Monsoon Finance
MCASH

0.0006530
$
1.58 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 4205.1
Total Supply
100,000,000
MCASH
$
# Exchange Pair Price Volume 24h

Description

Monsoon Finance is a multichain privacy protocol building a suite of privacy services for DeFi users on every smart contracts blockchain. Monsoon uses zk-SNARKs to break the link between cross-chain and wallet-to-wallet transactions. Monsoon is building three privacy services: a wallet-to-wallet privacy tool, a multi-chain privacy bridge, and a multi-chain privacy DEX. The wallet-to-wallet privacy tool is a fork of Tornado Cash that supports multiple different EVM blockchains (including BSC, Polygon, Avalanche, Moonbeam, Acala, etc) with a built-in protocol fee. The multi-chain decentralized privacy bridge will allow users to move assets across any blockchain in a completely private and decentralized way. Monsoon nodes will stake MCASH to validate cross-chain transactions, but these transactions use zk-SNARKS to prevent nodes or any onlookers from linking deposits to withdrawals. A majority consensus amongst staking nodes must be achieved for transactions to be processed, meaning the process is both decentralized and private.