Preselected questions about the Royal DeFi project.

Gold Rocket | Satoshi Club:

Q1 from Telegram user @nata_jakarta

Many projects have similar descriptions and features but I have seen that you want to bring some innovation. There is one thing I didn’t understand. Please elaborate on Zero-Knowledge Proofs (ZKPs) and why you decided to implement this

Ken Berniklau:

Thanks, @nata_jakarta for the question. For those that don’t know, a zero-knowledge proof (ZKP) enables one to convince others that a statement is true without revealing any information on why this is the case. For example, one may want to prove that a number lies in a specific range without leaking the value of the number itself.

Fedora’s features are enabled by a toolbox of highly efficient zero-knowledge proofs and other advanced cryptography including homomorphic encryption and authenticated data structures, specifically tailored to be as efficient as possible for our applications. Some are based on peer-reviewed inventions by Findora’s research team, such as Bulletproofs and Supersonic. In addition to built-in features, a general toolkit is provided to users and developers for flexible use of custom applications. Zero-knowledge proofs are the core technical tool behind many of the privacy, policy compliance, and selective disclosure features in Findora.

Mary | Satoshi Club:

Yes, that’s a great feature! Will your new partners use it?

Ken Berniklau:

Absolutely!

Mary | Satoshi Club:

Please, explain, on example for those, who are not so good in tech why. For example, the restaurant needs this? Just as example😉

Matt Arney:

For ZKP – Imagine there’s a door with a keypad lock next to it, and Bob is trying to persuade Alice that he has the correct password for the keypad lock. By unlocking the door with the keypad lock, Bob has given Alice a compelling argument of him knowing the password, without directly revealing what it is. In other words, Bob has convinced Alice that his statement about knowing the password is true, without revealing any additional knowledge about the statement.

To achieve privacy-preserving transparency, Findora uses these types of zero-knowledge arguments, or zero-knowledge proofs (ZKPs), to prove many complex statements without revealing anything about their contents. Decentralized exchanges, marketplace lending, investment funds, liquidity pools, payments, banks, and far more are all possible to be built as confidential, yet publicly auditable applications on Findora. The key especially right now is Auditablity Zcash, Monero and Dash aren’t auditable and they are in a bit of hot water.

Mary | Satoshi Club:

Btw, some of these coins have recently been delisted, aren’t you afraid that you will be considered a private coin?

Matt Arney:

Not really… Unlike privacy coins like Zcash and Monero, Findora is a smart contract platform with auditable privacy features.

Mary | Satoshi Club:

Yes, I hope for the best😀 and i think your lawyers know their work! Thank you, guys, for your answers! Ready to proceed?

Matt Arney:

Sure.

Ken Berniklau:

Yes.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @tryharder

There are some rumors and FUD going around. I don’t believe everything is said but I think that we need an explanation to settle this once and for all. What has happened in your project? Why some members left and will this affect the future of the project

Matt Arney:

Ah, speaking of lawyers huh? @tryharder asks a serious question and we want to be very open and transparent with everyone.

Gold Rocket | Satoshi Club:

This is important in order not to lose confidence.

Mary | Satoshi Club:

Yes, it’s very serious and I know that a lot of people waiting for answers

Matt Arney:

Unfortunately, FUD seems to be a part of almost all projects in the industry including ours.

Matt Arney:

Findora is an open-source, investor, and community-owned platform poised to alter the trajectory of the global financial services industry. From day one, we’ve been transparent about our mission, partners, stakeholders, and assets on our website and have regularly communicated updates publicly through multiple channels. We’ve also let investors, developers, and end-users access the platform through our Testnet and explore the underlying technology for themselves. As mentioned before most of the feedback we’ve received on our Testnet has been extremely positive.

As for the misleading narratives being spread about the viability of the project, these are being maliciously circulated as a byproduct of a failed extortion attempt by former project collaborators. Findora does not comment on active or pending litigation out of respect for the legal process and confidentiality but a public copy of our complaint can be found online here:

Mary | Satoshi Club:

By what percentage was the previous team changed? Can you answer this?)

Matt Arney:

I don’t want to duck the question but need to be very careful when answering due to constraints set by my lawyers – I can assure you we have a great team of engineers and product leaders actively working on mainnet now

Mary | Satoshi Club:

So, as I understand you can’t comment on this?

Matt Arney:

Findora has the exact leadership and staffing in place — consisting of leading experts in finance, cryptography, and decentralized projects — needed to execute our long-term vision. We can’t wait to share our platform with the world.

Mary | Satoshi Club:

Ok, I got this😀 Ready to jump to the next question?

Ken Berniklau:
Yes