Nervos Foundation announces collaboration with Grin community to integrate Grin’s underlying privacy technology

According to BlockBeats, on August 7, the public chain Nervos announced that it had reached a cooperation with the community of the privacy project Grin and provided funding to the Grin Foundation.

Nervos is exploring the design of a privacy layer. Through the privacy layer technology, Nervos users can achieve privacy and anonymity when using CKB or any other token issued on CKB. Grin is one of the most successful community-driven projects based on privacy technology and has been continuously advancing the Mimblewimble protocol. In order to promote the further exploration and practice of blockchain privacy technology by the Grin community and the Nervos community, Nervos has funded the Grin Foundation.

The privacy layer integration will enable users to conduct private transactions on Nervos, while also opening the door to future products based on this technology. The Nervos core development team and the Grin community will continue to drive the development of this technology and study the possibility of cross-chain connections between Grin and Nervos.

In the coming months, Nervos will be developed according to the following three-phase development plan:

Phase 1: Model Design (approximately 2 months) - Prepare the overall plan for the operating model

Phase 2: Technical Specifications (approximately 2 months) – Develop detailed technical specifications

Phase 3: Implementation (3+ months) — Building the codebase that drives the platform

The first phase is currently underway, with community members from both sides already discussing the issues. In addition, a grant has been earmarked through the Nervos Foundation for infrastructure and interoperability solutions between Grin and Nervos.

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BlockBeats reminds that according to the document "Risk Warning on Preventing Illegal Fund Raising in the Name of "Virtual Currency" and "Blockchain"" issued by the China Banking and Insurance Regulatory Commission and other five departments in August 2018, the general public is requested to look at blockchain rationally, not blindly believe in the exaggerated promises, establish correct monetary concepts and investment ideas, and effectively enhance risk awareness; any clues of illegal and criminal activities discovered can be actively reported to the relevant departments.