BlockBeats news, on August 28, the decentralized privacy protocol Privacy Cash has gone live on the Solana chain, offering privacy transfer services similar to Tornado Cash, and this decentralized open-source protocol complies with the U.S. Treasury's Office of Foreign Assets Control (OFAC) regulations, having facilitated over 10,000 SOL in private transactions.
Privacy Cash allows users to deposit SOL into a privacy pool and withdraw SOL to any receiving address using zero-knowledge proofs, ensuring that transactions between deposits and withdrawals cannot be linked, thus protecting user privacy.
