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Firo Companions With Panther for Privateness Compare

Firo, a privacy-centered cryptocurrency provider, has entered true into a partnership with Panther that can allow them to analyze privacy and anonymity for transactions. The announcement used to be made on September 27th by the Panther Protocol, which provides dwell-to-dwell privacy for digital assets. Firo, formerly identified as Zcoin, has been creating reducing-edge privacy technology…

Firo Companions With Panther for Privateness Compare

Firo Panther partnership

Firo, a privacy-centered cryptocurrency provider, has entered true into a partnership with Panther that can allow them to analyze privacy and anonymity for transactions.

The announcement used to be made on September 27th by the Panther Protocol, which provides dwell-to-dwell privacy for digital assets.

Firo, formerly identified as Zcoin, has been creating reducing-edge privacy technology since 2016 and objectives to broaden on its study with this latest collaboration.

Forging a Route for Privateness

Firo makes expend of zero-knowledge proofs to be clear fully anonymous transactions. It permits users to burn tokens after which redeem them later for fresh ones, taking away the transaction history.

On the other hand, Panther objectives to invent a scalable internal most infrastructure for dazzling contract platforms, DeFi, and Web3 applications. It makes expend of zAssets to allow value alternate across blockchains in a privacy-centric ambiance.

FIRO will seemingly be supported as a Zasset by @ZKPanther to invent technical collaboration and study to carry out fresh technology and invest in fresh suggestions of deploying zero knowledge proof systems #defi #zkSNARK #FIRO #ZKP $FIROhttps://t.co/XfMv7uAGKs

— Firo (@firoorg) September 27, 2021

Moreover, Panther has “anonymity swimming pools” and Firo holders will act as privacy stakers and be rewarded for offering assets into Panther vaults.

It’s critical to negate that Panther CTO, Dr. Anish Mohammed, brings more than 20 years of experience in security and cryptography to the table. He used to be an early handbook to Ripple.

Extra Records about Panther and Firo

Both platforms have their native tokens, so they shall be regarded as competitive, however the partnership proves that becoming a member of forces is typically better for reaching a approved purpose. Panther’s token, $ZKP, has but to reach critical exchanges for trading.

On the other hand, Firo and Panther need to collaborate in privacy technology study, harmful-chain bridges, and liquidity. In accordance with experiences, Firo co-founder, Reuben Yap, acknowledged: “It’s incumbent on privacy advocates to lag together. Working with Panther, we can have a massive opportunity to collaborate on our ZK technologies. Onboarding with Panther will moreover give us salvage entry to to other chains and, as a result, significant elevated liquidity.”

Sooner or later, Firo unveiled a brand fresh privacy protocol called Lelantus Spark, allowing negate anonymous payments and supporting multi-signatures.

Our Lelantus Spark privacy protocol paper has been updated to consist of plump security proofs and is now readily available on IACR’s eprint archive. https://t.co/AuVYXdwazJ

We at the 2d are searching for cryptography audits! pic.twitter.com/ii7lcXLOjf

— Firo (@firoorg) September 15, 2021

$FIRO Heed Outlook

Firo’s native token, $FIRO, has traded marginally larger on the day at USD 5.22. FIRO label has taken a beating of 27% over the final fortnight. However, and is nowhere shut to its 2017 all-time excessive of USD 140 when it used to be identified as $XZC.

There are 12.3 million $FIRO tokens circulating, giving it a market cap of USD 64.4 million at writing this text.

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