Bitcoin.com Integrates Confidential Assets on Zano Blockchain
Bitcoin.com, a prominent player in self-custodial cryptocurrency solutions, has introduced integration for Confidential Assets on the Zano blockchain to its wallet app. This significant addition allows users to transact with various Zano-based assets, such as the recently launched Freedom Dollar ($fUSD) private stablecoin, all while preserving the privacy of their transactions, including asset type, amounts, and participant identities. The integration ensures that complete confidentiality is maintained in these transactions.
Enhancing Blockchain Privacy
This development marks a new chapter for blockchain privacy, as Zano’s innovative Confidential Asset standard offers a unique solution compared to traditional networks, which typically expose asset types and transactional information to the public.
“The Bitcoin.com Wallet now incorporates a Confidential Layer for cryptocurrencies, facilitating private trades without disclosing the involved parties or transaction specifics,”
explained Corbin Fraser, CEO of Bitcoin.com. He emphasized that privacy is essential for achieving genuine financial independence.
New Features for Users
With this update, users of the Bitcoin.com Wallet can engage in sending and receiving Zano’s Confidential Assets and can also conduct cross-chain swaps between the Freedom Dollar and other cryptocurrencies, facilitated by Exolix, a partner of Bitcoin.com. To further enhance practical applications, Bitcoin.com has also included both ZANO and $fUSD in its comprehensive merchant directory, Bitcoin Map, allowing users to find businesses that accept these private stablecoin payments. Additionally, merchants using the Zano.cash point-of-sale system can opt to be listed in the directory to attract customers who prioritize privacy.
Future Plans and Vision
Looking ahead, Bitcoin.com plans to expand its offerings by integrating additional confidential forms of popular cryptocurrencies such as BTC and ETH into the same privacy-protecting framework. This initiative is part of a more extensive vision to provide users with robust and private financial tools that function effortlessly alongside mainstream financial applications, without relinquishing control over their assets.
About Bitcoin.com and Zano Blockchain
Since its inception in 2015, Bitcoin.com has been dedicated to helping individuals seize control of their financial destinies through a range of self-custodial solutions, including its widely-used wallet application. With millions of users globally, Bitcoin.com has established itself as a reliable entry point into the decentralized financial landscape.
The Zano blockchain, designed for secure, scalable, and anonymous transactions, employs cutting-edge cryptographic methods to ensure user confidentiality and a smooth transactional experience. The introduction of Confidential Assets, alongside a hybrid PoW/PoS consensus, illustrates Zano’s commitment to enhancing financial privacy and innovation.
About Freedom Dollar
Freedom Dollar (fUSD) is a decentralized stablecoin designed to remain stable around $1 USD, offering users enhanced financial privacy and resilience against censorship. Its algorithmic market-making strategy reinforces its stable value, and, coupled with Zano’s privacy features, ensures confidential transactions without a central controlling authority. For more information, you can visit Freedomdollar.com and Zano.org.
