Crypto Trader | Content Creator
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zama officially live on mainnet they completed the first confidential stablecoin (cUSDT) transfer on Ethereum today. https://etherscan.io/tx/0x6928259ab1c5a0a5e4c280dafdfa09394b5a8fcf07746415b9f6614c014993d9 you can check the transaction hash, you can see transaction happened but you can't see the amounts. Fully encrypted no need to move to separate privacy chains for privacy anymore with zama you can directly execute confidentiality transaction on ethereum while keeping you balanced private.
Three Types of access: Permanent allowance: You can grant long-term access to a specific address. Transient allowance: valid only for the current transaction, Stored in temporary storage to save gas costs while keeping security intact. Permanent public allowance: publicly accessible under the smart contract logic. (winning bid, results, outputs). In simple terms, ACL ensures that your data is always safe, controlled and accessible only to the right people, even when it is being used in smart contracts or apps. It’s what allows Zama’s encrypted ecosystem to remain transparent enough for public verification, yet private enough to protect sensitive data from just anyone. #ZamaCreatorProgram
Day 2 of posting on @zama Today I’ll explain Zama Confidential Tokens in the simplest way possible On Ethereum, BNB, or Solana, your wallet is like a transparent bank account. Every transaction is public, traceable and permanent. Example: If your wallet receives 10,000 USDT Imagine having a giant digital sign over your head that broadcasts your net worth and every single purchase. This makes you a target, exposing you to everything from sophisticated digital thieves (scam, Phishing, front-running) to real-world threats (Blackmailed, physical harm). This isn't just a hypothetical problem; I’ve seen this already happening to whales, traders, DAO treasuries, founders, and funds. Here's how Zama Confidential Tokens Change everything with Zama FHE + ACL: You become the keyholder. You decide who gets to see your balance or transfers. Contracts can still use the encrypted values, but outsiders only sees a meaningless string of code. #ZamaCreatorProgram
What Is Access Control List (ACL) Feature On @Zama? The ACL is an important permission management system within Zama's FHEVM (Fully Homomorphic Encryption Virtual Machine). It is designed to control who can access, compute on, or decrypt encrypted data. Because In FHEVM, data is always in fully encrypted form, meaning that without proper access control, even the smart contract holding the ciphertext cannot be able to interact with or process the data.