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USB Desktop RFID Reader

Looking for a compact and easy-to-use RFID solution for your workspace? In this video, we explore the features and benefits of a USB desktop RFID reader.

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Tornado Cash Users to Get Benefits for Proving Their Funds Are Not Stolen

Holders of the TORN token, which is native to the Tornado Cash privacy mixer, will now be eligible to earn rewards for proving that their holdings are not from stolen funds. Web3 builder Chainway has launched a new feature called the ‘Proof-of-Innocence’, which will reward ethical TORN holders. The Tornado Cash platform is often misused by scammers and thieves to anonymously rewire stolen funds…

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Chainway launches Proof of Innocence protocol for Tornado Cash users

Chainway launches Proof of Innocence protocol for Tornado Cash users

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Web3 venture builder Chainway launched a new protocol called “Proof of Innocence” on Jan. 18, which allows Tornado Cash (TORN) users to benefit from extra anonymity while proving that their funds are not stolen.

With this protocol, Tornado Cash users are able to prove that their funds didn’t come from any sanctioned or blacklisted addresses without revealing their identity.

The announcement post summarizes the function of the protocol by stating:

“The “Proof of Innocence” protocol adds an additional layer to this process by allowing users to prove that their commitment is not in a given list of commitments. This helps to ensure that the user is not a hacker or other bad actor who has been sanctioned or flagged for illegal activities.”

How it works

According to Chainway’s announcement blog post, users can initiate this protocol when they want to withdraw funds from Tornado Cash.

Proof of Innocence – How it works? – (Source: Chainway)

Users can provide zero-knowledge proof showing that the funds they wish to withdraw are securely held within Tornado Cash. The zero-knowledge proof excludes the original address of the users’ funds using a Merkle-tree data structure, which allows the tracking of the inputting address without revealing the holders’ identity.

The protocol is accessible on GitHub and currently only works with Tornado Cash.

Posted In: Adoption, Technology

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