Zano blockchain collaborated with Confidential Layer to enable secure and private transactions between different blockchains. This allows users to keep their original assets (such as ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as an important step towards a digital economy where users can control their finances without compromising privacy.
The best of both worlds
Zano, the Layer One (L1) blockchain, works together with the Confidential Layer privacy bridge to enable secure and private transactions between different blockchain ecosystems. This partnership allows users to keep their underlying assets such as ethereum (ETH) or bitcoin (BTC) while adding advanced privacy features.
According to a press release, the partnership offers users the best of both worlds: liquidity and versatile functionalities of public blockchains alongside the rigorous security and privacy of private blockchains.
As previously reported by Bitcoin.com News, the Zano hard fork in the first half of 2024 made it possible for users and organizations to create confidential assets. The Zano team described the forking event as the first of many protocol-enhancing steps planned for 2024.
Balancing control and privacy in the digital economy
Commenting on the partnership with Confidential Layer, Quinten van Welzen, head of the Zano community, said:
As governments increase their efforts to regulate and monitor digital assets, financial privacy has become more important than ever. Zano has always been focused on providing strong privacy solutions, and our partnership with Confidential Layer is a major step forward in ensuring users can transact securely and privately across both public and private blockchains.
Welzen added that by bridging the liquidity and flexibility of public chains with Zano’s privacy features, the partnership creates a digital economy where users maintain control without sacrificing privacy.
The Confidential Layer team, meanwhile, pledged to “exclusively bridge the most secure and advanced privacy blockchains, ensuring maximum security and privacy.”
What do you think of the collaboration between Zano and Confidential Layer? Share your thoughts in the comments below.
