Chainway launches Proof of Innocence protocol for Twister Money customers

by Cryptospacey

Web3 enterprise builder Chainway launched a brand new protocol referred to as “Proof of Innocence” on Jan. 18, which permits Twister Money (TORN) customers to profit from additional anonymity whereas proving that their funds aren’t stolen.

With this protocol, Twister Money customers are in a position to show that their funds didn’t come from any sanctioned or blacklisted addresses with out revealing their id.

The announcement put up summarizes the operate of the protocol by stating:

“The “Proof of Innocence” protocol provides a further layer to this course of by permitting customers to show that their dedication just isn’t in a given record of commitments. This helps to make sure that the consumer just isn’t a hacker or different dangerous actor who has been sanctioned or flagged for unlawful actions.”

The way it works

Based on Chainway’s announcement weblog put up, customers can provoke this protocol once they wish to withdraw funds from Twister Money.

Proof of Innocence - How it works?
Proof of Innocence – The way it works? – (Supply: Chainway)

Customers can present zero-knowledge proof displaying that the funds they want to withdraw are securely held inside Twister Money. The zero-knowledge proof excludes the unique tackle of the customers’ funds utilizing a Merkle-tree knowledge construction, which permits the monitoring of the inputting tackle with out revealing the holders’ id.

The protocol is accessible on GitHub and presently solely works with Twister Money.

Posted In: Adoption, Know-how

Supply hyperlink

Related Posts

Leave a Comment