Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Findora on November 18, 2020. This guest star Lily Chao , Co-Founder at Findora . If you were unable to join the live AMA, no worries, here comes our 93th AMA recap!

We are glad to meet here:
Lily Chao, Founder Of Findora

For taking your time out from busy schedule for the AMA!

Introduction Sessions

Q1.Can you introduce yourself to the community? What is your background and how did you join Findora?

Sure. My name is Lily Chao. I am the founder of Findora. I am a young entrepreneur and investor active in Silicon Valley and Asia Pacific Rim. – I have a track record of investing in early stage businesses both in the US and in China. always seek to disrupt and improve legacy businesses, as opposed to following their lead. I view myself as an original thinker, along with the late John Powers, we devised the strategic and product vision of Findora Foundation. With one foot in Silicon Valley and another in the broader Asia-Pacific rim, I am proud that I see the ways technology can create real world solutions across all corners of the globe! My strength is to put together teams of well rounded engineers, cryptographers, marketers, financiers and to push the go-to-the-market play! In my leaisure time, I enjoy cooking, shopping and off-roading.

Q2.Can you briefly describe what is Findora?

Findora is a globally trusted financial infrastructure, owned and democratically secured by a decentralized network of worldwide organizations and economically incentivized parties. Findora was created to enable the creation of financial services that are transparently operated while preserving user and institutional privacy. Created by a team of Stanford academics and entrepreneurs, including John Powers, former CEO of Stanford’s USD $25 billion endowment fund, Findora will be accessible to anyone in the world, whether individuals, small and medium enterprises, or industry giants. Our team has extensive collaboration with leading cryptographers in the world and our comprehensive cryptography library includes implementation of state of the art Zero Knowledge Proofs such as Plonk, Bulletproofs an Supersonic. For more information, visit

More pricisely, Findora is being operated by a decentralized network of operators. But the software stack can also be deployed and operated by a variety of interoperable networks. It can be used by a traditional bank to replace the infrastructure they currently run on, deployed in the cloud, or It is a platform for issuing assets of any nature, including cryptocurrency. Findora’s mission is to address the challenges necessary to support this broad class of assets and diverse financial use cases. One of the primary challenges is providing confidentiality while retaining the transparency and public accessibility of other blockchains. Achieving this privacy-preserving transparency is Findora’s major focus and product differentiation.

Q3. What companies/projects do you see as competitors, and how does Findora stand out compared to them?

We see Ethereum and Bitcoin as our competitors and collaborators. Because Findora’s ambition is to become the decentralized operating system for everything Web 3.0, especailly DeFi. We believe Findora provide very unique value proposition: The probelms we solve and the technology we use make us unique: we use a variety of the newest trustless and efficient zero knowledge proof techniques to bring efficient confidential/anonymous asset operations/transactions to an open blockchain; we use the similar technology to create confidential identity and credential for open blockchains; we use the best in the class zkSNARKS to create optimized ZK Rollup services to help scale up the entire blockchain sphere; we innovatively use a variety of authenticated data structures to make a highly efficient new blockchain. We can do a lot of things that Bitcoin and Ethereum cannot do such as native privacy, high scalability and confidential identity. Some people think we also compete with privacy coins like Zcash and Monero. I don’t think we are director competitors: we can do much more than these privacy coins can do: tokens on Findora are not only private, buy also auditable and smart contract enabled.

Q4. What is the use-case of the Find Token?

Findora token is the ultimate representation of the utilities on Findora blockchain. Our token economics is designed by experts in game theory, computer network economy and financial engineering. The goal is to make sure the token will directly reflect the growth of the network and the aggregated asset scale on the network while keeping reasonable scarcity. In addition to the common use cases of the tokens such as staking, gas fee, block creation rewards etc, such tokens are also being required for L2 liquidity mining, asset pooling, deployment of commercial applications and side ledgers, and more. For instance, the enterprises that deploy side ledgers for multi-party supply chain finance, trade financing, equity swap trading and KYC menegement will be required to pledge our system tokens.

