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The crypto company Zama has launched an innovative tool to create private applications on EVM blockchain. This approach aims to reconcile transparency and privacy through advanced homomorphic encryption.
Let’s see all the details in this article.
Privacy and transparency on the EVM reconciled thanks to Zama’s homomorphic crypto innovation
The blockchain is about to enter a new era thanks to the innovation brought by Zama, a company specialized in cryptographic technologies.
The launch of the fhEVM Coprocessor marks a significant step forward towards the realization of decentralized applications (DApp) capable of ensuring privacy without sacrificing transparency or composability.
The fhEVM Coprocessor, already implemented on Ethereum’s Sepolia testnet, allows developers to create confidential smart contracts on any blockchain compatible with the Ethereum Virtual Machine (EVM).
This tool uses the technology of Fully Homomorphic Encryption (FHE), which allows processing encrypted data without the need to decrypt them, offering an unprecedented level of security and privacy.
According to Rand Hindi, CEO of Zama, the goal is to enable blockchain applications that preserve transparency while maintaining data confidentiality:
The implementation of the native fhEVM protocol is a fundamental step to create a blockchain ecosystem that not only protects privacy but does so without compromising the composability and efficiency of operations.”
The architecture of the fhEVM allows developers to deploy private smart contracts using Solidity, the most popular programming language for Ethereum.
This eliminates the need to learn complex languages or design cryptographic circuits, making the creation of decentralized applications with advanced privacy features accessible to a wider audience.
Among the main features of the system are the processing of encrypted data while maintaining the composability of the blockchain. Additionally, programmable privacy controls, which offer developers the possibility to define detailed rules for managing confidentiality.
Then there are the scalable performances, with an initial capacity of 20 transactions per second (TPS) and potential to grow up to hundreds of TPS in the future.
Practical applications and innovations
The potential applications of the fhEVM Coprocessor are vast and include, for example, private tokens, which offer greater security in transactions. On-chain private loans, an innovative solution for decentralized finance (DeFi).
Furthermore, secure voting mechanisms, ideal for corporate or governmental contexts. Management of private corporate registers, for secure and confidential traceability. Not only that, there are also composable identities, which guarantee anonymity and verifiability at the same time.
These possibilities represent a breakthrough for the blockchain sector, solving issues related to transparency and privacy that had so far limited the large-scale adoption of these technologies.
In any case, Zama does not just innovate the technological landscape: it aims to redefine the way privacy is managed in blockchain applications, as stated by the team:
“We believe that homomorphic encryption (FHE) can enable a new Internet protocol, called HTTPZ.”
This protocol could form the basis for a new generation of Web3 applications focused on privacy.
While previous privacy solutions, such as optimistic rollups and zero-knowledge (ZK) proofs, have shown limitations in terms of composability or transparency, Zama’s system promises to overcome these barriers.
Thanks to the fhEVM, developers will be able to create applications that combine advanced security and unprecedented interoperability.
The support of the market
The innovation of Zama is supported by robust funding: the company has raised 73 million dollars in a Series A round led by Multicoin Capital and Protocol Labs.
These funds will be crucial for the launch on the mainnet, scheduled for mid-2025, and for the expansion of the coprocessor’s capabilities.
In conclusion, the launch of the fhEVM Coprocessor represents a historic moment for the blockchain and crittografia.
This tool could revolutionize the way developers create decentralized applications, offering a comprehensive solution to reconcile privacy, transparency, and scalability.
Zama has demonstrated that it is possible to create an ecosystem where sensitive data remains secure without compromising efficiency or accessibility.
With the expansion of the adoption of this technology, the future of blockchain appears increasingly oriented towards a balance between innovation and privacy protection.
English (US) ·