Hana Gateway : The End of Centralized Exchanges

Kohei Hanasaka
Hana Network
Published in
3 min readJan 22, 2024

No more CEX : the gateway with trustless on/off ramp in a privacy-preserving for the new generation

Today, we are announcing the launch of Hana Gateway demo powered by Hana Network.

Hana Gateway is the gateway platform between crypto and real world, providing CeFi-like and self custodial user experience, with trustless on/off ramp, interoperability and privacy.

And, Hana Gateway provides Peer-to-Peer transaction between fiat and crypto assets can be realized without intermediary.

No KYC, Low fees, No fraud. Furthermore, it supports Bitcoin as well.

Access

Hana Gateway demo: https://gateway.hana.network/

paste the link directly into your browser.

demo tutorial: https://bit.ly/3S8yDnn

Key features

1.trustless on/off ramp:

By verifying with the help of zkSNARK, Peer-to-Peer transaction between fiat and crypto assets can be realized without a centralized player. And also, any web2 payment services like Wise and Paypal are permission-less integrated while preserving the privacy of transaction details. In the long run, it may make centralized exchanges meaningless.
More specifically, using zk-SNARK, Hana Gateway can prove off-chain that the signature in the email is valid and that the data being shared publicly with the smart contract (typically amount and target account number) is also valid. The outcome of this process is a zkp that can be cheaply verified on the smart contract. With this solution, email verification can now be efficiently achieved.

  • 2.Interoperability

the TSS(Threshold Signature Scheme) mechanism enables secure and trustless relay of arbitrary assets across existing chains and Bitcoin.

  • 3.privacy-preserving:

Hana Gateway is one of the use cases of Hana Network. By combining Hana Network in the future, privacy of transaction and on-off ramp functions will be completed.

【Next step】

Hana Gateway will be updated with various functions for the mainnet to be a bridge between the crypto world and the real world.

As the gateway layer for access to Ethereum and Bitcoin, Hana Network will create not only Hana Gateway, but also new use cases such as cross-chain swapping, staking, etc. with each projects and companies.

【About Hana Network】

Hana is the first privacy layer between Ethereum and Bitcoin, complying with regulations, and enabling on-chain privacy on existing chains and for arbitrary assets. We are selected for Binance Labs Incubation and won the 2nd prize at the zkday pitch competition in 2023.

【Official channels】

Website: https://hana.network
Twitter:https://twitter.com/HanaNetwork
Telegram: https://t.me/HanaNetworkOfficial
Medium: https://medium.com/hananetwork

Disclaimer:

This release is for informational intent only. It isn’t a financial consultation or investment proposition.

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