news.bitcoin.com
Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over their finances without compromising privacy.
Best of Both Worlds
Zano, the layer one (L1) blockchain, has partnered with the privacy bridge Confidential Layer to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets like ethereum (ETH) or bitcoin (BTC) while adding advanced privacy features.
According to a press release, the partnership offers users the best of both worlds: liquidity and versatile functionalities of public blockchains alongside the rigorous security and privacy of private blockchains.
As previously reported by Bitcoin.com News, Zano’s hard fork in the first half of 2024 made it possible for users and organizations to create confidential assets. The Zano team described the forking event as the first of many protocol-improving steps planned for 2024.
Balancing Control and Privacy in the Digital Economy
Commenting on the collaboration with Confidential Layer, Quinten van Welzen, the Zano community lead, said:
As governments increase their efforts to regulate and monitor digital assets, financial privacy has become more critical than ever. Zano has always been focused on providing strong privacy solutions, and our partnership with Confidential Layer is a big step forward in ensuring users can transact securely and privately across both public and private blockchains.
Welzen added that by bridging the liquidity and flexibility of public chains with Zano’s privacy features, the partnership is creating a digital economy where users retain control without sacrificing privacy.
The Confidential Layer team meanwhile vowed to “bridge exclusively to the most secure and advanced privacy blockchains, ensuring maximum safety and privacy.”
What do you make of the Zano and Confidential Layer partnership? Share your opinion in the comments section below.