Panther Protocol works with Songbird - Flares Canary Network - to the introduction of data protection in Defi. to accelerate

midtown, Gibraltar, November 18, 2021,

Today, Panther Protocol announced his partnership flar-up , is expanded to the Canary network of flare, Singvogel . Flare is the world's first Turing-and-completion FBA network (Federated Byzantine Agreement), and Panther builds the interoperable data protection class Defi and Web3 in order to make data protection into a standard and not a subsequent thought.

Flare began his mission "Unlock the Value", which inherent 65 % of the blockchains who have no native smart contracts by enabling real trustworthy use of these tokens with scalable smart contracts for the first time and the virtual machine from Ethereum in a scalable. integrated away.

The blockchain interoperability is undoubtedly a clear trend in our industry, and Flare follows a unique approach by integrating larger blockchains that need intelligent contracts and interoperability functions.

Flare and Songbird started this mission with XRP, Doge, Litecoin, Stellar and Algorand. Both parties have stated that they intend to bring new functions and data protection functions into these projects with this cooperation.

about the partnership

The teams of Flare and Panther shared their enthusiasm for the many possibilities between Panther and Songbird. For this reason, apart from the definition of several options for Flare’s Songbird user, data protection functions, and Panthers, to receive support from both the Flare Mainet and Canary Network. The partnership could lead Panther to his milestones. The partnership contract also serves to support the development of further projects and data protection functions from Panther on Songbird.

Construction of a data protection ecosystem

Songbird will integrate the Shielded Pools from Panther into his Ethereum Virtual Machine (EVM) in order to enable users to privacy in the chain. Panther will provide his data protection -friendly infrastructure on Songbird for testing code.

Thanks to these efforts, Panther users can benefit from private transactions via Songbird. This is intended to increase the user base and the TVL potential of the Shielded Pools from Panther.

Songbird users are included in Panthers Staking and Governance. You will also be able to benefit from private defi within the network, to access selective disclosures for retail users and institutions and to get early access to Panthers Kyc/Aml Zero-Knowledge solution on the institutional side of Songbird.

After the agreement was concluded, co-founder and CEO Oliver Gale said: “From the first day there was a clear coordination between the founders of Panther and Flare Network with regard to the need for data protection, compliance, security and scalability in blockchain ecosystems and in particular those who relate to institutional defi. Ecosystem partners, innovative technologies and clear action -oriented plans for the introduction of mass. ”

Hugo Philion, co-founder and CEO of Flare and Songbird added: "Songbird was launched as a test environment for Flare and the most groundbreaking decentralized technologies. We are therefore pleased that Panther uses his ZKSNARK cryptography and the latest asset mixing technologies to use Kyc and AML-capable data protection solutions To provide Defi to make a big leap forward.

About Singvogel

Songbird is the Canarian network for Flare, an operative blockchain with a defined token offer, similar to the polkadot's Kusama network. Innovations and new dapp starts will first take place on Songbird and can then be rolled out for flare after testing. This means that Songbird often has extended functions as a flare. After the introduction of Flare, Songbird is said to be a long-term network for testing governance changes to Flare, but can take its own way, which is specified by its own token owner-mediated governance. Songbird has shown a phenomenal growth because it has only been in existence for 8 weeks, has already processed it over 2.3 million blocks and has registered over 222k addresses.

About the Panther Protocol

Panther is an end-to-end data protection protocol that combines blockchains to restore privacy in Web3 and Defi and at the same time to offer financial institutions a clear path to competent participation in the markets for digital assets.

panther offers fully secure digital assets to improve privacy and use crypto-economic incentives and the technology of ZKSNARK. Users can shape zero-knowledge-Zassets by storing digital assets from any blockchain in Panther-Resore. Zassets flow via blockchains via a privacy-first interchain dex and a private metastrate. Panther imagines that Zassets becomes a constantly growing investment class for users who want their transactions and strategies as they should always be private.

contacts

• Gabriella Bär
• gabriella@pantherprotocol.io