Decentralized Privacy Protocol Privacy Cash is now live on Solana

BlockBeats News, August 28th, the decentralized privacy protocol Privacy Cash is now live on the Solana blockchain, providing a privacy-focused transaction service similar to Tornado Cash. This decentralized open-source protocol is compliant with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) regulations and has facilitated over 10,000 SOL worth of private transactions.

Privacy Cash allows users to deposit SOL into a privacy pool and utilize zero-knowledge proofs to withdraw SOL from the privacy pool to any receiving address, ensuring that transactions between deposits and withdrawals cannot be linked, thus protecting user privacy.