
Spinada Cash (SPIN)
Price
$0.000709 (0.00
%)
฿0.00000001 (0.00
%)
Market cap
N/A
N/A
Volume (24h)
$1
฿0.00
Supply
100 000 000 (Max)
N/A
Manage the events related to Spinada Cash
Spinada.cash is a completely decentralized protocol for private transactions on Cardano blockchain. It breaks the on-chain link between senders and receivers of Cardano native tokens on the blockchain. This gives complete privacy and security in a completely decentralized manner.
It uses a Zero Knowledge proof protocol known as zk-SNARKs , developed by the good fellows at Zcash, to ensure secure anonymous transactions of Cardano assets on the blockchain. It uses a Smart contract which accepts Cardano tokens and then allows anyone with a proof of knowledge to withdraw those tokens through the use of Cryptographic key notes. When a sender submits a transaction, he receives a Key Note and a corresponding hash is received by the Smart contract. When a receiver furnishes the right Key note, it is matched with the hash to output the corresponding submitted tokens.
It uses a Zero Knowledge proof protocol known as zk-SNARKs , developed by the good fellows at Zcash, to ensure secure anonymous transactions of Cardano assets on the blockchain. It uses a Smart contract which accepts Cardano tokens and then allows anyone with a proof of knowledge to withdraw those tokens through the use of Cryptographic key notes. When a sender submits a transaction, he receives a Key Note and a corresponding hash is received by the Smart contract. When a receiver furnishes the right Key note, it is matched with the hash to output the corresponding submitted tokens.
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