Tornado Cash Users Get the Benefit of Proving Their Money Wasn’t Stolen, Here’s How

Holders of the TORN token, which is derived from privacy mixer Tornado Cash, will now be eligible for rewards for proving that their holdings are not from stolen funds. Web3 builder Chainway has launched a new feature called ‘Proof of Innocence’ which will reward ethical TORN holders. The Tornado Cash platform is often abused by scammers and thieves to anonymously repay stolen funds by depositing their holdings into an anonymous token pool first.

TORN holders will be able to activate this protocol when they want to withdraw their funds from tornado cash protocol.

“Proof of Innocence is a tool that allows users to prove that their withdrawal from Tornado Cash is not from a list of specified deposits, chosen by the user himself. This allows users to remove their names and prove their innocence without revealing their identities.” line wrote in an official post.

Currently, more than 1.09 million TORN coins are in circulation. According to the CoinMarketCapTORN’s total market valuation is over $7 million (approximately Rs 60).

TORN holders, who want to use the proof of innocence to their advantage, will be able to withdraw funds by providing ‘don’t know’ proof. Zero-knowledge proofs can be provided without revealing the original address of the user’s funds.

Those who clear the process will not only get additional layers of anonymity and privacy, but also prove that they are not notorious actors. “This allows users to remove their names and prove their innocence without revealing their identities,” the Chainway blog adds.

Currently, Chainway’s proof of innocence only works on Tornado Cash. The protocol is available on GitHub, a CryptoSlate report note.

“By providing this proof, users can prove that they are not hackers or other bad guys and can withdraw money from Tornado Cash with confidence. This not only improves the security and reliability of the system, but also helps protect legitimate users from being linked to illegal activities without sacrificing their privacy,” the post reads. idea.

Affiliate links can be automatically generated – see ours Moral standards for details.


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button