Wraith Protocol launches its first test network on Monday, September 20 for its WraithSecure wallet and its WRAITH token. Cryptocurrency transactions blend into a pool of funds, ensuring privacy and anonymity, ensuring that all outgoing fund transfers are anonymous and protected from personal finance observation.
Wraith Protocol Crypto Privacy Token WRAITH, supporting the WraithSecure Wallet, launches its test network on Monday, September 20, much to the adoration of its fans in the official community chat $ WRAITH in Telegram. Using built-in VPNs and mixing protocols, WraithSecure ensures that all outgoing transfers are anonymous. The protocol masks online identities and addresses as well as transfer information.
One of the developers of the protocol explained the technology this way in an interview with Telegram: “WraithSecure is at the forefront of the evolution of privacy by performing cryptographic transactions, creating a safe zone to protect personal information from users. people from prying eyes. Unlike other cryptocurrencies, the WraithSecure wallet and token will give users a more real-world experience when it comes to privacy expectations. The wallet will interact with a range of privacy pools through a built-in Chrome extension for assets, starting with BNB on the Binance Smart Chain. Take any supported token deposited into the WraithSecure wallet and make all transfers more anonymous when filtered through privacy pools. The funds are sent to a specially designed smart contract to mix them with other funds in the pool. Withdraw whenever you want. Deposits and withdrawals made are secure and private, making it impossible to trace any actions. People who view transfers made using the service will not be able to determine the transaction history. »See the video https://youtube.com/WraithProtocol
Wraith protocol plans include all major tokens over time
Atlas, a major driver of the business, said in the interview, “Wraith will increase the number of tokens and blockchains supported by the WraithSecure wallet over time. The developers are working hard to craft the protocol to support a wide range of altcoins and stablecoins on the Binance Smart Chain over the coming months. After that, WraithSecure will expand support to other Ethereum based networks such as Ethereum Main Net then Polygon Network (MATIC), Tron Network (TRON) and Neo Network (NEO / GAS), as well as Chains tailor-made and based on Ethereum. like the OKEx string (OKB / OKT). Finally, it will include BTC.
Atlas added, “The developers of Wraith will continue to improve product privacy and security through encryption, decentralized networks and secure messaging. Access controls such as 2FA will provide a ubiquitous one-stop solution for Defi and privacy and security conscious users for all financial needs. Wraith uses zk-SNARKs to overcome the privacy issue. As Vitalik Buterin put it on Twitter, “The ZK-SNARKs will be a significant revolution as they will permeate the mainstream world over the next 10-20 years.” One of the developers at WRAITH added a definition of what zk-SNARKs will do. “WraithSecure believes that zk-SNARKs will play a vital role in a private and decentralized future. By using a zk-SNARK, one can prove that they have certain information without revealing it. Most Wraith users won’t even know they’re using zk-SNARKs. The WraithSecure Wallet, the very first Chrome extension of its kind, allows the user to obtain an untraceable identity using zk-SNARK technology. “
The importance of WraithSecure privacy for online crypto transactions
A spokesperson for Wraith Protocol said, “As blockchain and crypto technology evolves, this will include sending money to pay bills and shop online across much of the world. And this has become extremely important as the Covid-19 pandemic changes the way people do business. Privacy coins have had a lot of bad things about them in the news, that they are something infamous and should only be used for illegal activities, but that is not true at all. House doors or bank account passwords are precautions most people take, even if it is pretended that there is nothing to hide. It’s the same concept applied to cryptocurrency here at Wraith Protocol “
The transfer of personal financial information via digital networks raises the crucial question: to what extent is personal data online protected and private? A 2020 study published by a global audit firm KPMG said: “87% of consumers say data privacy is a basic human right. Yet 68% say they don’t trust companies and governments that watch their activities and data. “
Disclaimer: The information on this page does not constitute investment advice, financial advice, business advice or any other form of advice, and should not be relied upon as such. All opinions expressed on this site are those of third parties. This site does not recommend buying, selling, or holding any specific cryptocurrency, or any crypto investing. The crypto market is high risk and unproven. Before making any investment decisions, readers should do their own research and consult a professional financial advisor.
Name: Noah Allen
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Organization: Wraith Protocol
Address: 401 S Twin Creek Dr APT 9C, TX, Killeen, Texas 76543, USA
Phone: + 1-720-751-7828
Version number: 89046049
COMTEX_393790921 / 2773 / 2021-09-22T05: 59: 28