Immutable privacy protocol based on Ethereum proposes a system of governance

A proxy system against immutable intelligent contracts will allow internal parameters to be changed.

Tornado.Cash, the Ethereum’s blending service that earlier this year implemented smart, completely unalterable contracts, proposed a governance system powered by its own TORN tokens.

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According to a December 18 publication, the proposal will put the administration of the protocol in the hands of its user community.

An initial distribution of 10 million TORN will be divided between the first users and developers, a DAO treasury and anonymous miners over the next five years.

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Anonymous miners increase the efficiency of the service and act by providing liquidity to a degree similar to what happens in decentralized finance protocols.

However, as standard liquidity mining would disclose information about user deposits in the pool, the proposal would apply a two-stage shielded system to preserve privacy.

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Users will accumulate anonymity points (AP) in a private account, which will be convertible to TORN once they accumulate enough.

To enable anonymous mining, Tornado.Cash requires additional metadata, such as block numbers per transaction. This is achieved by adding a proxy against the smart immutable contract that captures this data.

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This proxy is also the method by which governance proposals, after being approved by the vote of the TORN holders, would change any of the internal parameters of the protocol. Although smart contracts are unchangeable, the proxy would allow them to be replaced with a new version if the community so decided.

At this stage the code for the proposed change was written and published in GitHub for the community to consider.

Immutable privacy protocol based on Ethereum proposes a system of governance
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