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 aren’t from stolen funds. Web3 builder Chainway has launched a brand new function referred to as the ‘Proof-of-Innocence’, which is able to reward moral TORN holders. The Twister Money platform is commonly misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.
TORN holders will be capable of set off this protocol as and after they want to withdraw their funds from the Twister Money protocol.
“Proof of Innocence is a device that permits customers to show that their withdrawals from Twister Money aren’t from an inventory of specified deposits, chosen by the person themselves. This permits customers to clear their identify and show their innocence with out revealing their identification,” Chainway wrote in an official publish.
At the moment, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the whole 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 be capable of withdraw by offering ‘zero data’ proof. Zero-knowledge proofs might be supplied with out disclosing the unique tackle of the customers’ funds.
Individuals who clear the method won’t solely get further layers of anonymity and privateness, however can even show that they don’t seem to be infamous actors. “This permits customers to clear their identify and show their innocence with out revealing their identification,” the Chainway weblog added.
Referred to as Proof of Innocence, the device is designed for many who need to use @TornadoCash but in addition need to present they are not a nasty actor. It is designed for reliable 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 unhealthy actors, and might make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but in addition helps to guard reliable customers from being related to unlawful actions, with out sacrificing their privateness,” the publish famous.
