In an exclusive interview with BitcoinWorld, Panther Protocol Co-founder Dr. Anish Mohammed discusses how the protocol aims to enhance privacy and security in the DeFi ecosystem.
Purpose and Need of Panther Protocol
Panther Protocol is developed as a privacy-focused infrastructure for regulated financial market operators. It addresses the challenge of pseudonymous blockchains, where transaction data is public and immutable, posing risks like strategy theft and privacy breaches. Panther leverages advanced cryptographic techniques, including Zero-Knowledge proofs, to create privacy-enhanced tokens that are fully collateralized and usable in DeFi applications.
Risks of Public Blockchains and Solutions
While transparent, public blockchains expose users to risks such as strategy observation, front-running, and MEV bots. Panther Protocol seeks to address these vulnerabilities through ZK Proofs, allowing secure transactions that meet regulatory standards without compromising critical information.
Zero-Knowledge Proofs in DeFi
Zero-Knowledge proofs allow a party to verify information's validity without revealing the data itself. In DeFi, this technology enables transaction validation while maintaining privacy, playing a crucial role in safeguarding sensitive information and enhancing user confidentiality.
Panther Protocol aims to improve privacy in DeFi while ensuring compliance with regulatory standards. Its advanced technologies promise to enhance user security and anonymity in the future.