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- BNB Chain debuts zBNB to address rising privacy risks as network throughput rapidly expands.
- zBNB uses Zero-Knowledge Proof-of-Burn to shield sender and receiver details on BNB Chain.
- Developers warn users to wrap BNB before transfers, as unwrapped tokens sent to burn addresses are lost.
BNB Chain has launched zBNB as its first privacy-enabled asset. The move comes as the network scales up its operations and moves toward higher performance levels while processing more data at faster speeds.
zERC20 has announced that zBNB has been deployed on BNB Chain today. The announcement describes zBNB as an essential tool that its users require to maintain control over their financial data.
Executives of BNB Chain have indicated that transparency has emerged as a major weakness in their operations. The executives have indicated that, as they move toward higher throughput, they are also exposing themselves to more risk related to open financial data.
BNB Chain Emphasizes Simple Privacy for Mainstream Adoption
Nina Rong, an executive director of growth at BNB Chain, has indicated that privacy has to be simple enough to make its way into everyday use. The executive has stressed the need to consider simplicity when integrating new participants into the network.
zBNB is a wrapped version of its native asset, which is based on the zERC20 protocol. The format has enabled users to send their assets without revealing their sender or receiver details while also avoiding the use of specialized wallets or tools.
The process is facilitated using an extension of EIP-7503, dubbed Zero Knowledge Proof of Burn. The extension ensures that when users wrap their assets, they are sent to a burn address.
The process is then validated using a Zero Knowledge Proof. The user can then remint their assets, sending them to a new address without any link to their previous address.
The zERC20 team, however, cautioned users that unwrapped BNB sent to a burn address cannot be recovered. The team advised users to confirm their assets are wrapped before sending them.
zBNB Aims to Reduce Privacy Risks as On-Chain Activity Expands
Users should make sure their assets are wrapped before sending them, the developers explained. The team said, “If unwrapped BNB is sent to a burn address, it cannot be recovered. Please make sure your assets are wrapped before sending them.”
The developers said, “This release is aligned with our technical roadmap, as outlined in our 2026 technical plans.” BNB Chain is constantly striving toward higher throughput with parallel execution and system optimization.
The team stated that privacy is essential as activity grows. They noted that open data can increase the risk of targeted scams and unwanted analysis. By eliminating transaction traces, zBNB aims to lessen these exposures.
The zERC20 team said its goal is to make privacy a standard feature. The goal is not to compete with other solutions, but rather to provide an alternative. They plan to introduce similar assets on other EVM-compatible networks as adoption expands.
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