📄 2. Background and Motivation

One of the most significant changes, which blockchain technologies have brought, is in the area of financial transactions. It has become possible to use decentralized, secure and transparent systems of financial transactions, which do not employ such intermediaries as banks and other financial institutions. One of the most prominent reflections of that has been the appearance and the success of cryptocurrencies, such as Bitcoin and Ethereum.

Specifically, the latter technology, emerging blockchain has shown, that there is a possibility of creating a new financial ecosystem, completely independent of classical banking systems. This, in turn, has the potential of improving global financial inclusion, decreasing transaction costs and radically speed up and simplify financial transactions. Thus, the technology has made notable progress and turned into a widely used system. Yet there still are prominent challenges preventing the technology from reaching its maximum potential. Based on the factors mentioned above, there are two such challenges, which can be considered as the most pressing – lack of true anonymity in blockchain transactions, and extremely limited interoperability between different networks.

Anonymity: A widespread misconception about blockchain technology is that it is 100% anonymous. Although it is correct that blockchain transactions are not connected with someone’s real-life identity, it is not necessarily so in the whole picture. It would be more accurate to say that they are more pseudonymous than totally anonymous. The situation is possible due to the nature of the transaction details. While the sides of the transaction remain hidden behind cryptographic addresses, the data itself is fully available to anyone. Because of the information being public, over time, it can be traced, utilizing sophisticated analytical methods and data correlation tools, to specific individuals. Precisely how dependable these analytical methods are and how feasible the above is different, but the potential privacy violation is a severe problem, especially for those engaging in such pristine financial activities. Moreover, citizens of countries with oppressive regulations on internet freedom could also be exposed. For this reason, there is a rising trend for so-called privacy coins that would provide users with the privacy they would not get from other cryptocurrency alternatives.

Interoperability: Not solely inactivity but also the absence of interoperability between the blockchains represents a significant problem to the ecosystem. Every blockchain is a standalone network, which has its own protocols and rules, levels, and ways of transactions. Yet, the fact that different networks cannot communicate complicates the transfer of assets and other information. In other words, current blockchains are not interconnected, which not only hampers the pace of their application in different industries but also limits the generalizability of the blockchain technology, as, to achieve its full benefits, different networks should be able to communicate and interact with each other.

Therefore, ANM Chain was created in dynamic response to these disadvantages. Such problem areas as features requiring more privacy and providing increased support for interoperability were deliberately upgraded to respond to the changing needs of the blockchain sector. As a result, this initiative could be viewed as a timely and highly sensible idea primarily developed to resolve existing issues with the specified technology.

Enhanced Privacy: ANM Chain has been created primarily because its developers strive for offering a higher degree of privacy than that found in most types of digital currencies produced so far. Using modern cryptographic techniques, especially the ones such as zero-knowledge proofs and ring signatures, it is possible to incorporate the technology that will allow verifying a given transaction without disclosing any valuable information about the sides of the transaction. The developers may want to create a certain solution mainly because they are concerned about their confidentiality while performing significant financial transactions. The need to keep the data of the transaction parties from being exposed is especially relevant when it comes to making sure transactions are protected by users from highly regulated industries.

Seamless Interoperability: Another key motivation for the development of ANM Chain is to overcome the interoperability challenges that plague current blockchain ecosystems. ANM Chain is designed with built-in interoperability solutions that enable seamless interactions between different blockchain networks. This includes the implementation of cross-chain communication protocols and smart contracts that are capable of operating across multiple blockchain platforms. By facilitating smooth and efficient cross-chain transactions, ANM Chain enhances the liquidity and utility of digital assets, allowing users to move assets and information freely between different networks. This interconnectedness is essential for creating a more cohesive and efficient blockchain ecosystem, where users can fully leverage the benefits of blockchain technology without being constrained by the limitations of individual platforms.

As such, ANM Chain increases the liquidity and utility of cryptos and digital assets within blockchain platforms by bridging the gap between them. This argument is vital for delivering a view on the internal and general motivation of ANM Chain creation. Creating an interconnected blockchain platform will enhance the utility of blockchain technology and the overall environment of the ecosystem due to an opportunity to move assets and information freely across.

Comprehensive Platform: The main goal behind the creation of ANM Chain is to develop a platform that would address all issues associated with the use of modern technologies in general and the current blockchain for specific. By specifically targeting the known problems of interoperability and the lack of privacy settings, ANM Chain attempts to create an adjustable and easy-to-use system, which will be considered appropriate for a range of industries. It seems to be an advantageous solution for diapason of businesses involved in finance, supply chain, healthcare and other sectors as it provides potential users with enough ideas for both the internal implementation and further development of related apps. Overall, ANM Chain tries to ensure the base of a robust and adjustable system able to help various users and businesses benefit from the advantages of the blockchain technology, which will serve to promote their further interest in its implementation.