Panther Protocol at the forefront of Secure and Confidential Crypto Transactions

Panther Protocol at the forefront of Secure and Confidential Crypto Transactions

Cryptocurrency
October 4, 2021 by Editor's Desk
470
While cryptocurrencies have come a long way from illicit transactions and unsecure transaction mediums, there is still room for improvement. With a more secure and confidential means of transactions, more people will be confident in investing in cryptocurrencies and enjoy their unparalleled benefits.  One of the areas where crypto transactions need a quick remodelling is
Panther Protocol at the forefront of Secure and Confidential Crypto Transactions

While cryptocurrencies have come a long way from illicit transactions and unsecure transaction mediums, there is still room for improvement. With a more secure and confidential means of transactions, more people will be confident in investing in cryptocurrencies and enjoy their unparalleled benefits. 

One of the areas where crypto transactions need a quick remodelling is ensuring the privacy of translators without losing transparency or decentralization. Currently, most Bitcoin and Ethereum transactions are easily traceable making it difficult for users to remain anonymous. 

While several platforms and blockchains have tried to address this problem, the situation still persists. However, Panther Protocol has developed a decentralized solution to offer end-to-end privacy for all crypto assets. 

Panther Protocol 

Panther Protocol is on a mission to revamp the crypto industry by restoring financial privacy, protecting individual freedoms with interoperable zero-knowledge assets. The platform is designed to safeguard cryptocurrency transfers, personal financial data, and trading strategies for all traders and investors. 

The platform uses a specialized mechanism to achieve complete anonymity in which the protocol oversees the minting and burning of zAssets, which are confidential clones to the corresponding real assets. 

zAssets are synthetic assets that are 1:1 collateralized to actual assets and are maintained in a secure vault. These assets are routed confidentially through Panther Network in a fully composable manner. To take security and privacy a notch higher, Panther Protocol also recently announced its partnership with NEARProtocol

What does Panther Protocol offer?

Panther Protocol is a fully-equipped decentralized protocol with all the tools necessary to ensure confidential crypto transactions. The protocol leverages game-theoretic bounds to efficiently price the services offered by the network. Panther Protocol will be initially launched on Ethereum Network followed by cross-chain services. 

Panther Protocol believes that while blockchain is an integral part of the cryptocurrency ecosystem, most of the networks are incapable of maintaining the privacy of the traders. As blockchain is a public distributed ledger, anyone can view confidential details of the traders making them vulnerable to hacks and thefts. To solve this problem, Partner Protocol has developed a viable solution that ensures complete confidentiality of transactions. 

Moreover, Panther Protocol is powered by exceptional security compared to the norms set in the crypto industry. The protocol has set the bar higher by creating zAssets, Panther Wallet, Panther Vaults, Partner Privacy Miners, a Layer 1 interchain DEX, service providers, trust providers, Panther DAO and Panther Token. 

Panther Protocol is offering an intuitive solution to a complex problem that most blockchain networks are incapable of fixing. With the services the protocol offers, Panther Protocol is setting new standards for secure and confidential crypto transactions.