Opting for privacy
In the world of decentralized finance where every transaction is forever etched into the blockchain, the privacy of transactions has become a privilege that only few can benefit from. When it comes to Terra blockchain, there was no possibility to transfer funds anonymously just until now. Because of that, the crypto community has become used to the imposed financial openness, but it no longer has to remain that way. Now, everyone can make a choice and we are opting for privacy.
It’s no secret that majority of people would agree on the fact that privacy is valued when it comes to finances. Few people like to share their spendings with others and like to show their bills to the world. Despite many assumptions that blockchain transactions’ offer privacy, as a matter-of-fact anonymity is not included in the blockchain “codex” and all of the on-chain transactions are generally considered a public knowledge. As soon as the crypto community realized that, many developers started working on providing individuals with solutions to the problem of the imposed transparency because many of us still stand by the opinion that only public institutions’ finances ought to be transparent and accessible for everyone to see as they concern governance of public information. In other words, we all seem to agree on the fact that besides public institutions, discretion on private assets and transactions, even in crypto, needs to be at least an option.
What developers have been trying to accomplish is at least the same standard of privacy as we experience while using the traditional bank accounts because that is what most people are accustomed to. The access to privacy that now is a choice also for Terra transactions, should be, at the same time, as easy as it can be and provide users with a smooth experience. Terrnado is the beginning of private transactions on Terra and it’s also on its way to being the best way to send your money on Terra, which means we not only struggle to provide our users with anonymity and informational privacy but also with the best and safest experience of doing so. As we opt for privacy, we haven’t revealed our identities just yet, but we can disclose that our team consists only of well experienced developers that have been operating inside the Terra community and have its best interest at heart.
We stand for privacy of blockchain transactions and we want this message to spread like a wildfire. Make sure you’re following us on Twitter to be a part of the beginning of private transactions on Terra!
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