Zano and Cake Wallet Team Up to Bring Privacy Coins to the Mainstream

Zano, a privacy-focused layer 1 blockchain, has recently partnered with Cake Wallet, a popular non-custodial crypto wallet service. This collaboration aims to make privacy coins more accessible to mainstream users by integrating Zano's advanced privacy tools into Cake Wallet's application.

Zano was developed by Andrey Sabelnikov, the creator of CryptoNote, a protocol used by the premier privacy coin Monero. The blockchain offers state-of-the-art decentralized network features, including hidden transaction amounts, untraceable addresses, and encrypted metadata. It employs a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism, combining the security benefits of mining with the efficiency and decentralization of staking.

Quinten van Welzen, the head of marketing and growth at Zano, expressed excitement about the partnership: "The values of Zano and Cake Wallet overlap quite a bit. Therefore, integrating the Zano blockchain into Cake Wallet seems like a natural fit." Vikrant Sharma, the co-founder and CEO of Cake Wallet, shared similar sentiments: "Cake Wallet is dedicated to pushing privacy forward, and our partnership with Zano is a natural stepping stone in bringing robust privacy tools to the cryptocurrency community and beyond."

The partnership will allow users of the Cake wallet to deposit, manage, and transact with ZANO coins. This collaboration will enable more people to join the Zano ecosystem and support important Zano assets, including private stablecoins and wrapped Bitcoin and Ethereum. Zano's technology also focuses on confidential smart contracts, ensuring that contract execution details remain obscured and opening up new possibilities for private financial instruments and secure digital asset transfers.