1. PixelPlaygroundHome
  2. Web3 News

MolochDAO to Fund Development of Experimental Optimism-based Currency App

• Web3 News • 100 views

It is reported that Ameen Soleimani, an early contributor of Tornado Cash, tweeted that the Primacy Poolsv0, a forked currency application of Tornado Cash, has…

MolochDAO to Fund Development of Experimental Optimism-based Currency App

It is reported that Ameen Soleimani, an early contributor of Tornado Cash, tweeted that the Primacy Poolsv0, a forked currency application of Tornado Cash, has now been launched into Optimism, and said that this is an experimental code that has not been audited and is not trusted in trusted settings. MolochDAO is planning to provide follow-up funding for future development.

Tornado Cash Bifurcation Mixed Currency Application Primacy Poolsv0 is now online Optimism

Interpretation of the news:


Ameen Soleimani, an early contributor of Tornado Cash, has announced on Twitter the launch of a new currency application called Primacy Poolsv0 into Optimism, a scaling solution for Ethereum. Although the app is still experimental and has not been audited, MolochDAO has pledged to fund further development.

The launch of Primacy Poolsv0 marks the latest effort to improve the scalability of the Ethereum blockchain. As more applications are built on top of Ethereum, the network has become increasingly congested, leading to higher gas fees and slower transaction times. Optimism aims to address these issues by enabling more transactions on the network at a lower cost.

Primacy Poolsv0 is a forked version of Tornado Cash, a decentralized mixing service that helps users retain their privacy when making transactions on the blockchain. The new application builds on the core features of Tornado Cash but is designed specifically for the Optimism network.

While the app is still in its experimental phase, it is expected to be a valuable addition to the ever-growing ecosystem of decentralized finance (DeFi) applications. The ability to mix and anonymize transactions is crucial for maintaining privacy and security in the world of decentralized finance.

Soleimani’s warning that the application has not been audited and is not trusted in trusted settings should be taken seriously by potential users. However, the fact that MolochDAO has pledged to fund further development is a promising sign for the future of the app.

MolochDAO is a community-driven organization that funds public goods in the Ethereum ecosystem. By providing follow-up funding for Primacy Poolsv0, MolochDAO is demonstrating its commitment to supporting the development of innovative and experimental applications in the DeFi space.

Overall, the launch of Primacy Poolsv0 into Optimism is a positive development for the Ethereum ecosystem. While the app is still in its early stages and should be approached with caution, it has the potential to address some of the key issues facing the network and the wider DeFi space.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5243/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/06/2023 01:04
Next 03/06/2023 01:20

Recommended articles