The emerging Decentralized Finance (DeFi) platform and applications deployed today are mostly developed on the Ethereum network, where all transaction history and balances are publicly displayed.
Most blockchains today are unable to guarantee adequate privacy protection, which makes it very difficult for investors and other users to perform transactions freely and in a confidential manner.
Although privacy-oriented virtual currencies exist, such as Zcash (ZEC) and Monero (XMR), they are not configurable with the DeFi ecosystem. This means that its usefulness has become very limited.
Meanwhile, currently available privacy protocols have not been developed to ensure regulatory compliance.
This may deter most institutional investors from exploring the potential benefits of privacy protocols, which leads to a major challenge when it comes to upstream liquidity and privacy preservation.
This may also prevent private assets from becoming mainstream, according to industry experts.
It has become necessary to develop confidential systems that can allow users to send private transactions in order to ensure their financial privacy.
Enable a compliant and comprehensive privacy protocol for crypto assets
Panther Protocol is a comprehensive privacy solution developed specifically for digital assets. It can be deployed in a fully compliant manner on any public blockchain (or without permission), according to its developers.
Some of the key features and key features of the Panther protocol include enabling private and trusted transactions while adhering to regulatory guidelines.
As mentioned in the white paper, the Panther protocol uses a feature called privacy mining and a sophisticated price discovery mechanism.
According to its development team, the Panther protocol is configurable and ensures interoperability between multiple blockchains.
The Panther protocol claims to be a fully decentralized solution that provides end-to-end privacy for any digital asset. It protects financial data and related trading strategies, including users of the DeFi protocol, by ensuring that all crypto transactions are executed in confidence.
As noted by its developers, the Panther protocol is designed to oversee the minting and burning of zAssets’ assets, which are described as secret copies of the actual assets they represent.
zAssets are essentially synthetic assets that are secured in a 1:1 ratio of the real assets they represent and are kept in a highly secure vault.
zAssets may be routed through the Panther network in a covert manner so that they can be used in DeFi applications in a fully configurable manner.
The initial deployment of the Panther protocol is set for the first quarter of 2022
The Panther protocol uses the limits of game theory to price the network’s privacy service. To start things off, the protocol will be launched on the Ethereum blockchain with cross-chain solutions in the pipeline.
During the first quarter of 2022, Panther will deploy version 1 of the DEX via privacy chains (or decentralized exchanges) on a Layer 2 solution.
The founders of the protocol are Oliver Gill, an experienced entrepreneur, and tech expert. and Dr. Anish Muhammad, a skilled cryptographic expert and ZK proofing expert.