For the last few years, the trilemma — decentralization vs scalability vs security — has sparked many advances in blockchain protocols. To us, achieving all these characteristics is not an impossibility but an expansion of the triangle through great engineering.
As presented by our CEO at Wanxiang’s Shanghai International Blockchain Week 2019, Harmony aims to solve a fourth critical dimension applicable to the blockchain infrastructures of the future, which is no other than privacy.
Today, we’re happy to announce that Suterusu will be working with Harmony to incorporate new privacy features to the Harmony blockchain.
Suterusu integration will add ZCash-level privacy to Harmony Protocol. It integrates a state of the art trustless ZK-SNARK scheme with nearly constant size proofs, and efficient proof generation and verification. Suterusu provides privacy protection for several major blockchains and dapps, such as BTC and ETH already. By establishing a privacy-preserving layer-2 protocol on top of Harmony blockchain, Suterusu will bring anonymous payment, confidential transactions to the Harmony network.
Through the corporation, a thoroughly transparent layer-2 privacy-preserving of Harmony will definitely facilitate Defi and other decentralized applications more smoothly. We believe this kind of partnership will expand our ecosystem and enable better occupancy for confidential assets. The future of privacy is already here but unevenly distributed.
This partnership comes to support our fundamental goals to be achieved within 2020, as outlined within the Harmony 2020 Roadmap, and include: cross-border utility, decentralized development and auditable privacy.
Below you can find a summary of our 2020 goals related to privacy component at the Harmony development and product level:
Auditable privacy: (2 researchers, 10x cheaper primitives, 100k users)
Products: compliance, wallets, voting, dao, *quadratic funding
Transactions: zk proofs, confidential assets, *capacity-specific keys
Scaling: zk sync, libsnark integration & optimizations
Suterusu implements and integrates the state-of-the-art trustless zero-knowledge proof schemes and offers multiple technical modules based on our zero-knowledge proof implementation to enable the developers to build privacy-preserving blockchain under various payment models instantaneously. Suterusu (Suter) will also provide a cross-chain blockchain protocol for the anonymous assets issued in the Suterusu ecosystem to guarantee their high liquidity and exchangeability. Suterusu is a modular, dynamic and interoperable ecosystem which will always evolve along with the latest development of most advanced privacy-preserving techniques to ensure that our launchpad is built on the most secure and efficient foundation.