CandleFocus Hinkal Launches Shared Privacy for Scalable Cross-Blockchain Transactions
2024-09-26
Author: Content Editor
Hinkal has announced the launch of Shared Privacy, a privacy product that aims to address the challenges faced by current privacy features based on blockchain technology. This innovation enhances the privacy capabilities of Ethereum compared to other blockchains and eliminates the fragmentation of anonymity sets, enabling private transactions on a large scale. Shared Privacy extends Ethereum's privacy capabilities beyond its network, making it compatible with multiple blockchains. This is significant for the DeFi ecosystem as it offers scalable and efficient privacy solutions. Hinkal is also introducing Liquid Privacy Tokens (LPTs), which allow stakers to earn yield while contributing to the privacy of the entire network. These developments position Hinkal as a major player in the privacy sector of decentralized finance, offering functionality, scalability, and security for users.
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