Panther Protocol And Shyft Network Partner To Advance Privacy Tech And Institutional Dark Pools
The aggressive stance taken by Panther Protocol and Shyft Network in regards to increasing privacy technology is paying off. After partnering, the two companies are now aiming for a more rapid rollout with their next-gen platform offering unparalleled security and scalability.
The Panther Protocol and Shyft Network partner to advance privacy tech. With the dark pools’ resources, this partnership will provide more opportunities for crypto traders to ensure their data is not compromised by nefarious parties.The latest on the crypto market has been a boon for some, but others have had to face an uncertain future. Panther Protocol is looking to step into that void with Shyft Network by creating a new way of managing dark pools and blockchains in order to achieve its envisioned decentralized ecosystem.
The “panther protocol token” is a cryptocurrency that will be used to power the network. The project has partnered with Shyft Network to advance privacy tech and institutional dark pools.
3 November 2021, Midtown, Gibraltar
Panther Protocol, an end-to-end blockchain solution that is developing the privacy layer for Web3 and DeFi, and Shyft Network, a public ecosystem for building trust and compliance into blockchain data, have announced a strategic partnership to accelerate the development of privacy-enhancing technologies, data protection tooling, and mission-critical data attestation services.
Panther’s attempts to create a genuinely private DeFi environment for consumers are progressing, and the relevance of data sovereignty in protocol design decisions is becoming clearer. Panther’s value offer includes privacy by default, complete autonomy, and decision control over their own data.
Both initiatives will enhance privacy technology and raise the bar on the state of data protection solutions as a result of this relationship and integrations.
Panther’s unique offers are comparable to those of Shyft Network. Both teams embrace what might be seen as competition in old models and paradigms as a method to get closer to the ultimate objective – protecting consumers from a surveillance society and restoring privacy in DeFi and Web3.
Panther will offer on-chain anonymity for Shyft Network’s native assets as part of the agreement, letting them to travel across public blockchains including as Ethereum, NEAR, Elrond, and Polygon.
As a consequence of adding Panther Protocol to Shyft Network’s Layer 1, Shyft Network will bring value to Panther Protocol via corporate and government compliance and data attestation services. This upgrade is a clear solution for guaranteeing that institutional dark pools stay compliant while still remaining private—a huge gain for resolving concerns like front running and algorithm obfuscation in the middle of DeFi’s widespread adoption.
In addition, the teams will be significantly engaged in technical cooperation and research for technology development and implementation linked to zero-knowledge proof systems for privacy schemes.
“Shyft brings the realization of trust providers to the Panther ecosystem, and when combined with selective disclosures, which Panther brings to the Shyft ecosystem, the duality of authenticity and privacy, which is currently non-existent, is achieved,” said Panther CTO and Co-Founder Anish Mohammed.
“At our heart, Shyft Network is dedicated to creating bridges and solutions across chains and protocols that include cutting-edge technology to keep our interactions and transactions secret and legitimate. We’re providing a one-two punch that will secure privacy, decentralization, and transparency in DeFi by combining Panther’s next-generation dark pool technology for private assets with Shyft Network’s attestation and compliance asset infrastructure. As a result, we’ll be able to give anonymous solutions to challenges like blindfolded trade front-running in DEXs,” stated Joseph Weinberg, Shyft Network’s Co-Founder.
Users regain control over their privacy and sovereignty.
Panther and Shyft Network are working on solutions that employ a consent-based framework to effectively put people in control of their disclosures. Panther’s objective and continual drive to establish safe, decentralized systems that may favorably influence banking and every aspect of society where a person’s data may be scrutinized hinges on this philosophy.
“Our objective is not to augment compliance technologies, but to allow their total transformation,” stated Oliver Gale, CEO and Co-Founder of Panther Protocol. The costs and hazards of data storage and security are reduced when the process of confirming compliance data is separated from the requirement to retain it. This dualism is enabled with Shyft + Panther.” –
In a world that is becoming more linked, such activities are crucial in combating the privacy loss that users in Web2 and Web3 are experiencing (although unconsciously).
Shyft Network Information
Shyft Network is a public protocol for aggregating and embedding trust, validation, and discoverability into data kept on public and private ecosystems, as well as facilitating data movement across permissioned and permissionless networks. Shyft Network provides for the layering of context on top of data, converting raw data into useful information, by motivating people and businesses to collaborate.
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Panther Protocol Information
Panther is a blockchain-to-blockchain privacy protocol that restores privacy in Web3 and DeFi while giving financial institutions a clear way to compliantly engage in digital asset markets.
Panther uses crypto-economic incentives and zkSNARKs technology to empower DeFi users with fully collateralized privacy-enhancing digital assets. Panther vaults let users to create zero-knowledge zAssets by depositing digital assets from any blockchain. zAssets are transferred across blockchains via a private metastrate and a privacy-first interchain DEX. Panther believes that zAssets will grow in popularity as a new asset class for users who want their transactions and strategies to remain private, as they should be.
The “panther protocol price” is a cryptocurrency that has been created by the team behind the popular privacy-focused coin, Zcash. The project aims to advance privacy tech and institutional dark pools.