Lava Cash is a decentralized privacy preservation protocol built for the Solana blockchain.
Privacy is a vital component of any censorship resistant blockchain, without it there exists very clear pathways to breaking the network’s fungibility. For example, if fungibility erodes, using SOL in a smart contract that pools user’s funds could pose taint risk. Unsuspecting users whose coins are blindly tainted may find that they become second class citizens in the network as their deposits to smart contracts are rejected and they are discriminated against when trying to exchange their SOL for goods and services. This would lead to multiple economies of SOL tokens, a clear indication that the network is no longer a truly censorship resistant network.
But it doesn’t have to be that way! Lava imagines a world in which privacy is fast, cheap and user friendly for all users of Solana. Privacy should be a default, not a series of protocols that are only used by sophisticated users with large holdings. That’s why we are announcing Lava Cash, the first privacy preserving smart contract on Solana. We have designed Lava Cash as a non-custodial smart contract that utilizes zk-STARKs to break any deterministic links between funds that have entered the “Lava Pool” from those that have exited.
DISCLAIMER: The information presented herein has been provided by third parties and is made available solely for general information purposes. The operator of Solana.com (“Solana.com”) does not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. Solana.com disclaims all liability and responsibility arising from any reliance placed on this information by you or by anyone who may be informed of any of its contents. All statements and/or opinions expressed in these materials are solely the responsibility of the person or entity providing those materials and do not necessarily represent the opinion of Solana.com. The information should not be construed as professional or financial advice of any kind. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstance.
The information herein may link to or integrate with other websites operated or content provided by third parties, and such other websites may link to this website. Solana.com has no control over any such other websites or their content and will have no liability arising out of or related to such websites or their content. The existence of any such link does not constitute an endorsement of such websites, the content of the websites, or the operators of the websites. These links are being provided to you only as a convenience and you release and hold Solana.com harmless from any and all liability arising from your use of this information or the information provided by any third-party website or service.