Money is one of the most sensitive things on Earth, it’s easy to understand why many of us don’t want to share or let other people know about our assets. To protect our asset from being stalked, we need a protocol, a privacy coin such as Monero. But… Monero token’s problem is that you can only transfer it P2P, you can’t yield farm with it, you can’t do many other things that DeFi tokens can do. That’s why we need a token, a protocol keeps our identity safe and also we can use it to make more money. That’s how Raze Network was born. Raze Network is a Substrate-based, cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems, while protecting the transparency of your assets and behaviours from surveillance.
The underlying logic of Raze Network is to mint private tokens from base tokens on the contract at a minting value ratio of 1:1. zkSNARKs are key to maintaining anonymity, while also providing the required information for data parsing. It will have three technical abilities: Mint, Transfer and Redeem.