Dinarmaker, creator of the loan protocol, creates advertising that is unaware despite the widespread consequences of financial privacy. It is the development of Stablecoin Zusd, fixed at a dollar price, and is finished using Zero Knowledge Test (ZK-Proofs).
Once this development is complete, this and other projects will begin to pave the way for stubcoins that are not restricted by regulatory panoramas based on compliance (compliance).
As reported by Cryptonotics, Tether has frozen $90,000 stolen from Binance users for hackers. It’s a categorical act of justice in which someone is returned to what belongs to him, but the ability to freeze Tether’s funds It is a critic that reflects its centralization, and enforcement of regulatory compliance in blockades of its network and financial monitoring.
According to the company that developed it, Stablecoin Zusd runs on the ALEEO network. AleeoNetwork, as reported by Cryptootics, can result in native utility cryptocurrencies being undermined by Proof of Work (POW). Areo is a network It is built with Zero Knowledge Test Technology (ZKP) at the core of its architecture.. The reason why decentralized finances (defi) can be accommodated. This network uses ZK-SNARKS to verify legitimate transactions and calculations without revealing the underlying information of the emitter and receivers of the above transactions.
According to Dinarmaker, ZUSD can migrate from one network to another via a bridge that also uses ZKP. This ensures that private transactions are not lost when funds that do not use these privacy technologies come into contact with pseudonyms or public networks.
Similarly, cryptocurrency transactions with ZUSD do not attempt privacy as private stubcoins may be exchanged in decentralized exchanges that respect the rules of zero knowledge.
In theory, stable cryptocurrencies using ZK-snarks are more susceptible to censorship than current stability such as USDT. The AEO network works like the others, and has a validator collection (currently 32) that contains or secretes transactions; Metadata concealment can be planned and performed to contribute to network censorshipfor reasons other than closed programming systems, with specific targets.
The development of this currency using ZK-snarks is talking about Stablecoins about regulatory compliance. Supported by USD, EUR or other currencies in sovereign countries, stubcoin enters directly on the radar of central banks and various regulatory bodies.
This means it is subject to strict financial regulations such as money laundering control (AML) and customer knowledge (KYC). These stubcoins are used for payments, savings, transactions and remittances. Regulators see the risk of deinheriting the banks on thembecause people can move their funds outside the traditional financial system.
Dinarmaker has yet to clarify how this stable cryptocurrency reserves will be managed and supported by Fíat Money. ZUSD is more likely to be collateralized by other cryptocurrencies such as Aleo and Zash.
