Findora Launches Innovative Zero-Knowledge SDK for Privacy and Auditability

The new SDK helps developers to integrate zero-knowledge proofs into their decentralized applications.

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  • Findora’s new SDK helps developers to implement complicated zero-knowledge proofs into their decentralized apps.
  • Users using such apps can sign transactions using EVM wallets like MetaMask.
  • Discreet Labs CEO Sam Harrison said Findora’s ZK SDK is a “significant achievement.”

Findora, an innovative Layer-1 blockchain that combines privacy with auditability to aid in regulatory compliance, announced the launch of the Findora Triple Masking software developer kit (SDK), a universal privacy-preserving solution set for Web3.

Findora Triple Masking SDK allows developers to integrate zero-knowledge proofs into their decentralized applications. Users can conduct private transactions that remain auditable, with multiple options for what information is masked or remains transparent. It provides simple, plug-and-play privacy for every Web3 dApp.

Zero-knowledge proofs are a cryptographic technique that enables blockchains to conceal transaction data while allowing their information to be validated. This solution, while computationally complex, allows a blockchain to verify that a certain digital asset has been moved without requiring information about the sender, receiver and the asset itself.

Sam Harrison, CEO of Discreet Labs, said that the new SDK helps developers to implement complicated zero-knowledge proofs by simplifying the whole process.

“Triple Masking fulfills a promise that blockchain technology made years ago: your financial status, your financial future, is no longer in the hands of some unknown, so-called “trusted” third party. It’s in  your hands. This SDK simplifies the developer experience of implementing complicated zk-proofs, which in turn enables more decentralized applications to offer the benefits of these zk-proofs to their users.” 

On top of that, Findora’s compatibility with the secp256k1 curve will enable common EVM wallets, such as MetaMask to sign a transaction.

Harrison said the launch of Findora’s ZK SDK is a “significant achievement” and the “culmination of the original design of the founders of Findora.”

“A solution set that provides a user with the choice to retain confidentiality while at the same time providing a mechanism that supports regulatory compliance regarding asset tracing and other applicable laws. It isn’t an exaggeration to say that this solution is what the blockchain industry has been waiting for.”

On the Flipside

  • As with any new SDK or application, users and developers should be extra careful and do their own research before deciding to use it.

Why You Should Care

Zero-knowledge proofs are what many believe is the future of blockchain technology. Users using systems with zero-knowledge proofs integrated benefit greatly by having the opportunity to preserve their privacy.

Read more about Polygon launching decentralized ID infrastructure with zero-knowledge proofs integrated:

Polygon (MATIC) Launches Decentralized ID Infrastructure Powered by Zero-Knowledge Proofs

Read more about a DEX on zkSync Era getting exploited:

DEX on zkSync Era Hacked for $1.82M Right After Code Audit

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.