Leading Privacy Blockchain Zano Partners With Cake Wallet To Bring Mass Adoption To Privacy Tokens
New Collaboration Empowers Users with Enhanced Privacy Features and Expands the Reach of Privacy-Centric Solutions
February 6, 2024 – Zano, the L1 blockchain for confidential assets and private dApps, has partnered with Cake Wallet, one of the biggest non-custodial wallets among privacy enthusiasts, to make privacy features more accessible and user-friendly for the web3 community. Zano was founded by Andrey Sabelnikov, the lead developer behind CryptoNote - a privacy coin protocol used by Monero and hundreds of other projects.
This partnership brings Zano’s advanced privacy tools into Cake Wallet’s application, providing an enhanced experience for users seeking to safeguard their assets. "Cake Wallet is dedicated to pushing privacy forward, and our partnership with Zano is a natural stepping stone in bringing robust privacy tools to the cryptocurrency community and beyond," said Vikrant Sharma, co-founder and CEO of Cake Wallet.
While blockchain's transparency are often seen as advantages, these very characteristics create a major obstacle for financial institutions. Contrary to popular belief, full transparency is not always ideal, particularly in financial systems where privacy is paramount.
Institutions want to verify the integrity of their transactions and processes, but they don’t want to expose proprietary or sensitive information in the process. Blockchain must evolve to enable proof without revealing the data itself if it’s to gain traction in sectors requiring confidentiality.
The partnership empowers Cake Wallet users to hold, manage, and transact with Zano coins, giving them access to a privacy-first cryptocurrency within a non-custodial wallet. As part of the integration, Cake Wallet will support Zano’s confidential assets, which include private stablecoins and wrapped versions of major cryptocurrencies like zBTC and zETH.
"The values of Zano and Cake Wallet overlap quite a bit. Therefore, integrating the Zano blockchain into Cake Wallet seems like a natural fit, and we are very excited to be onboarded to such a wonderful privacy-friendly wallet," said Quinten van Welzen, Head of Marketing & Growth.
Confidential Assets on the Zano blockchain are privacy-by-default tokens designed with the same privacy features as the native Zano coin, ensuring that transactions are confidential and secure. The feature expands Zano’s privacy capabilities to include custom assets, allowing businesses, developers, and users to create and manage their own privacy-preserving tokens.
By enabling privacy for a broader range of assets, Zano is advancing the use of blockchain technology as a reliable tool for secure and private digital asset management.
The partnership gives Cake Wallet’s privacy-focused community a secure, versatile option to explore Zano’s Confidential Assets and preserve their privacy. Zano users will be able to enjoy the simplicity of Cake Wallet’s user-friendly design while maintaining control of their assets within a private, transparent, and open-source environment.
About Zano
Zano is a next-generation, privacy-focused blockchain designed to provide secure, scalable, and anonymous transactions. Built with a focus on confidentiality, Zano enables users to transfer and manage assets with advanced privacy features such as hidden transaction amounts, untraceable addresses, and encrypted metadata. Zano leverages cutting-edge cryptographic techniques to ensure that transaction details are completely concealed, offering a level of financial privacy that is increasingly important in today’s digital world. Founded by Andrey Sabelnikov, the creator behind CryptoNote, Zano builds on his deep expertise in the privacy coin space, creating a blockchain that not only prioritizes privacy but also ensures scalability and seamless integration with existing blockchain ecosystems.
As concerns over financial surveillance continue to rise, Zano offers individuals and businesses an essential tool for protecting their financial data. The platform’s focus on private, secure transactions without sacrificing performance or usability makes it a key player in the evolving digital asset landscape.