Findora prisFRA $0.004269

Findora is a public layer-1 blockchain with programmable privacy and EVM compatibility. Originally conceptualized as a university cryptography research project in 2017, and finally launched to the public in 2021, Findora utilizes the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability.

One of Findora’s key innovations is its dual-chain architecture which creates a zk-ledger rather than a purely open ledger. A unique L1, Findora combines privacy with auditability to prepare Web3 for mass adoption, enabling it to protect users and comply with regulations.

Web3 users should expect privacy options when managing their assets, just as they do from traditional finance. Findora takes that expectation and makes it a reality so that privacy can be the default in Web3.

Unlike many other ZK-projects, Findora strives to combine privacy with auditability. The goal isn’t to create a system of secrecy, like a token mixer. Instead, Findora is making privacy the standard, as it is in traditional finance. Why is privacy important?

Imagine if swiping your debit card or sending a bank transfer exposed all your debts, income, and expenses. Or if every time a business paid a contractor, all their financial movements were made public. Not only would you feel exposed, but it would create difficult social situations and make business almost impossible.

Auditable privacy brings a whole new level of potential to Web3. Using Findora’s zero-knowledge proofs, token issuers can reveal transaction data to auditors while ensuring that data remains private to the general public. CEXes and other Web3 entities can issue proofs of reserves without giving exact numbers or exposing sensitive information.

Through Findora, Web3 users do not have to give up their reasonable right to privacy or forgo consumer protections.

Support the Findora network's decentralization by becoming a validator or delegator.

Becoming a delegator is one of the easiest ways to support decentralization of the Findora network. As a delegator, you can stake FRA tokens to help secure the chain and earn rewards. The more stake there is, the more secure the network. Delegators share in the rewards of the validators they stake with, but also share in their penalties. It’s important that you stake with a validator you trust and who has a high uptime.

Another way to support Findora and secure to chain is to run a validator node.

Validators earn rewards by proposing blocks and writing blocks. Delegators tend to reward validators with the highest uptime with more stake, giving them a bigger say in the network. The more validators that run nodes, the more decentralized and secure Findora becomes.

Setting up a validator is not hard, and community tools can help you do it in minutes.