Privacy Cash has officially launched on the Solana blockchain, providing private money transfer functionality similar to Tornado Cash and is noted to be decentralized, open source, and OFAC compliant.
According to data from SolanaFloor, as of August 28, the project has completed over 10,000 private transactions using SOL; the original information states that the protocol operates as a private payment solution on Solana.
MAIN CONTENT
Privacy Cash is deployed on the Solana blockchain, providing private money transfers.
The protocol is described as decentralized, open source, and OFAC compliant.
According to SolanaFloor, the project has conducted over 10,000 private transactions using SOL (as of August 28).
What is Privacy Cash and when did it appear on Solana?
Privacy Cash is a private payment project deployed on the Solana network, publicly recorded on August 28 according to SolanaFloor data.
The project provides a private money transfer layer on Solana, aimed at allowing users to transact with higher anonymity compared to traditional transfers. The source of information and launch timing is based on publicly available data from SolanaFloor.
Does Privacy Cash function like Tornado Cash?
Short answer: Yes, Privacy Cash provides a private money transfer function similar to Tornado Cash, as described in the original content.
In terms of mechanisms, solutions like Tornado Cash use mixing/hiding techniques to enhance privacy; the original content states that Privacy Cash has similar privacy features, applying on-chain Solana to support more discreet money transfers.
How is the protocol decentralized, open source, and OFAC compliant?
According to the description in the original content, the Privacy Cash protocol is decentralized, open source, and complies with the OFAC regulations of the U.S. Department of the Treasury.
This description indicates that the project claims to balance privacy and legal compliance; however, technical details on how to comply with OFAC (e.g., blacklists, censorship mechanisms, or compliance tools) are not presented in the original content, so it cannot be confirmed more specifically.
What is the current scale of Privacy Cash's operations?
According to the cited SolanaFloor data, as of August 28, the project has completed over 10,000 private transactions using SOL.
This figure reflects the initial activity level on the Solana network; the original content does not provide additional data on total SOL volume, user count, or completion time, so further analysis requires additional data from verified sources.
Frequently Asked Questions
Is Privacy Cash an open-source project?
According to the original content, yes, the protocol is described as open source; however, the content does not provide a repository link for verification.
What does it mean for Privacy Cash to comply with OFAC?
The original content notes that the project complies with OFAC, meaning the team claims to take measures to meet the regulations of the U.S. Office of Foreign Assets Control; technical details are not specified.
How is the figure of over 10,000 transactions measured?
Data shows over 10,000 private transactions using SOL cited from SolanaFloor data as of August 28; the original content does not explain the specific statistical method.
Source: https://tintucbitcoin.com/privacy-cash-tren-solana-chuyen-rieng-tu/
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