Elusiv Launches Zero-Knowledge-Based and Compliant Privacy Agreement on Solana Network

03/09/2023 10:44 • Metaverse Matters • 140 views

On March 9, it was reported that Elusiv, a zero-knowledge-based and compliant privacy agreement, had been launched on the main network of Solana, allowing users to send private transactions. In addition, Elusiv is compatible with Solana Pay and supports SOL and SPL tokens. Basic compliance functions include proof of ownership and the ability to create and view keys, enabling users to control the transaction information they share as needed.

The zero-knowledge-based privacy protocol Elusiv has been launched on the main network of Solana

Analysis based on this information:

Elusiv, a privacy agreement based on a zero-knowledge model, has been launched on the main network of Solana. This development provides a means for users to send private transactions, with Elusiv proving compatible with Solana Pay and able to support SOL and SPL tokens. This latest launch also offers basic compliance functions, with key areas including proof of ownership and control over transaction information shared.

Zero-knowledge privacy models are founded on the idea of keeping transaction data private, while showing that certain rules have been followed. By employing sophisticated cryptographic models, this approach can allow the verification of transactions, without the need to reveal any private data. Given the importance of privacy in the blockchain world, the launch of Elusiv is a significant step forward, offering users high levels of privacy compliance.

Solana has already emerged as a popular tool for developers working on blockchain technology, with the network’s high throughput making it attractive for many. The addition of Elusiv as a zero-knowledge privacy protocol now furthers Solana’s capabilities and offers its users greater protection of their privacy. Solana Pay acts as the on-chain wallet in the Solana ecosystem, providing a robust means of transactional management.

With Elusiv, the user can exercise more control over the data they share during a transaction. Additionally, the proof of ownership feature reinforces compliance, offering a clear and transparent model that’s founded on the concept of user consent.

The launch of Elusiv marks an important development in the blockchain world, emphasizing the importance of compliance and privacy. With zero-knowledge becoming more prevalent, it is likely we will see more protocols using this type of model in the future. For users, the ability to create and view keys will be an important feature, accentuating the need for greater control and transparency in transactions.

In conclusion, the launch of Elusiv on the Solana Network is significant for both privacy and compliance, with the zero-knowledge model offering greater transparency and control over transactions. Finally, this new protocol represents a considerable step forward in the evolution of blockchain technology.

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