MolochDAO to Fund Development of Unaudited Experimental Application

03/06/2023 01:12 • Blockchain Buzz • 93 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 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

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Ameen Soleimani, an early contributor of Tornado Cash, reported the launch of the forked currency application, Primacy Poolsv0, on Optimism. The launch has raised concerns because the code has not been audited yet and is not trusted in trusted settings. Despite these concerns, MolochDAO is planning to provide follow-up funding for future development.

Tornado Cash is a privacy-focused decentralized exchange, known for its anonymous transactions that help users hide their identities while conducting cryptocurrency transactions. The platform has gained popularity among users who value privacy in their transactions. With the recent launch of Primacy Poolsv0 on Optimism, users can now enjoy these privacy-focused services on the Optimism network.

Primacy Poolsv0 is a forked currency application of Tornado Cash, developed by the Primacy team. The application has not been audited yet, and it is not recommended for use in trusted settings, raising concerns about the safety of the platform. Despite this, the MolochDAO, a community-driven organization that funds the development of decentralized applications, is planning to provide follow-up funding for future development of the platform.

MolochDAO has previously funded many decentralized applications in the blockchain ecosystem, including Uniswap, Gitcoin, and Aave. The organization’s goal is to advance the decentralized world by supporting projects that align with their values.

The decision by MolochDAO to fund the development of Primacy Poolsv0, even though it is an experimental code that has not been audited, indicates their commitment to promoting innovative projects in the blockchain space. However, the fact that the platform has not been audited yet highlights the importance of caution when investing resources in experimental applications.

In conclusion, Primacy Poolsv0’s launch on Optimism opens up new opportunities for users seeking privacy-focused cryptocurrency transactions. However, the fact that the platform’s code is still experimental and un-audited requires caution when using it. MolochDAO’s commitment to supporting innovative decentralized applications is commendable, but it is essential to ensure that the applications are thoroughly tested and audited before deployment.

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