{"id":4452,"date":"2023-05-21T07:10:49","date_gmt":"2023-05-21T06:10:49","guid":{"rendered":"https:\/\/peopleempowermentproject.com\/?p=4452"},"modified":"2023-05-21T07:10:49","modified_gmt":"2023-05-21T06:10:49","slug":"a-bullcase-for-the-panther-protocol-revisited","status":"publish","type":"post","link":"https:\/\/peopleempowermentproject.com\/a-bullcase-for-the-panther-protocol-revisited","title":{"rendered":"A Bullcase for the Panther Protocol – Revisited"},"content":{"rendered":"
[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”3px||1px|||” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.21.0″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n
The Panther Protocol’s<\/a> native token ZKP has been a part of my crypto-portfolio for some time, and I’ve mentioned it numerous times in our community group chat, as well as writing more detailed insights into the privacy features of the project in previous newsletters. But what I have skipped around for the most part is its potential value both to the space as a whole and for ZKP token holders.<\/p>\n Before I continue, a quick reminder of what the Panther Protocol<\/a> is:<\/p>\n The Panther Protocol is a decentralized protocol that enables privacy in decentralized finance (DeFi) using zero-knowledge proofs. It allows users to mint fully-collateralized, composable tokens called zAssets, which can be used to execute private, trusted DeFi transactions across multiple blockchains.<\/p>\n Panther has built a generalizable, cross-chain protocol that enables a “privacy toggle” for managing digital asset transactions. It enables the creation of interoperable, zero-knowledge assets collateralized 1:1 by their original counterparts.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/peopleempowermentproject.com\/wp-content\/uploads\/2023\/05\/panther-1.jpg” _builder_version=”4.21.0″ _module_preset=”default” theme_builder_area=”post_content” title_text=”panther-1″ border_radii=”on|3px|3px|3px|3px” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][et_pb_image src=”https:\/\/peopleempowermentproject.com\/wp-content\/uploads\/2023\/05\/panther-2.jpg” _builder_version=”4.21.0″ _module_preset=”default” theme_builder_area=”post_content” title_text=”panther-2″ border_radii=”on|3px|3px|3px|3px” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″ custom_margin=”36px|||||”]<\/p>\n Firstly, I think it is important to understand what Panther isn\u2019t.\u00a0<\/span><\/p>\n The Panther Protocol simply offers anyone to transact with any crypto-asset in a private way. Panther vaults ensure the security of cryptocurrency assets and provide zAssets as a result. These zAssets are backed by their underlying assets on a one-to-one basis, meaning that for each zUSDC, zETH, or zBTC, a fully collateralized synthetic of the respective asset is generated privately.<\/span><\/p>\n ZAssets can be swapped within the vault via a DEX interface and at any time they can be settled for their represented asset.<\/span><\/p>\n Unlike other privacy solutions like Monero and Piratechain, where both the sender and recipient are required to have and want the same asset, Panther allows the sender and recipient to transact privately using a wide range of non-private\u00a0 assets.<\/span><\/p>\n Key features of Panther Protocol:<\/b><\/p>\n The cryptocurrency space is diluted with thousands of projects. In the privacy sector alone, there are almost 100 different cryptocurrencies listed on <\/span>Coinmarketcap<\/span><\/a>. Entering this very tribal space with a new project is daunting for any developer, how do you convince people to ditch their long-time preferred private asset for another? You don\u2019t!<\/span><\/p>\n Hardened Monero advocates are not going to switch to Pirate Chain and OG Zcash disciples aren\u2019t going to begin using Monero anytime soon. This space is tribal, very tribal (didn\u2019t you notice?).\u00a0<\/span><\/p>\n Fortunately, Panther isn\u2019t asking anyone to download a new wallet and ditch their longtime love affair with Monero or some other privacy coin. The Panther Protocol is simply providing a decentralised privacy solution for all cryptocurrencies on any chain.\u00a0<\/span><\/p>\n This makes the adoption process a far easier hurdle to conquer. The protocol can potentially offer utility to anyone who transacts with any cryptocurrency!<\/span><\/p>\n <\/span><\/p>\n Because the panther protocol itself is not an asset, it does not fall victim to the same issues solutions like Monero and Pirate Chain do.<\/span><\/p>\n Over the past couple years we have seen more and more exchanges drop privacy coins due to regulatory issues or for \u2018fear\u2019 of regulatory issues.\u00a0<\/span><\/p>\nWhat makes Panther different to other privacy solutions?<\/i><\/b><\/h2>\n
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The Adoption Problem<\/i><\/b><\/h2>\n
The Regulatory Problem<\/i><\/b><\/h2>\n