Mystiko Testnet Now Live

Published on: 11.06.2022
Mystiko Testnet Now Live

Mystiko Testnet now live! Mystiko.Network ZK² testnet is the next generation of web3 on-chain privacy infrastructure that guarantees both privacy and efficiency at the same time.

The Mystiko Network is the universal Web3 Zero-Knowledge Connectivity And Privacy Base Layer. Mystiko Network is not building a privacy coin, nor a coin mixer. The platform is building the ultimate universal web3 privacy infrastructure through PaaS (Privacy as an SDK).

Mystiko.Network ZK² Features

1. Consumer grade affordability, zk-rollup powered private transactions — In order to ensure affordability to the next level, ZK² has incorporated zkrollup for zk private transactions. As a result, both single-chain and cross-chain private transactions on ZK² cost 80% lower on gas fees than v1 testnets, and 50–90% lower than other major existing privacy solutions. Such zk of zk design intends to create an affordable privacy solution for every consumer.

2. Ultra flexibility, arbitrary amount withdrawal with full privacy— Unlike other privacy solutions with fixed withdrawal amount requirements, ZK² has implemented a technology called JoinSplit. A JoinSplit consumes either one or two input(deposit) values and creates either one or two output(withdraw) values. For example, if a user makes 3 deposits on ZK² in the amount of 10 BNB, 20BNB, and 30 BNB on the BNB chain, the user is now given the option to withdraw any arbitrary amount under 50 BNB with full privacy. The arbitrary amount withdrawal feature is also available in cross-chain private transaction scenarios. For example, a user could transfer 10 USDT from Polygon and 20 USDT from BNB Chain together to Ethereum via ZK², and then withdraw any amount of USDT under 30 on Ethereum with full privacy.

3. More privacy options, private address to private address transfer within ZK² ZK² users can privately transfer tokens to another ZK² user within Mystiko.Network. In other words, if both sender and receiver are on ZK², sender and receiver can privately transfer any tokens between their Mystiko.Network private addresses without involving their public blockchain addresses, keeping both sender and receiver confidential.

Mystiko Nework ZK² on testnets Availabilities

  •  Ethereum
  • BNB Chain
  • Polygon
  • Fantom
  • Avalanche
  • Aurora(upcoming)
  • Moonbeam

About Mystiko.Network
Mystiko.Network
is the base layer of web3 with both connectivity and confidentiality. Leveraging zero-knowledge proof with industry-leading “zk of zk” technology, Mystiko Network guarantees interoperability, scalability, and privacy, all at once.

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