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 should not from stolen funds. Web3 builder Chainway has launched a brand new characteristic known as the ‘Proof-of-Innocence’, which is able to reward moral TORN holders. The Twister Money platform is usually misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.
TORN holders will be capable of set off this protocol as and once they want to withdraw their funds from the Tornado Cash protocol.
“Proof of Innocence is a software that permits customers to show that their withdrawals from Twister Money should not from a listing of specified deposits, chosen by the consumer themselves. This permits customers to clear their identify and show their innocence with out revealing their identification,” Chainway wrote in an official publish.
At present, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the entire 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 be capable of withdraw by offering ‘zero information’ proof. Zero-knowledge proofs might be offered with out disclosing the unique deal with of the customers’ funds.
Individuals who clear the method won’t solely get extra layers of anonymity and privateness, however will even show that they aren’t infamous actors. “This permits customers to clear their identify and show their innocence with out revealing their identification,” the Chainway weblog added.
Referred to as Proof of Innocence, the software is designed for individuals who wish to use @TornadoCash but additionally wish to present they are not a nasty actor. It is designed for official customers who do not wish to be related to nefarious actions, but nonetheless wish to preserve 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 on the market on GitHub, a CryptoSlate report famous.
“By offering this proof, customers can present that they aren’t hackers or different unhealthy actors, and may make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but additionally helps to guard official customers from being related to unlawful actions, with out sacrificing their privateness,” the publish famous.
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