Panther, which has set out to provide a private scalable infrastructure for smart contract platforms, Defi, and Web3 applications, teamed up with Firo, the company formerly known as Zcoin, that has been developing privacy technology since 2016 and was responsible for the creation of privacy protocols such as Lelantus and Lelantus Spark.

Both companies could have been considered competitors but they decided to collaborate and accelerate privacy research.

Panther brings years of expertise in cybersecurity and cryptography to the partnership. Panther’s CTO Dr. Anish Mohammed, for example, with over 20 years of experience in security and cryptography, was an early advisor to , reviewed the orange paper, worked on several projects including Ocean and Boson, and is the co-founder of the UK Digital Currency Association. Another important and notable member of the Panther team is Dr. Arnold Yau, a Ph.D. in Information Security from Royal Holloway, University of London with a 20-year career across academic research, defense R&D, hardware security tokens, financial services, blockchain technology and smart contract security.

Panther allows DeFi users and simple users to trade value between blockchains.

The size of Panther’s anonymity pool is critical for its optimal operation. Firo holders can also act as privacy stakers, which will allow them to be paid to deposit their assets in Panther vaults.

Firo has a straightforward burn and spend model to improve privacy, while also making it more accessible. Firo, through financial privacy can guarantee fungibility which is an essential feature of free commerce.

Firo is interested in collaboration with Panther on privacy technology research as well as cross-chain bridges, liquidity and cross-chain bridges.

Reuben Yap, co founder and project Steward at Firo says:

“We welcome this opportunity. Advocates of privacy should travel together. Our ZK technology collaboration will continue to grow when we work with Panther. Onboarding with Panther will also give us access to other chains and as a result, much increased liquidity.”
Oliver Gale, CEO of Panther welcomed the collaboration. “At Panther we take our R&D very seriously. Firo’s collaboration will prove to be a challenging challenge. Firo’s product may be more comparable to a competitor in some aspects, however we would like trade Firo assets via our InterChain DEX. Both companies are dedicated to the defence of privacy and that creates our common bond.”

The partnership between Firo and Panther to provide technical collaboration and research between the two companies will look to develop new technology and invest in new ways of deploying zero knowledge proof systems relevant to privacy schemes. It will allow private Firo assets to be moved across chain.

Panther and Firo both support privacy as an essential human right, and give users the ability to regain their control over their money.

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