2024

Future

DeFi

Chains

<h4>The issue of <a href="https://www.altcoinbuzz.io/?s=privacy" target="_blank" rel="noopener noreferrer nofollow">privacy</a> and transparency regarding EVM Chains remains contentious. How can transactions be safe from fraud without compromising transparency and privacy? </h4>
Zama is a cryptography firm with a groundbreaking solution: the fhEVM Coprocessor. Here’s everything you need to know about this exciting development. This new instrument targets constructing private EVM chains and changing how private dApps are built.
<h5>What Is the fhEVM Coprocessor?</h5>
<a href="https://www.zama.ai/products-and-services/fhevm" target="_blank" rel="noopener noreferrer nofollow">Zama’s fhEVM Coprocessor</a> on <a href="https://www.alchemy.com/faucets/ethereum-sepolia" target="_blank" rel="noopener noreferrer nofollow">Ethereum’s Sepolia testnet</a> lets developers create fully encrypted smart contracts on EVM chains. You can build private apps while keeping all the transparency benefits of public blockchains.
The magic behind it is <a href="https://www.zama.ai/introduction-to-homomorphic-encryption" target="_blank" rel="noopener noreferrer nofollow">Fully Homomorphic Encryption</a> (FHE) technology. It processes encrypted data without decrypting it. With this, validators can’t peek at your sensitive information.
If this sounds difficult for you at first, you will get a clearer view. It lets developers build privacy-focused apps using Solidity and standard tools without learning new languages or doing heavy calculations.
<blockquote class="twitter-tweet">
 Happy Sunday, X! On Friday, we announced Zama’s fhEVM Coprocessor, which enables confidential smart contracts on any EVM chain without requiring changes to the underlying protocol. You can learn more about it in the fhEVM white paper <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/kipbdGfW0N" rel="noopener noreferrer nofollow">pic.twitter.com/kipbdGfW0N</a>
 — Zama <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e8.png" alt="🟨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@zama_fhe) <a href="https://twitter.com/zama_fhe/status/1865698780877885641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Zama’s tool addresses some significant challenges in blockchain privacy:
<ol>
 <li>Encrypted Transactions and State: Your identities remain untraceable, and nobody, including the validators, can peek into your transactions.</li>
 <li>Seamless Integration: Smart contracts on EVM chains can easily handle encrypted data.</li>
 <li>Programmable Privacy: You can control who gets access to what on the blockchain.</li>
</ol>
Even better, the fhEVM Coprocessor offers speed improvements. It handles 20 encrypted transactions per second (TPS), with plans to scale up.
<blockquote class="twitter-tweet">
 Today, we are introducing our most exciting product to date: the <a href="https://twitter.com/hashtag/fhEVM?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#fhEVM</a> coprocessor. It enables confidential smart contracts on <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>, <a href="https://twitter.com/base?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@base</a> and other EVM chains, without changing the underlying protocol. Let’s dive into what this means for the future of privacy onchain. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">/1
 — Rand Hindi (@randhindi) <a href="https://twitter.com/randhindi/status/1865059737944936914?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h5>Why Does It Matter for EVM Chains?</h5>
<a href="https://www.altcoinbuzz.io/?s=EVM+chains" target="_blank" rel="noopener noreferrer nofollow">EVM chains</a>, like Ethereum, power many of the world’s most popular blockchains. Public blockchains expose all data, which isn’t suitable for sensitive use cases like private tokens, secure voting, or encrypted DeFi transactions.
<a href="https://docs.zama.ai/fhevm" target="_blank" rel="noopener noreferrer nofollow">Zama’s fhEVM</a> lets developers build private apps on EVM chains without sacrificing transparency or usability, making blockchain transactions more secure.
<blockquote class="twitter-tweet">
 Or check out <a href="https://twitter.com/randhindi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@randhindi</a>‘s announcement blog post: “Introducing the fhEVM Coprocessor: Run FHE smart contracts on Ethereum, Base, and other EVM chains”.<a href="https://t.co/LWETWe81BO" rel="noopener noreferrer nofollow">https://t.co/LWETWe81BO</a>
 — Zama <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e8.png" alt="🟨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@zama_fhe) <a href="https://twitter.com/zama_fhe/status/1865698785575239958?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 8, 2024</a>
</blockquote>
<h5>The Future of Privacy</h5>
<a href="https://x.com/zama_fhe" target="_blank" rel="noopener noreferrer nofollow">Zama</a> isn’t stopping here. The fhEVM Coprocessor’s initial release is for Ethereum’s mainnet next year with possible deployment to other networks. Their ultimate vision? However, a new internet protocol, HTTPZ, has been created to bring privacy to the entire blockchain ecosystem.
<h5>Conclusion</h5>
Zama’s fhEVM Coprocessor is a big step forward for privacy on EVM chains. It simplifies building private apps, making blockchain technology more accessible for developers and businesses. Whether confidential transactions or secure voting, the future of on-chain privacy is much brighter.
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The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/zama-launches-private-app-tool-for-evm-chains/" rel="noopener noreferrer nofollow">Zama Launches Private App Tool for EVM Chains</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.

Zama Launches Private App Tool for EVM Chains

Altcoin Buzz

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