhancing digital belongings that leverage zkSNARK expertise, whereas providing a novel value discovery mechanism for privateness.

For the Panther anonymity swimming pools to operate optimally, the scale of the anonymity set in its shielded privateness swimming pools is particularly necessary, and one of many further particulars of the partnership is that Firo holders will have the ability to act as privateness stakers and be rewarded for offering their belongings into Panther vaults.

Firo, alternatively, created a easy burn and spend mannequin designed to strengthen privateness whereas making it extra broadly accessible. By way of monetary privateness, Firo can straight assure fungibility, a elementary characteristic at no cost commerce.

Some areas of analysis the place Firo and Panther need to collaborate are privateness expertise analysis, cross-chain bridges, and liquidity.

Reuben Yap, co founder and mission Steward at Firo says:

“We welcome this chance. It’s incumbent on advocates of privateness to journey collectively. Working with Panther, we could have an awesome alternative to collaborate on our ZK applied sciences. Onboarding with Panther may also give us entry to different chains and consequently, a lot elevated liquidity.”

Oliver Gale, CEO of Panther welcomed the collaboration. “At Panther we take our R&D very significantly. Working with Firo will likely be an attention-grabbing problem. In some methods the Firo product is extra like a competitor, however we’re eager to commerce Firo belongings on our InterChain DEX. Each corporations are devoted to the defence of privateness and that creates our widespread bond.”

The partnership between Firo and Panther to offer technical collaboration and analysis between the 2 corporations will look to develop new expertise and spend money on new methods of deploying zero-knowledge proof methods related to privateness schemes. This may also permit for the motion of personal Firo belongings throughout chains.
Firo and Panther each advocate privateness as a elementary human proper and empower customers to regain management of their cash.

About Panther Protocol

Panther is an end-to-end privateness protocol connecting blockchains to revive privateness in Web3 and DeFi whereas offering monetary establishments a transparent path to compliantly take part in digital asset markets.

Panther offers DeFi customers with totally collateralized privacy-enhancing digital belongings, leveraging crypto-economic incentives and zkSNARKs expertise. Customers can mint zero-knowledge zAssets by depositing digital belongings from any blockchain into Panther vaults. zAssets movement throughout blockchains by way of a privateness first interchain DEX and a personal metastrate. Panther envisions that zAssets will change into an ever-expanding asset class for customers who need their transactions and techniques the best way they need to all the time have been: non-public.

About Firo

Firo is a privacy-first digital forex that allows untraceable transactions and true monetary freedom from the prying eyes of huge companies, monetary establishments, and oppressive governments. Firo advocates privateness as being an expression of consent and permits customers to regain management of their cash. As a number one expertise innovator, Firo’s analysis workforce has created the Lelantus and Lelantus Spark privateness protocols presenting a compelling trustless different that has influenced.

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