@hadong
馃摚 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.
馃憠 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
0 reply
0 recast
1 reaction