CryptoCurrencies
16981
Exchanges
500
Total Market Cap
3,451,042,872,538
Volume 24h
270,047,503,691
Dominance
BTC 59.33%   ETH 8.18%   USDT 4.34%   XRP 4.01%

Monsoon Finance
MCASH

0.0003182
$
1.53 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 16,200
Total Supply
100,000,000
MCASH
$
# Exchange Pair Price Volume 24h

Description

Monsoon Finance is a multichain privacy protocol building a suite of privacy services for DeFi users on every smart contracts blockchain. Monsoon uses zk-SNARKs to break the link between cross-chain and wallet-to-wallet transactions. Monsoon is building three privacy services: a wallet-to-wallet privacy tool, a multi-chain privacy bridge, and a multi-chain privacy DEX. The wallet-to-wallet privacy tool is a fork of Tornado Cash that supports multiple different EVM blockchains (including BSC, Polygon, Avalanche, Moonbeam, Acala, etc) with a built-in protocol fee. The multi-chain decentralized privacy bridge will allow users to move assets across any blockchain in a completely private and decentralized way. Monsoon nodes will stake MCASH to validate cross-chain transactions, but these transactions use zk-SNARKS to prevent nodes or any onlookers from linking deposits to withdrawals. A majority consensus amongst staking nodes must be achieved for transactions to be processed, meaning the process is both decentralized and private.