The Zano blockchain is partnering with Confidential Layer to enable secure and private transactions across multiple blockchains. This allows users to retain their native assets (like ether or bitcoin) while adding Zanoâs powerful privacy features. Both the Zano team and Confidential Layer see this as an important step towards a digital economy where users can control their finances without compromising privacy.
The best of both worlds
Zano, a layer-one (L1) blockchain, has partnered with Confidential Layer, a privacy bridge, to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets such as ethereum (ETH) or bitcoin (BTC) while adding enhanced privacy features.
According to the press release, the partnership offers users the best of both worlds: the liquidity and diverse functionality of a public blockchain coupled with the strict security and privacy of a private blockchain.
As previously reported on Bitcoin.com News, Zanoâs hard fork in the first half of 2024 enabled users and institutions to create crypto assets. The Zano team described the fork as the first of many protocol improvements planned for 2024.
Balancing Control and Privacy in the Digital Economy
Commenting on the collaboration with Confidential Layer, Quinten van Welzen, head of the Zano community, said:
As governments increase their efforts to regulate and monitor digital assets, financial privacy is more important than ever. Zano has always focused on providing robust security solutions, and our partnership with Confidential Layer is a big step forward in ensuring users can transact securely and privately on both public and private blockchains.
Welzen added that by connecting the liquidity and flexibility of a public chain with Zanoâs privacy features, the partnership is creating a digital economy where users retain control without sacrificing privacy.
Meanwhile, the Confidential Layer team pledges to âexclusively connect to the most advanced and secure blockchains, ensuring maximum security and privacy.â
What do you think about the partnership between Zano and Confidential Layer? Share your thoughts in the comments section below.
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