Holders of TORN tokens, which are native to the Tornado Cash privacy mixer, will now be eligible to earn rewards for proving that their holdings are not from stolen funds. Web3 builder Chainway has launched a new feature called ‘Proof-of-Innocence’ that will reward ethical TORN holders. The Tornado Cash platform is often misused by scammers and thieves to anonymously recoup stolen funds by first pooling their holdings into an anonymous pool of tokens.
TORN holders will be able to trigger this protocol as and when they want to withdraw their funds tornado cache Drafting
“Proof of Innocence is a tool that allows users to prove that their withdrawals from Tornado Cash are not from a list of designated deposits, which the user has chosen himself. This allows users to clear their names without revealing their identity and can demonstrate his innocence.” Chanway wrote In an official post.
Currently, there are over 1.09 million TORN coins in circulation. According to coinmarket capTORN has a total market valuation of over $7 million (roughly Rs. 60 crores).
TORN holders who want to use proof-of-innocence to make a profit will be able to make withdrawals by providing ‘zero knowledge’ proofs. Zero-knowledge proofs can be provided without revealing the origin addresses of user funds.
People who go through the process will not only gain additional layers of anonymity and privacy, but also prove that they are not notorious actors. The Chanway blog said, “This allows users to clear their names and demonstrate their innocence without revealing their identity.”
Called Proof of Innocence, the device is designed for those who want to use @TornadoCash But also want to show that he is not a bad actor. It is designed for legitimate users who do not want to be associated with nefarious activities, yet want to maintain their privacy.#torn
— Coinzone :o:️ (@Coinzonestats) January 23, 2023
For now, Chainave’s proof-of-innocence mechanism only works on Tornado Cash. The protocol is available on GitHub, a cryptoslate report noted.
“By providing this proof, users can demonstrate that they are not hackers or other bad actors, and can withdraw from Tornado Cash with confidence. This not only improves the security and reliability of the system, but also allows legitimate users to access their Also helps protect against being linked to illegal activities without sacrificing privacy.