Findora, a Layer-1 blockchain firm, has recently launched the Triple Masking SDK, which aligns with the company’s mission of combining privacy with auditability. The SDK, a universal privacy-preserving solution set for Web3, enables developers to integrate zero-knowledge proofs into their decentralized applications (dApps). This solution set allows for private transactions to remain auditable, a key feature for regulatory compliance.
Sam Harrison, CEO of Discreet Labs, praised the release of SDK as a significant achievement, describing it as:
Findora’s Triple Masking SDK is a privacy-focused asset transfer solution that provides full-privacy protection and anonymity for transactions. The SDK allows developers to make their dApps zk-enabled, with optional transaction privacy at three levels. This means users have the option to mask the wallet addresses of both the sender and the receiver, the type of asset involved, and the amount sent.
The transactions remain auditable to ensure compliance with regulatory bodies. The Triple Masking SDK integrates asset tracing capabilities that allow every transaction to be monitored by auditors while obscuring them from public scrutiny. The solution set is built on application-specific turbo-plonk zk circuits and is significantly faster than the industry benchmark, with the ability to scale to thousands of transactions per second.
“We are offering the ability to trace assets in a way that complies with existing regulations and analysis tools. This way, Triple Masking solves both the privacy and compliance requirements of a professional institution,” Harrison added.
Furthermore, Findora is compatible with the secp256k1 curve. This enables common EVM wallets like MetaMask to sign a transaction. As Harrison explained, this integration provides a convenient way for users to access the privacy-enhancing features of Findora’s technology.
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Source: Cryptocurrency - investing.com
