This article was first published on Stories by IOS Foundation on Medium
20 April 2021, IOST is excited to announce a new partnership with the Polkadot-based cross-chain protocol Raze Network to boost an additional privacy protection layer to the IOST ecosystem.
IOST x Raze Network Partnership
As a veteran crypto project, IOST has fully deployed a rich and robust DeFi ecosystem that plans to feature stable coins, decentralized exchanges, cross-chain transactions, derivatives, lending, and oracles which are all heavily involved in data handling and tightly connected with people’s online footprints.
These data handlings require good privacy protection for our users. IOST is a secure and safe platform, but we are not complacent and always strive to become a better platform for our users. With an innovative & customer-oriented attitude in mind, we are joining hands with Raze Network, in an attempt to provide an additional privacy protection layer to IOST users.
Raze Network is to offer privacy-preserving functionalities to the transactions and data coming in and out of the IOST ecosystem. By integrating IOST dApps/wallets with RazeVM, one will be able to use the Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether to encrypt their account balances and transactions, and able to set up Raze or enhanced IOST Account to take advantage of the Private Payment Channel.
On top of the technology cooperation, Raze Network & IOST shall mutually benefit from the co-marketing efforts to expand our communities.
About Raze Network
Raze Network Raze Network is a substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is building a Cross-chain Privacy Middleware for DeFi and Web3.0. It is a native privacy layer that can provide end-to-end anonymity for the entire DeFi and Web3.0 stack.
The objective is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors ...
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Stories by IOS Foundation on Medium