Decentralize TV: Zano privacy crypto announces stunning new infrastructure achievements
- Originally launched as a privacy coin, Zano has transformed into a privacy ecosystem, enabling developers to create their own confidential assets on its blockchain infrastructure.
- Zano's technology allows users to wrap Bitcoin (BTC) into a private, untraceable version on its platform using bridgeless threshold signatures, enhancing privacy without centralized custody risks.
- Zano aims to become a universal privacy layer for interconnected blockchains, allowing assets to bridge between chains while maintaining confidentiality.
- The Zano team emphasizes privacy as a fundamental right, arguing against the stigma linking privacy to illicit activities and highlighting its role in personal security and autonomy.
- Zano integrates features like aliases (short address names) and a privacy-focused messenger, addressing challenges in private e-commerce transactions and improving user experience.
Andrey Sabelnikov and Pavel Nikienkov, the visionary minds behind the Zano crypto project, joined Mike Adams and Todd Pitner on "Decentralize TV" to discuss
their innovative platform's ambitious plans and recent achievements.
Initially launched as a privacy coin, Zano has undergone a significant transformation. Nikienkov explained that Zano has pivoted from being just a privacy coin to becoming a privacy ecosystem. (Related:
Zano project unveils privacy-focused crypto ecosystem for decentralized transactions.)
This evolution reflects a strategic shift towards building a platform that empowers developers and users to create their own confidential assets – essentially, their own cryptocurrencies – on the Zano blockchain. This platform offers a robust infrastructure, handling consensus, mining and networking, allowing creators to focus on their projects without the technical overhead.
The conversation delved into the practical applications of Zano's technology, particularly in addressing the transparency issues associated with mainstream cryptocurrencies like Bitcoin. Adams, expressing concerns about Bitcoin's lack of privacy, inquired about the possibility of using Zano as a privacy layer for Bitcoin transactions.
Sabelnikov elaborated on their platform's unique approach stating that BTC can be wrapped on Zano, sent privately and then unwrapped on the other side. This process ensures that the Bitcoin transaction remains untraceable, leveraging Zano's confidential layer.
The co-founder and core developer of Zano emphasized the security of this method, stating that there is no private key held by the bridge. This is because they use threshold signatures to distribute custody among participants of the bridgeless network. No single entity has control over the assets, significantly reducing the risk of theft or loss.
The vision for Zano: A global privacy layer
Looking ahead, Zano aims to become an integral part of a global network of interconnected blockchains. Nikienkov said they envision "Zano as a privacy layer" where people can bridge their assets between different chains and add privacy features. This vision aligns with
the growing demand for privacy in digital transactions, especially as governments and corporations increasingly seek to monitor financial activities.
The discussion also touched on the philosophical underpinnings of privacy in the digital age. Nikienkov asserted that privacy is a right. This perspective challenges the prevailing narrative that associates privacy with illicit activities, highlighting the importance of privacy for personal security and autonomy.
Pitner raised the issue of integrating privacy into e-commerce, a sector where data breaches and privacy violations are rampant. "In a perfect world, I'd want a private Amazon," he said, envisioning a platform where users could transact privately using any digital asset.
Nikienkov acknowledged the challenges but remained optimistic. "Privacy crypto is essentially speculation-proof," the project manager and co-founder of Zano noted, suggesting that the true value of privacy coins lies in their use as a medium of exchange rather than a speculative asset.
Zano's commitment to privacy extends beyond its core technology. The platform features aliases, which are short names attached to addresses, enabling secure and private communication between users.
Nikienkov explained that assets or Zano coins can be sent to a person without knowing their actual address. This feature, combined with a privacy-focused messenger, enhances the platform's usability and security.
As the interview concluded, Adams reiterated his belief in the transformative power of Zano. "The world will be a better place because of Zano," he declared. With its focus on building infrastructure for private transactions, Zano is poised to play a pivotal role in the future of decentralized finance and knowledge,
championing human freedom and privacy in an increasingly surveilled world.
Watch this full episode of "Decentralize TV" featuring the Zano co-founders below.
This video is from the
Health Ranger Report channel on Brighteon.com.
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Sources include:
Brighteon.com
Zano.org