On August 28, the decentralized privacy protocol Privacy Cash has been launched on the Solana blockchain, providing privacy transfer services similar to Tornado Cash. This decentralized open-source protocol complies with the regulations of the U.S. Treasury's Office of Foreign Assets Control (OFAC) and has facilitated over 10,000 shielded transactions. Privacy Cash allows users to deposit SOL into a privacy pool and withdraw SOL from the privacy pool to any receiving address using zk-SNARKs, ensuring that transactions between deposits and withdrawals cannot be associated, thus protecting user privacy.
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The Decentralization privacy protocol Privacy Cash is now live on Solana.
On August 28, the decentralized privacy protocol Privacy Cash has been launched on the Solana blockchain, providing privacy transfer services similar to Tornado Cash. This decentralized open-source protocol complies with the regulations of the U.S. Treasury's Office of Foreign Assets Control (OFAC) and has facilitated over 10,000 shielded transactions. Privacy Cash allows users to deposit SOL into a privacy pool and withdraw SOL from the privacy pool to any receiving address using zk-SNARKs, ensuring that transactions between deposits and withdrawals cannot be associated, thus protecting user privacy.