“Wrapping Money Around the Body” — A Simple Lesson on Security and the Role of FHE In 2017, when I bought land in Hanoi, I had to borrow money from my parents in the countryside because they didn’t know how to transfer funds via bank. Since I was busy with work and couldn’t come home, my parents brought the money to me by coach. The challenge was: how could they carry such a large sum of money in public without anyone noticing, and avoid the risk of being robbed? My mother came up with a simple yet effective idea — she wrapped the rolls of cash around her body so that no one could tell from the outside. Thanks to this, the money arrived safely in my hands.
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📣 Blockchain has several key advantages: - Decentralization, - Transparency, - Immutability, - Security. However, transparency is both a strength and a challenge: - Advantage: Every transaction is recorded publicly on the distributed ledger, allowing anyone to verify and audit the data at any time. - Limitation: Because the data is transparent, user privacy is compromised. Anyone can track the transaction history and assets of a wallet address. This makes wallet addresses potential targets for hackers, exposing users to asset risks. 👉 Solution: With the advent of Fully Homomorphic Encryption (FHE) technology by @zama , this issue can be addressed: - All transactions are protected with end-to-end encryption (E2EE), meaning even validators/nodes cannot see the underlying data. - Wallet balances and assets remain private, inaccessible to outsiders. - FHE enables encrypted swaps and computation on encrypted data, preserving privacy while ensuring asset security. #ZamaCreatorProgram
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OneFootball Club x CoinList 🤝 We are excited to announce one of the most community-favourable token sales ever: $OFC. ✨ Sale Details: coinlist.co/onefootball ✨ Sale FDV: $50M (same as stakeholders) Mark your calendar: 👉 July 24th 👈
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