Participate in Panther’s Trusted Setup Ceremony
Table of Contents:
The Panther ecosystem is gearing up for its trusted setup ceremony, a crucial step in launching its Mainnet on Polygon. And, the Panther DAO is seeking volunteers to help Panther Protocol conduct its trusted setup ceremony successfully. This is an opportunity for everyone to contribute to Panther and ensure its Mainnet is decentralized and secure.
If you want to participate, feel free to fill in the Google Form here. Otherwise, read on to learn more about what a trusted setup ceremony is and why it is needed to launch Panther’s Mainnet.
What is a trusted setup ceremony?
A trusted setup ceremony involves multiple participants to ensure no one can compromise Panther’s security, and is needed to generate the cryptographic keys of the protocol. It generates public parameters used to create and verify proofs without revealing sensitive data. It only takes one honest participant for the proving system to be secure. Each participant contributes randomness to the process, ensuring no single entity possesses the complete "toxic waste" that could potentially compromise the system's security. The ceremony is sequential—each participant builds on the previous contribution. This approach ensures the security of the final parameters as long as at least one participant is honest.
Why is this important for Panther
The Trusted Setup Ceremony is crucial because it ensures the integrity and security of Panther’s zero-knowledge proofs. If the setup is compromised, malicious actors could potentially generate a fraudulent proof, undermining the protocol. By involving many unrelated, geographically distributed parties in the ceremony, the risk that the entire ceremony will be composed of bad actors is minimized. Therefore, the Panther DAO invites its members, the broader privacy DeFi community, and builders to participate!
How long will it take and what do I need to do
It will take 5-15 minutes to set up your environment and another 5-10 minutes of uninterrupted time when it's your turn to participate in the ceremony. We suggest checking your availability so you can be responsive once it is during your turn, to avoid delays for the other participants. We will get back to the participants with the exact date and time of the ceremony.
The technical details and participation guidelines will be shared closer to the actual ceremony.
About Panther Protocol Foundation
Panther Protocol Foundation is a non-profit organization dedicated to supporting the growth, sustainability, and responsible use of Panther Protocol. While it does not operate the protocol or facilitate digital asset services, the Foundation plays a critical role in promoting adoption, supporting open-source development, advancing research, and raising awareness around the protocol’s core privacy-preserving technologies.
By empowering users, developers, and permissioned actors within DeFi and web3, the Foundation contributes to building a more secure and confidential digital future.
For more information, visit www.panther.org.
To learn more about Panther Protocol, visit www.pantherprotocol.io.
Contact
Panther Protocol Foundation
📧 Email: general@panther.org
🌐 Website: www.panther.org