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 are usually not from stolen funds. Web3 builder Chainway has launched a brand new characteristic known as the ‘Proof-of-Innocence’, which can reward moral TORN holders. The Twister Money platform is commonly misused by scammers and thieves to anonymously rewire stolen funds by depositing their holdings in an nameless pool of tokens first.

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

“Proof of Innocence is a instrument that enables customers to show that their withdrawals from Twister Money are usually not from a listing of specified deposits, chosen by the person themselves. This enables customers to clear their title and exhibit their innocence with out revealing their identification,” Chainway wrote in an official submit.

At the moment, over 1.09 million TORN cash are in circulation. As per CoinMarketCap, the full 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 be capable of withdraw by offering ‘zero information’ proof. Zero-knowledge proofs will be offered with out disclosing the unique tackle of the customers’ funds.

Individuals who clear the method won’t solely get further layers of anonymity and privateness, however may even show that they aren’t infamous actors. “This enables customers to clear their title and exhibit 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 on the market on GitHub, a CryptoSlate report famous.

“By offering this proof, customers can present that they aren’t hackers or different dangerous actors, and may make withdrawals from Twister Money with confidence. This not solely improves the safety and trustworthiness of the system, but additionally helps to guard authentic customers from being related to unlawful actions, with out sacrificing their privateness,” the submit famous.