Chainway launches Proof of Innocence protocol for Twister Money customers

Web3 enterprise builder Chainway launched a brand new protocol referred to as “Proof of Innocence” on Jan. 18, which permits Twister Money (TORN) customers to profit from additional anonymity whereas proving that their funds should not stolen.

With this protocol, Twister Money customers are in a position to show that their funds didn’t come from any sanctioned or blacklisted addresses with out revealing their id.

The announcement publish summarizes the perform of the protocol by stating:

“The “Proof of Innocence” protocol provides a further layer to this course of by permitting customers to show that their dedication shouldn’t be in a given checklist of commitments. This helps to make sure that the person shouldn’t be a hacker or different dangerous actor who has been sanctioned or flagged for unlawful actions.”

The way it works

In keeping with Chainway’s announcement weblog publish, customers can provoke this protocol once they wish to withdraw funds from Twister Money.

Customers can present zero-knowledge proof exhibiting that the funds they want to withdraw are securely held inside Twister Money. The zero-knowledge proof excludes the unique deal with of the customers’ funds utilizing a Merkle-tree knowledge construction, which permits the monitoring of the inputting deal with with out revealing the holders’ id.

The protocol is accessible on GitHub and presently solely works with Twister Money.