Sahara -The World’s First Ethereum-based Privacy Protocol

Sahara -The World’s First Ethereum-based Privacy Protocol

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Sahara Protocol Review

 

The Sahara Protocol is being developed on the Ethereum blockchain for the purpose of giving the Ethereum and Binance blockchains a whole new level of privacy so that financial information can be fully protected without compromising the transparency of the blockchain.

 

Sahara 4 key point overview:

  1. ✔️What is Sahara
  2. ✔️Who created Sahara
  3. ✔️Features of Sahara
  4. Conclusion

 

What is Sahara

sahara overview

 

👉 Blockchains are inherently designed to disclose all financial information related to a transaction on the chain, including transaction history and in some instances, user data will also be stored.

 

👉 With technology advancing so rapidly, data security has raised concerns in recent years.

 

👉 In response to the lack of data privacy on blockchains, Sahara is creating a protocol that will operate across multiple chains and allow users to trade stable and volatile crypto coins, synthetic assets, and have access to DeFi apps without putting personal information at risk.

 

👉 Sahara will be a user-friendly, Web3-ready protocol that will be compatible with a variety of DeFi products, have swap functions and synthetic assets trading integrated, and also offer multi-chain support and allow decentralized hosting.

 

Who created Sahara

sahara team

 

👉 Babak Rabiee is the founder and CEO of the Sahara Protocol.

 

👉 He has been involved in blockchain and digital currencies since 2014, and was the co-founder of BitWar B.V., which is an international digital currency company that specialises in the leasing of mining hardware and professional and large-scale block mining.

 

👉 After that, he co-founded Poplo and then moved on to Perago Capital Part-time, which is an investment vehicle that builds repeatable investments that are highly diversified across signals and regions, within risk-controlled frameworks.

 

Features of Sahara

sahara features

 

👉 Sahara is a multi-chain, private ecosystem that runs on the Ethereum blockchain.

 

👉 It is designed to allow users to trade cryptocurrencies and digital assets without compromising personal and financial information.

 

👉 Transaction fees are guaranteed to be low; there is no slippage on swaps, which greatly reduces the risks of losing profits; and the deflationary control mechanism ensures that the token is kept stable.

 

👉 By making DeFi apps more user-friendly, Sahara will encourage ordinary crypto enthusiasts to engage more with the world of innovative decentralized finance software and enable cross-chain transactions.

 

👉 Sahara also offers swap functions, Synthetic assets, a secure browser extension wallet,

 

👉 decentralized hosting, and enhanced privacy through anonymous addresses.

 

👉 This protocol will have ERC-20 and BEP-20 dual support, to be integrated within the Ethereum and Binance ecosystems, and will have a native governance platform token.

 

Conclusion

👉 Blockchains were originally designed to give a complete, transparent view of the transaction and mining history of digital currencies.

 

👉 However, as technology evolved, people have found ways to abuse and exploit the financial and personal information linked the blockchain entries.

 

👉 Thankfully, Sahara is in the process of developing a next-generation privacy protocol that will allow users to enjoy the benefits of blockchain without the risks of sharing private information.

 

👉 By doing this, the need to convert and activate assets on separate chains will be eliminated.

 

👉 Sahara will be acting as a middleman that will make the process of securing private information and using DeFi apps more user-friendly and reliable.

 

👉 Sahara will be integrated into the Ethereum and Binance blockchains, which are currently two of the biggest, most popular blockchains with thriving ecosystems and thousands of assets and DeFi apps.

 

👉 However, this protocol will be using a relay and anonymity set functionality to break the link between the sender and recipient addresses, which in turn will allow everyone to trade privately.

 

👉 For the first time ever, crypto traders will be able to trade assets without the fear of putting personal information at risk.

 

👉 This protocol will be easy to use and will ensure that users with all levels of experience will be able to enjoy a safe blockchain experience with minimal effort and fewer technicalities.