Panther Protocol brings privacy and confidentiality to Flare Network

June 4, 2021 – Midtown, Gibraltar Panther Protocol expands interoperability by building on the Flare Network. Panther takes the next step to bring much-needed features to the broader industry by providing a compliance-friendly privacy protocol – another step forward for the DeFi industry and its access to untapped liquidity. Flare Network will be the key to decentralized finance as a new smart contract network that brings the first Turing-complete Federated Byzantine Agreement consensus algorithm to the masses. More importantly, it provides access to about 65% of the total value on public networks, which are currently inaccessible to smart contract platforms. As decentralization remains important, Flare Network wants to change that story. Under the hood, Flare can provide access to the largest blockchain ecosystems that cannot run smart contracts natively. This includes Bitcoin, Litecoin, Ripple's XRP Ledger, Dogecoin, Stellar and every other chain in existence. At the current stage, Flare will integrate XRP, Stellar, Litecoin and Dogecoin. The network can integrate more coins and ecosystems through the implementation of the governance voting network. Considering how Flare Network is able to access this liquidity, it is of great importance for the Panther Protocol. By building a compliance-friendly privacy protocol on Flare, Panther will bring privacy and liquidity to this 65% in liquidity, even if native blockchains do not support smart contracts. Oliver Gale, co-founder and CEO of Panther Protocol, said: “We are excited to partner with best-in-class, providing privacy rights for individual and public blockchains. Flare has a strong technology stack focused on enterprise integration. We are excited to work with them to create Panther privacy in the Flare ecosystem.” As a decentralized solution focused on end-to-end privacy for any digital asset, Panther will be of great interest to almost any DeFi user.

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