Q5. What are the major milestones Findora achieved so far & what are in future pipeline?

Our main milestones so far:
1. invented a very unique DAO, DeFi fund management system that support privacy preserving asset operations voting/onchain governmence. We believe such blockchain based organizations will change the world;
2. be responsible for discovering one of the most efficient trustless Zero Knowledge Proofs systems;
3. has built an entirely new blockchain based on the newest ADS technologies from the ground up purely using Rust + WASM;
4. completed one of the world’s most comprehensive cryptography libraries- ZEI. Planning for end of this year/next year! —- Launching mainnet! We are ready to go!!! Throughout 2021, we will have a year of busy launch and upgrading:
1. confidential liquidity bridging: one can bring BTC and ETH, XPR to Findora and do confidential transacrions;
2. privacy preserving high speed DEX, Dark Pool
3. L2 liquidity ming program; 3. ZK Rollup service to Ethereum; 4. RSA Accumulator based storage layer Phase II, just to name a few.

Twitter Session

Q1.What mechanism allows Findora to have interoperability between primary and secondary leaders?

The interoperability is achieved by Verifiable Computing. Findora enables asset interoperability among the public main ledger and the side ledgers or subnetworks. It is important to make sure that the main chain will serve the role of the global state ledger that records the entire transaction history of the side ledgers using highly efficient ZK SNARKs. From a technical view, the side ledgers of Findora are similar to numerous secured ZK Rollup ledgers. Our solution is based on the state of the art Zero Knowledge Proofs and are highly secure, verifiable and designed for dealing with high stake asset tansactions.

This sounds different from Cosmos and Polkadot. But we are very confident that our approach to interoperaility is viable and robust enough to fit the volatile and challenging public blockchain operating environment.

Q2.How Findora solve the lack of access to the unbanked users? Findora can be considered a Brigde between traditional finance and Blockchain?

We are solving this issue in many ways:
1. Findora public blockchain provides access for anyone to build and promote non-custodian financial applications to help unbanked population store value, transfer value and trade freely
2. For a lot of unbanked people, physical access and computer access to a bank is very unlikely. Findora develops mobile friendly solutions such as mibile based wallets, APIs and SDKs that help fintech developers create super light client applications so that everyone on the planet will be able to use.
3. We are working with a growing number of remittance providers and financiers in the developing world to create low friction payment alliance
4. A privacy preserving stable coin project is under development
5. We are incubating teams to work on decentralized micro finance and crowdfunding applications that will help.
We view ourselves as the bridge for sure. Findora’s technology is very much a fit for transforming traditional financial applications onto blockchain

Q3.Findora implements auditability tools, without sacrificing privacy of users. What are these tools, how transparent they are? When would an audit be neccesary?

We have a huge toolbox of auditability tools, incuding proof of solvency, range proof, proof of whitelisted assets; proof of accreditation; identity selective revealing tools, confidential asset tracers. These tools are all designed with one purpose: allow public or certain privileged auditors to undertsand and verify certain statements on a transaction while still keeping the raw data confidential. Such fine grained audits are very necessary in many cases (and proetct the privacy), not just under a regulatory circumstance.

Q4.Congratulations on Findora’s recent partnership with Injective, which is a well-known project from Binance Launchpad. What are the mutual benefits we can expect from this partnership? What kind of business and projects can be good fit to be a Findora’s partner?

Thanks! We are working with Injective Project to make the traditionally opaque financial derivative markets more transparent and efficient. The idea is to use a cryptography tool called Verifiable Delay Function (VDF) to make a better derivative DEX without front running. This will create a fairer and more efficient market onchain. We estimate this market of trillions of dollars of nominal assets will have significant impact on DeFi. Findora will also be happy to provide scalability improvement down the road.

