Taurus Launches Stablecoin Security Layer Based on Zero-Knowledge Proof (ZKP)
On June 26, the Swiss cryptocurrency custody technology company Taurus officially launched the security layer for stablecoins using zero-knowledge proof (ZKP) technology. This pioneering solution supports Circle's USDC stablecoin by applying advanced cryptographic algorithms.
Aztec Network Technology and Cryptocurrency Security
This technology is developed based on the Aztec Network, known for its high-level privacy protection features. Aztec allows transactions and balances in digital wallets to be fully encrypted. Only authorized parties such as stablecoin issuers and regulatory authorities can access this encrypted information for verification.
Preventing User Information Leakage and Unauthorized Surveillance
Taurus's ZKP security layer eliminates the risk of unauthorized surveillance of cryptocurrency transactions while preventing the leakage of users' personal data. As a result, transparency is maintained while ensuring absolute safety for privacy, a critical requirement in today's DeFi space.
Applications and Impacts on the Stablecoin Ecosystem
Supporting USDC through this security layer opens the door to the sustainable development of stablecoins in a regulated environment. Financial institutions and users gain more confidence in using stablecoins as a safe medium of exchange and store of value while minimizing risks from manipulation or illegal data exploitation.
Taurus's new security layer using ZKP not only enhances security but also meets governance and control standards in the increasingly stringent cryptocurrency market. The adoption of this technology is seen as a breakthrough that promotes the widespread acceptance of cryptocurrency within the global financial community.
Source: https://tintucbitcoin.com/taurus-ra-mat-bao-mat-stablecoin-usdc/
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