Article Summary, Automatically Generated By AI
About Fractal Network
-
Combining EVM and UTXO layers:
Leverages capabilities of both for programmability and privacy. -
EVM layer (Smart Chain):
Compatible with Ethereum, Polygon, and BNB Chain; uses Solidity language. -
UTXO layer:
Uses Rust; employs zero-knowledge proofs for privacy functions like confidential transactions. -
Findora Blockchain:
Public L1 blockchain with programmable privacy and EVM compatibility. -
Dual-chain architecture:
Combines privacy with auditability for Web3 mass adoption. -
Unique features:
Combines privacy with auditability; enables selective audit
Introducing Fractal Network: A Pioneering Ecosystem
Why Opt for a Hybrid Architecture: Leveraging EVM and UTXO Layers
By synergistically integrating these two blockchain models into a single L1, Findora harnesses the strengths of both: the EVM layer, which enables programmability, and the UTXO, which ensures privacy.
The EVM layer, also known as the Smart Chain, enables seamless compatibility between Findora and other EVM-based chains, such as Ethereum, Polygon, and BNB Chain, thereby fostering a developer-friendly ecosystem. By leveraging Solidity, a programming language familiar to many, developers on Findora can effortlessly build decentralized applications (dApps). Moreover, integrating privacy features is simplified, as they merely need to utilize the SDK to invoke functions from the UTXO side.
The UTXO layer, conversely, leverages Rust programming language. By harnessing advanced zero-knowledge proofs, it facilitates the creation of privacy-centric functions, such as confidential transactions, which safeguard the token amount and type. Furthermore, with the forthcoming implementation of the “triple-masking” feature by Discreet Labs, the UTXO side will also be capable of shielding wallet addresses involved in sending and receiving tokens or NFTs.
By integrating an EVM layer with a UTXO chain, Findora provides developers with a platform that seamlessly combines the programmability of Ethereum with cutting-edge privacy features, thereby unlocking unprecedented possibilities.
The Pioneering Findora Blockchain: A Beacon of Innovation
A Comprehensive Introduction to Findora
Findora is a pioneering public layer-1 blockchain that seamlessly integrates programmable privacy and EVM compatibility. Conceived as a university cryptography research project in 2017, it was officially launched to the public in 2021. By harnessing the latest advancements in zero-knowledge proofs and multi-party computation, Findora empowers users with transactional privacy, while also providing selective auditability.
One of Findora’s pivotal innovations is its pioneering dual-chain architecture, which gives rise to a zk-ledger, diverging from the conventional open ledger paradigm. By virtue of its distinctive L1, Findora masterfully reconciles privacy with auditability, thereby paving the way for Web3’s widespread adoption, while ensuring the protection of users and compliance with regulatory requirements.
In the realm of Web3, users should be afforded the same level of privacy when managing their assets as they would in traditional finance. Findora is committed to making this expectation a reality, where privacy becomes the standard in Web3.
What Sets Findora Apart: Harmonizing Privacy with Transparency and Auditability
Unlike many other ZK-projects, Findora aspires to harmoniously merge privacy with auditability. The objective is not to craft a system of secrecy, akin to a token mixer. Rather, Findora is elevating privacy to a standard, much like it is in traditional finance. What renders privacy so crucial?
Imagine if every time you swiped your debit card or initiated a bank transfer, your entire financial profile – debts, income, and expenses – was laid bare for all to see. Similarly, picture a scenario where every business transaction, including payments to contractors, became a matter of public record. The consequences would be far-reaching, causing embarrassment, awkward social situations, and rendering business operations extremely challenging, if not impossible.
Auditable privacy unlocks unprecedented potential in Web3, courtesy of Findora’s innovative zero-knowledge proofs. This technology empowers token issuers to selectively disclose transaction data to auditors while maintaining confidentiality from the general public. Consequently, centralised exchanges (CEXes) and other Web3 entities can provide assurances of reserves without divulging exact figures or sensitive information.
Through Findora, Web3 users can maintain their rightful claim to privacy while still benefiting from robust consumer safeguards.
Participating in Staking and Validation on Findora
Embark on a Delegator’s Journey
Embark on a journey to foster the decentralization of the Findora network by assuming the pivotal roles of a validator or delegator.
Becoming a delegator is a straightforward way to contribute to the decentralization of the Findora network. By staking FRA tokens, you can help fortify the chain’s security and earn rewards in the process. The more tokens staked, the greater the network’s resilience. As a delegator, you’ll share in the rewards of the validators you support, but also assume a proportion of their penalties. Therefore, it’s crucial to stake with a trusted validator who boasts a high uptime.
Join the Ranks of Findora Validators
Alternatively, you can contribute to Findora’s development and bolster the security of its chain by operating a validator node.
Validators are incentivized to contribute to the network by earning rewards for proposing and writing blocks. Delegators, in turn, tend to allocate a greater stake to validators with the highest uptime, thereby granting them a more significant influence over the network. As more validators operate nodes, Findora’s decentralization and security are further enhanced.
Establishing a validator is a relatively straightforward process, and with the aid of community-driven tools, you can complete the setup in mere minutes.
Delve Deeper
Delve into the world of Findora by visiting our website at
findora.org
, or explore our comprehensive documentation at
docs.findora.org
to discover more.