The Findora Blockchain
An Overview of Findora
Findora is a public layer-1 blockchain with programmable privacy and EVM compatibility. Originally conceptualized as a university cryptography research project in 2017, and finally launched to the public in 2021, Findora utilizes the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability.
One of Findora’s key innovations is its dual-chain architecture which creates a zk-ledger rather than a purely open ledger. A unique L1, Findora combines privacy with auditability to prepare Web3 for mass adoption, enabling it to protect users and comply with regulations.
Web3 users should expect privacy options when managing their assets, just as they do from traditional finance. Findora takes that expectation and makes it a reality so that privacy can be the default in Web3.
What Makes Findora Unique: Combining Privacy with Auditability
Unlike many other ZK-projects, Findora strives to combine privacy with auditability. The goal isn’t to create a system of secrecy, like a token mixer. Instead, Findora is making privacy the standard, as it is in traditional finance. Why is privacy important?
Imagine if swiping your debit card or sending a bank transfer exposed all your debts, income, and expenses. Or if every time a business paid a contractor, all their financial movements were made public. Not only would you feel exposed, but it would create difficult social situations and make business almost impossible.
Auditable privacy brings a whole new level of potential to Web3. Using Findora’s zero-knowledge proofs, token issuers can reveal transaction data to auditors while ensuring that data remains private to the general public. CEXes 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.
Why use an EVM and a UTXO layer?
By combining these two blockchain models into a single L1, Findora leverages the capabilities of both: the EVM layer for programmability and the UTXO for privacy.
The EVM layer, AKA the Smart Chain, makes Findora compatible with other EVM chains like Ethereum, Polygon, and BNB Chain and creates a developer-friendly environment. Developers on Findora can build dApps with Solidity, a language many are already familiar with. To integrate privacy features, they simply need to use the SDK to call functions from the UTXO side.
The UTXO layer, on the other hand, uses Rust. It employs advanced zero-knowledge proofs to create privacy functions like confidential transactions which protect the token amount and token type. Once Discreet Labs implements the upcoming “triple-masking” feature, the UTXO side will also be able to protect wallet addresses sending and receiving tokens or NFTs.
By combing an EVM layer with a UTXO chain, Findora gives developers a platform that has Ethereum-like programmability and next-level privacy functions.
Staking and Validating on Findora
Become a Delegator
Support the Findora network's decentralization by becoming a validator or delegator.
Becoming a delegator is one of the easiest ways to support decentralization of the Findora network. As a delegator, you can stake FRA tokens to help secure the chain and earn rewards. The more stake there is, the more secure the network. Delegators share in the rewards of the validators they stake with, but also share in their penalties. It’s important that you stake with a validator you trust and who has a high uptime.
Become a Validator on Findora
Another way to support Findora and secure to chain is to run a validator node.
Validators earn rewards by proposing blocks and writing blocks. Delegators tend to reward validators with the highest uptime with more stake, giving them a bigger say in the network. The more validators that run nodes, the more decentralized and secure Findora becomes.
Setting up a validator is not hard, and community tools can help you do it in minutes.
Learn More
Visit the website at findora.org to learn more or check out Findora's documentation at docs.findora.org.
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