If you use blockchain, you need to pay attention to what’s coming next because centralized providers of cryptocurrency wallets are proving themselves catastrophically insecure. The market is rapidly diversifying in response. As more and more users turn to decentralized platforms like Sahara to guarantee the anonymity of their cryptocurrency trades, they’re finding new ways to leverage this technology beyond simply securing their funds.
Sahara is the next generation of a multi-chain protocol providing a complete solution for users’ funds and privacy. It’s a radically different approach to cryptocurrency security. It is designed from the ground up to meet the needs of all potential users, from merchants and traders looking for complete anonymity to the average user looking for lower costs and higher anonymity.
While keeping ERC-20 in mind, the Sahara team has executed a completely new design to create an ecosystem that allows users of any chain to use it seamlessly. The resulting protocol is designed to be flexible and modular to be implemented on any chain supporting multiple consensus algorithms. Some chains, including Ethereum and Binance Chain, will include a protocol-level implementation of the Sahara multi-chain protocol. With this design decision, Sahara has created a solution that can be used by any blockchain and deployed on multiple public chains.
We cannot deny the growing concerns among crypto users regarding the security and privacy of their coins. And while we still don’t know who was behind the attack, what is certain is that centralized exchanges are a juicy target for hackers. At Sahara, they believe that privacy and security are critical to the success of cryptocurrency. By putting safety at the forefront of everything we do, we created a solution that allows users to be in control of their funds: no third parties involved, no centralized servers – simply total control over your coins.
On March 10, 650,000,000 $SHRA tokens were minted in the event that signified the deployment of the first multi-chain protocol. The aim is to give traders and users the option of privacy without moving their funds to privacy-specific blockchains like Tornado Cash.
The TGE considers the Sahara protocol a unique blockchain project whose development was completed before the public sale. The protocol is a multi-chain ecosystem that allows users to participate in several chains, Ethereum or Binance Chain. The team’s mission will be to provide an end-to-end solution to ensure the security and privacy of their users’ funds and a unique platform that allows multiple blockchains to interact with each other.
The team assures users that they are entirely committed to their project, which they describe as a “long-term ecosystem sustainability.” Because of the team’s dedication, the community has been growing immensely, especially on Telegram and Twitter. However, the team is still searching for many developers to begin building on Sahara.
