Twister Money Customers to Get Advantages for Proving Their Funds Are Not Stolen

Holders of the TORN token, which is native to the Twister Money privateness mixer, will now be eligible to earn rewards for proving that their holdings usually are not from stolen funds. Web3 builder Chainway has launched a brand new function known as the ‘Proof-of-Innocence’, which is able to reward moral TORN holders. The Twister Money platform is usually misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.

TORN holders will have the ability to set off this protocol as and once they want to withdraw their funds from the Twister Money protocol.

“Proof of Innocence is a device that enables customers to show that their withdrawals from Twister Money usually are not from an inventory of specified deposits, chosen by the person themselves. This permits customers to clear their identify and show their innocence with out revealing their identification,” Chainway wrote in an official put up.

At the moment, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the entire market valuation of TORN stands at over $7 million (roughly Rs. 60 crore).

TORN holders, who want to use the proof-of-innocence to earn advantages, would have the ability to withdraw by offering ‘zero data’ proof. Zero-knowledge proofs may be supplied with out disclosing the unique handle of the customers’ funds.

Individuals who clear the method won’t solely get extra layers of anonymity and privateness, however may also show that they don’t seem to be infamous actors. “This permits customers to clear their identify and show their innocence with out revealing their identification,” the Chainway weblog added.

For now, Chainway’s proof-of-innocence mechanism solely works on Twister Money. The protocol is out there on GitHub, a CryptoSlate report famous.

“By offering this proof, customers can present that they don’t seem to be hackers or different unhealthy actors, and might make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but in addition helps to guard authentic customers from being related to unlawful actions, with out sacrificing their privateness,” the put up famous.