Inside the Zano-Verse Episode 3: What Zarcanum Means for Zano 🔐

Originally recorded on February 8, 2024, Episode 3 of Inside the Zano-Verse focused on Zarcanum and the major privacy improvements it was designed to bring to Zano.

Some details discussed in the video were plans at the time and have since changed. So instead of asking you to watch the full video, we’ve broken down the main ideas in simple terms and added some current context.

🎥 The full hour-long Episode 3 is here if you’d like to check it out: 👇

What Is Zarcanum?
Private Staking With Hidden Amounts
Create Private Assets on Zano
Why More Activity Can Help Privacy
What Does This Mean for Developers?
How Zano Has Evolved Since the Video

1. What Is Zarcanum?

Zarcanum is a major privacy technology used by Zano.

It introduced a new approach to Proof of Stake, allowing people to help secure the network while keeping their staking amounts hidden. The episode described this as one of the biggest privacy upgrades planned for Zano at the time.

In simple terms:

Zarcanum helps Zano keep more financial information private. 🔒

👉 We’ve explained this part in more detail in How Zano Keeps Your Staking Amount Private 🔒.

2. Private Staking With Hidden Amounts

Staking means putting your crypto to work to help support and secure a blockchain while earning staking rewards.

The challenge is that a blockchain normally needs to know how much someone has staked.

Zarcanum was designed to solve this while keeping the amount hidden.

The network can still use the stake, but people looking at the blockchain don’t simply see the amount being staked.

The team also discussed improvements to transaction selection to strengthen Zano’s privacy.

3. Create Private Assets on Zano

Another major part of Zarcanum is Confidential Assets.

Confidential Assets are digital assets on Zano where important transaction details, such as amounts and addresses, can remain private.

This could include things such as:

Stablecoins
Tokens
Other digital assets

The idea was to expand Zano from a network focused mainly on ZANO into a privacy-focused platform for multiple assets.

👉 You can also read our guide on Zano Confidential Assets.

4. Why More Activity Can Help Privacy

Privacy can become stronger when there are more users and transactions taking place.

Think of it like trying to find one person in a crowd.

A small crowd makes it easier to identify someone. A much larger crowd makes it harder.

The same basic idea applies to privacy technology: more activity can create a larger pool of transactions and information to hide among.

5. What Does This Mean for Developers?

Zarcanum wasn’t designed only for people who want to hold or send ZANO.

It also gives developers the ability to build privacy-focused applications and assets on Zano.

The episode discussed the potential for projects such as private stablecoins, decentralised exchanges and other privacy-focused applications.

These were ideas discussed during the episode, rather than promises of specific future products.

The bigger idea is simple:

Developers can use Zano’s privacy technology instead of building an entire privacy blockchain from scratch.

6. How Zano Has Evolved Since the Video

A lot has changed since this 2024 episode.

For example, Zano now has several wallet options, including its mobile wallet, full desktop wallet, Lite Wallet beta, Edge Wallet, Cake Wallet and other third-party options.

The Lite Wallet is designed to connect to a remote node instead of requiring users to download the entire blockchain, making Zano easier to access for everyday users.

Zano has also continued expanding its ecosystem with Confidential Assets, wallet integrations and other privacy-focused applications.

So while the video is now more than two years old, its main discussion around private staking, Confidential Assets and building a privacy-focused ecosystem remains useful for understanding why Zarcanum is important.

The Simple Takeaway

You don’t need to watch the entire video to understand the main idea.

Zarcanum was designed to make Zano more private while also giving developers more ways to build on the network.

Private staking.
Private assets.
More possibilities for privacy-focused applications.

That’s the bigger picture behind Zarcanum. 🔐

Sources

Disclaimer: ZanoNews.com is an independent news and information website. This article is for informational purposes only and does not constitute financial or investment advice.