Reef Finance, the home builders of Reef Chain, a DeFi blockchain developed utilizing Substrate Framework, today revealed its most recent tactical combination with RAZE Network, a Substrate-based cross-chain personal privacy procedure for decentralized finance (DeFi) and Web 3.0.
Through this combination, Raze Network will execute its public-key homomorphic file encryption to Reef Finance’s dApp community; permitting Reef’s users to stay personal if they so pick.
In the canary variation of the mainnet at the minute, the authorities Reef Chain mainnet is because of release in the future. Reef Chain is a tailored blockchain that permits designers to develop dApps or release existing jobs from Ethereum.
Reef + Raze
The goal of Raze Network is to make it possible for cross-chain privacy-preserving payment and trading systems; while safeguarding the openness of user properties and habits from security.
Raze Network is developing a service for end-to-end privacy for the whole EVM-compatible DeFi and Web 3.0 stack; using zkSNARKs to the Zether structure to develop a layer-2 confidential module.
Using the unique “one-out-of-many” evidence to conceal sender and receiver identities and zK evidence plans to ensure payment consistency; Raze Network will power private, on-chain transactions for all of Reef’s DeFi users; and throughout the lots of DeFi procedures currently developing on Reef Chain.
“We are absolutely honored to offer our privacy-preserving services to Reef in the future. We believe that providing DeFi & Web 3.0 users with an additional layer of security and anonymity is fundamental to the future of the space.”
Justin Kellerson, Project Lead at Raze Network