Raze Network Announces Cross-Chain Private Payments Protocol

Raze Network announces cross-chain private payments protocol that will provide DeFi users with reliable services for protecting the data and transactions as we read more in our latest cryptocurrency news today.

The launch came as response to the growing demand for solutions that allow users to make payments that will be safe and private. The new payment protocol said that to operate on the basis of private token minting from the base tokens, the minting value ratio stands at 1:1 with zkSNARKs being the most important tool for maintaining anonymity. This is also responsible for providing the required details and information for data parsing. The framework is then applied to the network on the second-layer decentralized anonymous payment module as the network allows three main constituent functions which users resort to such as mint, transfer, and redeem.

Our seed sale at the beginning of this month has been a full success! 💪🏻

Shout out to our partners 🙌🏻 @Signum_Capital @capital_spark @master_ventures @PnyxVentures @AU21Capital @MoonwhaleBV @cmsholdings #FlurryCapitalhttps://t.co/eCb9FydY6l

— RAZE Network (@R4ZE_Network) March 23, 2021

With the mint function, the users can convert the tokens into anonymized analog that is ready for transfer and also it converts the anonymized tokens into the native form for later use. The Raze Network developers expect the transfer function to be the one with the most demand because it provides simple, anonymous transfers of the token and ensures the anonymity of both the recipient and sender.

Great news again🚀#Raze Network partners with @BellaProtocol

With around $40M TVL, #privacy and security are not options.

✊To fight against ill intentions, with Raze.

More details below👇👇https://t.co/ukurztRlH9

— RAZE Network (@R4ZE_Network) March 22, 2021

The platform users can also make use of the private transactions for the on-chain transfers of the tokens on different blockchains while other functions are offered that will provide users to hide their trading history with Anonymity Mining for raze tokens by still providing secure access to the liquidity pools. The applications for the new products offered by Raze Network extend to the growing Defi market and this is giving users opportunities to make use of the blockchain specifics like privacy and speeds. Justin Kellison who is the product lead at Raze Network wrote:

 “Our solution is one that caters to the needs and desires of a vast number of DeFi product and cryptocurrency users. Raze guarantees privacy and returns the virtue of anonymity to the digital asset environment – a much needed factor in our times, when the adoption and spread of cryptocurrency usage is both growing and being subjected to stringent check.”

The platform already completed the private sales round and participated in other major funds like Spark Capital, Master Ventures, and Signum Capital. The team aims to continue launching new products like a liquidity reward program with several new services. Other plans include the implementation of Bridge of Defi protocols and the integration of customized functions for catering to user requirements.