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Data from
Issue Time
1970/01/01
Initial Price
US $ 0.00089737
Circulation/Max
8.85B/21.00B
Dominance
0.00%
ROI --%
$0.00089737$0.07716897
Low · 2022/07/052022/07/05 · High

Information

What is the Findora Blockchain?

An Introduction to Findora

Findora is a public layer-1 blockchain that combines programmable privacy and EVM compatibility. It was initially conceived as a cryptography research project in 2017 and was launched to the public in 2021. Findora leverages the latest advancements in zero-knowledge proofs and multi-party computation to provide users with transactional privacy and selective auditability.

One of Findora's notable innovations is its dual-chain architecture, which creates a zk-ledger rather than a completely open ledger. This unique approach allows Findora to combine privacy with auditability, making it suitable for mass adoption and enabling compliance with regulations.

In the world of Web3, users should have privacy options when managing their assets, similar to traditional finance. Findora turns this expectation into reality, making privacy the default in Web3.

What Sets Findora Apart: Privacy and Auditability

Unlike many other ZK-projects, Findora aims to combine privacy with auditability. The goal is not to create a system of secrecy like a token mixer, but to establish privacy as the standard, just as it is in traditional finance. Why is privacy important?

Imagine if every time you used your debit card or made a bank transfer, all your debts, income, and expenses were exposed. Or if every financial transaction made by a business was made public. This level of transparency would not only make individuals feel exposed but also create social and business challenges.

Auditable privacy opens up new possibilities for Web3. By utilizing Findora's zero-knowledge proofs, token issuers can reveal transaction data to auditors while keeping it private from the general public. Web3 entities such as CEXes can issue proofs of reserves without disclosing exact numbers or sensitive information.

With Findora, Web3 users don't have to sacrifice their right to privacy or consumer protections.

Why Choose EVM and UTXO Layers?

Findora combines the EVM (Ethereum Virtual Machine) layer and the UTXO (Unspent Transaction Output) layer into a single L1 blockchain, leveraging the strengths of both models. The EVM layer provides programmability and compatibility with other EVM chains like Ethereum, Polygon, and BNB Chain, creating a developer-friendly environment. Developers can build dApps using Solidity, a language they are already familiar with. To incorporate privacy features, developers simply need to use the SDK to call functions from the UTXO side.

On the other hand, the UTXO layer uses Rust and employs advanced zero-knowledge proofs to enable privacy functions like confidential transactions, which protect token amounts and types. Once the upcoming 'triple-masking' feature is implemented by Discreet Labs, the UTXO side will also protect wallet addresses involved in token or NFT transactions.

By combining an EVM layer with a UTXO chain, Findora offers developers a platform with Ethereum-like programmability and advanced privacy functions.

Staking and Validating on Findora

Become a Delegator

You can support the decentralization of the Findora network by becoming a validator or delegator.

Becoming a delegator is one of the easiest ways to contribute to the decentralization of the Findora network. As a delegator, you can stake FRA tokens to help secure the chain and earn rewards. A higher stake leads to a more secure network. Delegators share in the rewards and penalties of the validators they stake with, so it's important to choose a trusted validator with high uptime.

Become a Validator on Findora

Running a validator node is another way to support Findora and secure the network.

Validators earn rewards by proposing and validating blocks. Delegators tend to stake more with validators that have high uptime, giving them a greater influence in the network. The more validators that run nodes, the more decentralized and secure Findora becomes.

Learn More

For more information, visit the Findora website at findora.org or check out the Findora documentation at docs.findora.org.

Answers

Why should I use both an EVM and a UTXO layer?

By combining these two blockchain models into a single L1, Findora leverages the capabilities of both: the EVM layer for programmability and the UTXO layer for privacy.

The EVM layer, also known as the Smart Chain, makes Findora compatible with other EVM chains like Ethereum, Polygon, and BNB Chain, creating a developer-friendly environment. Developers on Findora can build dApps with Solidity, a language many are already familiar with. To integrate privacy features, they simply need to use the SDK to call functions from the UTXO side.

The UTXO layer, on the other hand, uses Rust. It employs advanced zero-knowledge proofs to create privacy functions like confidential transactions, which protect the token amount and token type. Once Discreet Labs implements the upcoming triple-masking feature, the UTXO side will also be able to protect wallet addresses when sending and receiving tokens or NFTs.

By combining an EVM layer with a UTXO chain, Findora offers developers a platform that provides Ethereum-like programmability and next-level privacy functions.