Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
Why AirGap Integrated Tezos Sapling To Provide Users With Enhanced Privacy
AirGap Wallet: So far AirGap is the only wallet that supports Tezos Sapling. AirGap is a multi-currency wallet that supports Tezos and includes support for the Tezos Sapling protocol.
We thank Niklaus Knecht for this guest post.
By: Lee Evans
4 May 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Tezos Sapling is a privacy feature that was added to the Tezos blockchain protocol in the form of a smart contract. It is based on the concept of the Sapling protocol, which was originally developed by the Electric Coin Company (ECC) for the Zcash blockchain.
The purpose of the Tezos Sapling protocol is to provide users with enhanced privacy when using the Tezos blockchain. This is achieved through the use of advanced cryptographic techniques that enable shielded transactions, which hide the transaction details such as the sender, recipient, and the amount being transacted.
The Tezos Sapling protocol uses a type of zero-knowledge proof called a zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), which allows the sender to prove that they have the necessary funds for the transaction without revealing their actual balance. This ensures that the transaction is valid, without revealing any sensitive information.
Tezos Sapling also supports the creation of new shielded accounts, which can be used to store funds in a completely private and secure manner. These accounts are known as Sapling accounts and are created using a special type of cryptographic key known as a Sapling spend key.
Tezos Sapling is a significant step towards enhancing privacy on the Tezos network. The feature enables users to keep their transaction details confidential while still being able to validate transactions on the network. This ensures that users can transact with confidence, knowing that their financial activities are private and secure.
Wallets that support Tezos Sapling
AirGap Wallet: So far AirGap is the only wallet that supports Tezos Sapling. AirGap is a multi-currency wallet that supports Tezos and includes support for the Tezos Sapling protocol. AirGap also provides users with an additional level of security by allowing them to store their private keys on a separate device, which is kept offline.
This makes AirGap an excellent choice for users who want to store their Tezos securely, without sacrificing convenience or usability. AirGap Wallet is compatible with both iOS and Android devices, and it allows users to manage their Tezos accounts directly from their smartphones.
Additionally, AirGap also provides users with a range of features, including staking, delegation, and token swaps, making it an all-in-one solution for managing Tezos and other cryptocurrencies. Overall, AirGap is an excellent choice for users who are looking for a secure and convenient wallet that supports Tezos Sapling, as well as a range of other popular cryptocurrencies.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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