Umbra is a project that enables anonymous, untraceable yet auditable transactions, helping users protect their financial data securely and inexpensively. With the ability to hide wallet addresses, balances and transaction values, Umbra is gradually asserting its position as a comprehensive security solution for the future of the Solana ecosystem. Let's find out with Coin68 in the article below.
What is Umbra? Learn about the financial security layer for the Solana blockchain
What is Umbra?
Umbra is a financial privacy layer for the Solana blockchain. It provides the cryptographic infrastructure needed to enable secure transactions, helping users and applications protect their blockchain data. Umbra is designed to support anonymous, unlinkable, and auditable Token transfers and interactions, providing strong privacy without the high cost of conventional on-chain privacy solutions.
What is Umbra?
Umbra solves core financial security issues on public blockchains like Solana, where transparency enables verification but exposes sensitive information since all transactions are recorded on a public and immutable ledger.
Umbra Highlights
Total Privacy
Umbra completely hides the user's presence in on-chain transactions. Unlike traditional mixers, Umbra not only hides the wallet address, but also the amount and balance of that wallet. This makes it impossible for bad actors to track user transactions.
Cost-effective
Umbra uses a cryptographic tree architecture to minimize costs, users only pay a one-time fee per Umbra address without additional transaction fees.
Smooth experience
Umbra allows users to transfer funds without SOL in a new address. Fees are deducted directly from the sent funds, making the transaction process smoother. This makes Umbra widely usable, especially for new users.
Compliance with regulations
Using Umbra, users can create XEM keys to Chia transaction histories with third parties such as regulators and governments while maintaining control. This balances security and compliance, making the project suitable for both individuals and organizations in the real world where regulations are increasingly strict.
Umbra Products
Umbra Address
This is a standard Solana wallet address created and managed by Umbra for use with private transactions. What sets it apart is that it provides strong cryptographic guarantees of privacy, unlinkability, and recovery without requiring users to manually manage multiple wallets.
Anonymous class
Umbra's core privacy tool, which breaks the link between the sending address and the receiving address, thereby converting a standard, transparent transaction into a private transaction where the sender, recipient, and amount can be hidden.
Balance encryption
Not only does Umbra encrypt the wallet address, it also secures the wallet's account balance, making it unreadable on the blockchain.
Tokenomics
Token information
Token name | Umbra |
Symbol | UMBRA |
Blockchain | Solana |
Contract | PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta |
Total supply | 28,500,000 |
Token allocation ratio
UMBRA Token are distributed as follows:
- ICO - 35.1% : 100% Unlock at TGE.
- Liquidation - 17.5% : 100% Unlocked at TGE.
- Development Team - 47.4% : Lock for 18 months, then unlock in 5 installments, 20% each.
Summary
Above is all the information about the Umbra project, Coin68 hopes that readers will grasp the basic information to better understand the project and how it works. Hope you have more useful knowledge!
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your decisions.
