Holders of the TORN token, which is native to the Twister Money privateness mixer, will now be eligible to earn rewards for proving that their holdings usually are not from stolen funds. Web3 builder Chainway has launched a brand new function known as the ‘Proof-of-Innocence’, which is able to reward moral TORN holders. The Twister Money platform is commonly misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.
TORN holders will have the ability to set off this protocol as and after they want to withdraw their funds from the Twister Money protocol.
“Proof of Innocence is a device that enables customers to show that their withdrawals from Twister Money usually are not from an inventory of specified deposits, chosen by the person themselves. This enables customers to clear their title and reveal their innocence with out revealing their id,” Chainway wrote in an official publish.
At the moment, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the full market valuation of TORN stands at over $7 million (roughly Rs. 60 crore).
TORN holders, who want to use the proof-of-innocence to earn advantages, would have the ability to withdraw by offering ‘zero data’ proof. Zero-knowledge proofs may be offered with out disclosing the unique deal with of the customers’ funds.
Individuals who clear the method won’t solely get further layers of anonymity and privateness, however can even show that they don’t seem to be infamous actors. “This enables customers to clear their title and reveal their innocence with out revealing their id,” the Chainway weblog added.
Referred to as Proof of Innocence, the device is designed for individuals who need to use @TornadoCash but additionally need to present they don’t seem to be a foul actor. It is designed for professional customers who do not need to be related to nefarious actions, but nonetheless need to keep their very own privateness.#TORN
— Coinzone :o:️ (@Coinzonestats) January 23, 2023
For now, Chainway’s proof-of-innocence mechanism solely works on Twister Money. The protocol is offered on GitHub, a CryptoSlate report famous.
“By offering this proof, customers can present that they don’t seem to be hackers or different unhealthy actors, and might make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but additionally helps to guard professional customers from being related to unlawful actions, with out sacrificing their privateness,” the publish famous.
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