📢 Protocol Updates and Releases
Introducing Prism (article from Findora Academy 💟)
What Does Prism Do?
Prism — Bridging Findora Native Chain (UTXO) with Findora Smart Chain (EVM)
In general, most blockchains follow one of two record-keeping models: the UTXO model or the account model. Blockchains such as Bitcoin and ZCash use a UTXO model. Blockchains such as Ethereum and Polkadot use an account model. There are tradeoffs with either model. A lot of internet ink has been spilled fighting over which approach is better, but why choose one, when you can have both?
Findora integrates both models inside its blockchain architecture to capitalize on the advantages of each. These parallel chains are united by Prism (fka internal transfer), which allows the two chains to atomically swap tokens and work together as one without having to trust a central intermediary.
Prism (fka Internal Transfer)
FRA Tokens on Native Chain and Smart Chain
FRA is the native token of the Findora blockchain.
On the native chain, the tokens are called “FRA-native tokens,” and are used for: staking to guarantee network security, paying transaction fees, and voting on Findora Improvement Proposals.
On the smart chain, FRA tokens are called “FRA-smart tokens,” and are used for: paying transaction fees for smart contracts and interacting with Dapps built on the Findora EVM.
Read the third Findora Academy entry in its entirety here.
The Rialto Bridge is Now on Testnet!
The Findora cross-chain bridge, Rialto, is now ready for community testing on Findora’s Anvil Testnet! The Rialto launch will help carry Findora’s zk revolution to the world of DeFi.
More from Findora Academy 🎓
Findora Academy is an ongoing educational series that covers blockchain basics and posits to answer every question you may have about Findora and its many features and attributes. Follow along on the blog and on Medium for regular posts that dive into the technical aspects of blockchain technology in general, and Findora more specifically, in an easy to read format.
Findora Academy 💟: Two is Better than One — Introducing Findora’s Multi-chain Structure
Two is Better than One
As mentioned above, Findora’s architecture features 2 built-in blockchains, one running on the UTXO model (aka Findora Native Chain) and one using the account model (aka Findora Smart Chain). Both chains are validated and secured at the native chain level using Tendermint for POS consensus. Assets can be frictionlessly bridged between the native chain and the smart chain via Prism, a feature that is accessible via the Findora desktop wallet and Findora CLI.
Findora Native Chain (UTXO model)
The Findora native chain layer functions exactly as a UTXO model blockchain would. This is the protocol layer with no accounts or wallets. Instead, tokens are stored as a list of UTXOs. Each UTXO has a quantity attribute and criteria for spending it. Transactions are created by consuming existing UTXOs and producing new UTXOs in their place.
Findora Smart Chain (account model)
In an account model, instead of having each token be uniquely referenced, tokens are represented as a balance within an account in the global state. Accounts can either be controlled by a private key or a smart contract.
With the launch of Findora v0.3.0, the Findora Smart Chain now fully supports the Ethereum Virtual Machine (EVM). This augments the usability and programmability of Findora because the smart chain will be able to easily run code from existing smart contracts on chains like Ethereum. DEXs and Dapps can thus be deployed more quickly using existing tools and templates. With EVM compatibility, the smart chain creates a foundation that is easy to build on. With Findora native chain, developers can add more confidentiality using Prism.
Read the second Findora Academy entry in its entirety here.
Findora Academy 💟: Using Ledger with Findora EVM
[Findora Community Post 💟 — The following is an excerpt from Discreet Labs’ Head of Operations, Maggie Wang, on Medium]
Findora is a layer-1 public blockchain that combines an innovative hybrid of a UTXO model (Findora Native Chain) and an Account model w/ EVM-compatibility (Findora Smart Chain) to enable on-chain encryption. This Findora Academy article will discuss the key concepts and technical details behind both the Findora Native Chain and Smart Chain and how they are combined to power the Findora blockchain architecture. Let’s get started:
- Step 1: Install Ethereum on Ledger wallet
- Step 2: Connect your Ledger wallet to MetaMask
- Step 3: Receive funds on your Ledger wallet
- Step 4: Send funds from your Ledger wallet
- Why use Ledger and MetaMask Together?
Read the rest of the article here and get started today!
🧑🌾 Ecosystem Updates
👋 Welcome Findora DAO!
On a recent Findora Fridays session on Twitter Spaces, special guest Matt Wyatt introduced Findora DAO to the community.
Originally conceived during the “Falling for DeFi on Findora” hackathon, Matt and team are working hard to get the DAO off the ground as soon as possible. A website and gathering spot are currently under construction, but for now you can ask questions and start getting involved today on Discord. Matt will be there, ready to chat!
🙌 Discreet Labs and Findora Foundation are Hiring!
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📺 Media and Events
Always getting the word out about Findora, here’s the latest.
Findora x Cointelegraph
Front-running, flash bots and keeping things fair in the crypto market
Discreet Labs’ VP of Product, Warren Paul Anderson, says we can’t allow failures of the past to come creeping back into the DeFi future — let’s stop the flash bots dead in their tracks.
Read all of Warren’s thoughts on the subject here.
Findora @ ETH Denver
Discreet Labs occupied the Mile High City from February 11–21 as part of the ETH Denver conference, the unofficial kickstart of conference season in 2022! Representing Findora, the Discreet Labs team attended countless events to spread the word about zero-knowledge proofs, Findora EVM, and the recently launched Prism trustless cross-chain transfer mechanism.
One thing was abundantly clear throughout the week: zero-knowledge proofs are on everyone’s mind.
From some of the major blockchain projects, and layer 2 networks, to attendees and developers, once attendees saw the Findora logo or Discreet Labs nametag, the intrigue started showing and the questions started flowing.
If the first conference of the year is any indication, Discreet Labs and the greater Findora community will be busy talking zk throughout the rest of 2022. We’re okay with that.
Findora Fridays! Every week on Twitter Spaces
In case you missed it, we’re hosting Findora Fridays, a live Twitter Spaces community session, every week. Follow @Findora on Twitter to make sure you never miss a moment!
Listen to some of the previous Findora Fridays guests here 👇
Findora x AiThority
Findora Launches “Prism” to Bridge Native and Smart Chain Assets for Increased DeFi Functionality
“With Prism, users can atomically and trustlessly convert their FRA-native tokens on the native chain to FRA-smart tokens on the smart chain. This increased functionality allows for a huge amount of diversity in the DeFi ecosystem via the Findora chain.”
Read the entire writeup in Aithority here.
Findora is a Layer-1 protocol delivering zero-knowledge solutions to Web3.
Findora integrates two ledgers into a single chain: an EVM ledger for interoperability and a UXTO ledger optimized for zk operations. This dual-layer architecture lets Findora encrypt blockchain data for programmable transparency and public use. By providing new use cases, Findora’s zk tech prepares Web3 for real-world adoption.
We appreciate our developers and would love to onboard you to the Findora ecosystem! Please reach out, and join our social channels for more.
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