Q5.What are the features that make the SDK of Findora one of the best options for DApps creators? Can I create any kind of decentralized DApp? How do you make this process easier for me with your platform?

Our SDKs are standardized and easy to use, usually incuding examples. We developed the Findora blockchain with the best practice in the industry. We have a plan to develop SDKs in multi-languages. Our SDKs contain not only compilers, debuggers, libraries but also samples, guides and pre-built services such as indexing and query server stuff (since we are a zero knowledge chain). Findora is very developer oriented.

Live AMA

Q1. Security is always the top task of projects. But lately, a lot of cryptocurrencies and blockchain have been appropriated by hackers. What security measures does your project have in place to avoid the possibility of being appropriated by hackers?

It is very unfortunate that we see quite often the security issues in the blockchain sphere. Blockchain is difficut to operate (by a dynamic set of nodes). The network condition is harsh and challenging. We need to do a lot of things to address the security issues:
1.we will need really sophisticated code auditing.
2. We will want to rethink if we need a Turing Complete smart contract: a lot of vulnerability is caused by “Turing Completeness”. Shall we use a restrained virtual machine and a domain specific language?
3. We will need better cryptograohy ideally these cryptograhy with efficiency and no trust setup. Findora is practicing all abovementioned to improve the security.

Q2. How do you planning to solve the scaling problem And how do you overcome the threat of centralization?

Scaling blockchain is a constant topic. First of all, Findora tries to use the best in the class peer-to-peer communication implementation, efficient programming language and good consensus. On top of that, we mainly use ZK rollup to increase the network throughput. Our ZK rollup is developed with the best transparent ZK Snarks. It’s simple, hard to fail aand boost performance 100X-1000X

The threat of centralization is an issue for Proof of Stake network. The initial token distribution is very important. we design a good token distribution plan and execute it with discipline. We wanted to distribute our tokens across a diversified jurisdictions, demographics and industries. If Findora token is not highly concentrated, we will be confident our consensus will work normally and keep its decentralization.

Q3. What makes Findora Foundation stand out and be different from similar projects?

We are different in many way: the team , the tech, the product and the culture. We have many many features that set us apart from most other blockchains such as
1. creating, issuing and fransacting confidential assets; 2. anonymous payments
3. smart contract and smart contract language that supports confidentiality
4. Findora passort: a Zero Knowledge identity system that can work with confidential oracles to import real identities into blockchain while keeping everything confidential.

Q4. Findora is committed to a privacy-protecting project. One question I want to know is how does the project protect the privacy of its users? In other words, how do you convince users that you will not or cannot “monitor” their privacy?

Great question and this is the benefit of a Zero Knowledge blockchain. Our users should be worry-free about their transactions. The Findora blockchain nodes verify and validate the zero knowledge proofs of the transaction data, instead of the transaction data itself. That being said, no one except the transacting parties can see and understad the underlying transaction. Users’ transaction privacy is fully guaranteed. Findora is also unique in that it enables blockchain based identity. But again, such identities are ZK based — fully confidential to 3rd parties.

Q5. DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?
Do you think DeFi will destroy the existing financial system?
What’s your project Approach towards DeFi?

As an investor myself, I believe the future blockchain is all about DeFi. DeFi is blockchain. In the future, people will not care if they use a service on Ethereum of Findora– all they care will be the yield, the risk and the leverage ratio etc of the asset deals. In a very long period, DeFi will co-exist with the existing finance. But in the long run, the traditional finance can’t compete because it’s so inefficient with high friction. From Day One, John Powers and I designed Findora project to provide infrastructure and tool kits to build better finance applications, well before the word DeFi was created. The scalability and the privacy we build is all designed to move the finance onto the blockchain.

💻Don’t forget to Join And Follow social media from Findora
🌐Telegram Group:
🌐 Telegram Announcement:
🌐 Website:
🌐 Whitepaper:
🌐 Twitter:
🌐 Medium:
🌐 Reddit:
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