@cryptokings08
Not just encryption a whole system
The folks at
@zama
are showing us power of collaboration
Need to swap on a DEX?
Great, but here’s the problem:
- Front-running bots see your order in mempool
- Place theirs before yours
- And profit off you
Pretty annoying
> The solution:
- Your trade amount is encrypted - TFHE
Order is encrypted so no one can see exact amount
But it can still be compared against other orders
- Trade executed, result kept encrypted - KMS
Decryption key is split among multiple parties
Majority must agree to unlock it
No single actor can see data
> This is yet another case where collaboration delivers brilliant results
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