Ren, an ecosystem to transfer tokens in zero-knowledge, swap between blockchains and trade on a dark pool and AZTEC, a zero-knowledge privacy protocol, and exchange settlement standard — today announced a partnership to facilitate private balances, transfers, and trades.
Ren will be working hand-in-hand with AZTEC in a variety of ways. First and foremost, Ren will be integrating AZTEC’s on-chain privacy protocol to underpin the Ren zero-knowledge transactions layer. By integrating AZTEC, all applications built using Ren will, by default, be able to take advantage of zero-knowledge transfers and balances directly on Ethereum.
Utilizing AZTEC technology, RenEx will be the first decentralized exchange that offers completely private value exchange, that is AZTEC notes (zero-knowledge tokens) can be traded without their revealing the trade or its value on the orderbook. This is a significant step to achieve privacy and sovereignty outside of direct value transfers with privacy coins, and marks a compelling starting point for new Ethereum use cases in decentralized finance.
To summarize all elements of the partnership, Ren and AZTEC will be collaborating in the following areas:
- Integration of AZTEC into the zero-knowledge transaction layer for Ren – it will be the default implementation used wherever possible and a core building block that can leverage the security of smart contract capable platforms. For more information on Ren’s zero-knowledge transaction layer refer to the litepaper.
- Integration of AZTEC into SwapperD – which facilitates a completely private exchange of AZTEC zero-knowledge notes on RenEx (and private balances on exchanges that integrate SwapperD).
- Ren to develop an open source Go implementation of AZTEC Protocol’s zero-knowledge proof generation algorithm – Since SwapperD is written in Go this is a necessary step and equally, Ren wishes to help expand the privacy ecosystem through assisting the adoption of AZTEC standards.
- Collaboration in privacy based research and continued support to ensure all Ren products are compatible with the AZTEC standards and vice versa – By helping accelerate the development of decentralized privacy technology, both project’s aims are aligned in working together to enable further practical decentralized use cases to emerge.
[perfectpullquote align=”full” bordertop=”false” cite=”Loong Wang, CTO, Ren” link=”” color=”” class=”” size=”16″]”We are highly supportive of AZTEC’s standard and encourage all other Ethereum wallets to consider adopting AZTEC Protocol. By making privacy a default standard on platforms like Ethereum, we can help achieve a new level of sovereignty and ensure decentralized finance is a viable alternative for all users.”[/perfectpullquote]
