Holders of the TORN token, which is native to the Twister Money privateness mixer, will now be eligible to earn rewards for proving that their holdings should not from stolen funds. Web3 builder Chainway has launched a brand new characteristic known as the ‘Proof-of-Innocence’, which can reward moral TORN holders. The Twister Money platform is usually misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.
TORN holders will have the ability to set off this protocol as and after they want to withdraw their funds from the Twister Money protocol.
“Proof of Innocence is a instrument that enables customers to show that their withdrawals from Twister Money should not from an inventory of specified deposits, chosen by the consumer themselves. This permits customers to clear their identify and exhibit their innocence with out revealing their identification,” Chainway wrote in an official put up.
At present, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the overall market valuation of TORN stands at over $7 million (roughly Rs. 60 crore).
TORN holders, who want to use the proof-of-innocence to earn advantages, would have the ability to withdraw by offering ‘zero data’ proof. Zero-knowledge proofs will be offered with out disclosing the unique handle of the customers’ funds.
Individuals who clear the method won’t solely get further layers of anonymity and privateness, however will even show that they don’t seem to be infamous actors. “This permits customers to clear their identify and exhibit their innocence with out revealing their identification,” the Chainway weblog added.
Referred to as Proof of Innocence, the instrument is designed for individuals who need to use @TornadoCash but in addition need to present they don’t seem to be a nasty actor. It is designed for authentic customers who do not need to be related to nefarious actions, but nonetheless need to keep their very own privateness.#TORN
— Coinzone :o:️ (@Coinzonestats) January 23, 2023
For now, Chainway’s proof-of-innocence mechanism solely works on Twister Money. The protocol is out there on GitHub, a CryptoSlate report famous.
“By offering this proof, customers can present that they don’t seem to be hackers or different dangerous actors, and may make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but in addition helps to guard authentic customers from being related to unlawful actions, with out sacrificing their privateness,” the put up famous.
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