Recently, the zERC20 project launched a new protocol based on zBNB assets, which has attracted attention in the crypto community. According to Foresight News, this groundbreaking solution offers BNB users unprecedented privacy protection functions, maintaining the original convenience of BNB while adding a privacy layer to on-chain transactions.
The core innovation of the zERC20 protocol lies in its unique privacy function design. The system introduces an encryption verification mechanism that enables BNB assets to be protected with privacy during transactions. Unlike traditional public chain transactions, the new function system provides users with a new dimension of asset management, preserving BNB’s liquidity features while granting participants anonymous transaction space.
How the Privacy Protection Function Works
When a user decides to convert BNB into zBNB, the privacy function operates as follows: First, the original BNB assets are sent to a dedicated address for destruction, a design that makes asset recovery impossible, ensuring the irreversibility of the conversion. Then, the system generates an encrypted verification proof, which serves as a credential for the user to create zBNB at the new address. Crucially, the newly generated zBNB address is completely isolated from previous transaction history, keeping the user’s transaction footprint anonymous under the protection of the privacy function.
Prospects for Privacy Assets
The launch of this privacy function system marks an important advancement in privacy protection within the DeFi ecosystem. Through zBNB, users can enjoy the convenience of BNB assets while gaining transaction privacy through the new function system, which is significant for privacy-conscious investors and traders. Official statements indicate that these functions are designed with a balance of security and usability in mind, laying the foundation for the next generation of privacy financial applications.
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zBNB introduces privacy functions, redefining a new secure transaction model for BNB
Recently, the zERC20 project launched a new protocol based on zBNB assets, which has attracted attention in the crypto community. According to Foresight News, this groundbreaking solution offers BNB users unprecedented privacy protection functions, maintaining the original convenience of BNB while adding a privacy layer to on-chain transactions.
Innovative Protocol Introduces Privacy Protection Functions
The core innovation of the zERC20 protocol lies in its unique privacy function design. The system introduces an encryption verification mechanism that enables BNB assets to be protected with privacy during transactions. Unlike traditional public chain transactions, the new function system provides users with a new dimension of asset management, preserving BNB’s liquidity features while granting participants anonymous transaction space.
How the Privacy Protection Function Works
When a user decides to convert BNB into zBNB, the privacy function operates as follows: First, the original BNB assets are sent to a dedicated address for destruction, a design that makes asset recovery impossible, ensuring the irreversibility of the conversion. Then, the system generates an encrypted verification proof, which serves as a credential for the user to create zBNB at the new address. Crucially, the newly generated zBNB address is completely isolated from previous transaction history, keeping the user’s transaction footprint anonymous under the protection of the privacy function.
Prospects for Privacy Assets
The launch of this privacy function system marks an important advancement in privacy protection within the DeFi ecosystem. Through zBNB, users can enjoy the convenience of BNB assets while gaining transaction privacy through the new function system, which is significant for privacy-conscious investors and traders. Official statements indicate that these functions are designed with a balance of security and usability in mind, laying the foundation for the next generation of privacy financial applications.