What is Findora?

Findora (FRA) is a public layer-1 blockchain that strives to provide programmable privacy and compatibility with Ethereum Virtual Machine (EVM). Initially conceived as a university cryptography research project in 2017, it was launched to the public in 2021. Findora utilizes advanced zero-knowledge proofs and multi-party computation with the intention of allowing users transactional privacy with selective auditability. A key innovation of Findora is its dual-chain architecture, which forms a zk-ledger rather than a purely open ledger. This unique L1 blockchain merges privacy with auditability, aiming to prepare Web3 for mass adoption by enabling it to protect users and comply with regulations.

How does Findora work?

Findora operates by integrating two blockchain models into a single L1: the EVM layer for programmability and the Unspent Transaction Output (UTXO) layer for privacy. The EVM layer, also known as the Smart Chain, makes Findora compatible with other EVM chains and creates a developer-friendly environment. Developers can build decentralized applications (dApps) with Solidity, a language many are already familiar with. To incorporate privacy features, they simply need to use the Software Development Kit (SDK) to call functions from the UTXO side. The UTXO layer uses Rust and employs advanced zero-knowledge proofs to create privacy functions like confidential transactions, which protect the token amount and token type.

What are the potential use cases for Findora?

Findora seeks to provide a platform for a wide range of potential use cases. It aims to make privacy the standard in Web3, similar to traditional finance. Using Findora’s zero-knowledge proofs, token issuers can reveal transaction data to auditors while ensuring that data remains private to the general public. This auditable privacy brings a whole new level of potential to Web3. Centralized exchanges and other Web3 entities can issue proofs of reserves without giving exact numbers or exposing sensitive information. Through Findora, Web3 users do not have to give up their reasonable right to privacy or forgo consumer protections.

What is the history of Findora?

Findora was initially conceived as a university cryptography research project in 2017 and was launched to the public in 2021. It was designed to utilize the latest breakthroughs in zero-knowledge proofs and multi-party computation with the intention of allowing users transactional privacy with selective auditability. One of Findora’s key innovations is its dual-chain architecture which forms a zk-ledger rather than a purely open ledger. This unique L1 blockchain merges privacy with auditability, aiming to prepare Web3 for mass adoption by enabling it to protect users and comply with regulations.