OgheneFavo🤎 (oghenefavo)

The @zama Confidential Blockchain Protocol provides unparalleled privacy and composability in decentralized applications by integrating advanced cryptographic tools such as Fully Homomorphic Encryption. It solves key issues related to blockchain confidentiality without sacrificing verifiability, making it a cross-chain solution adaptable to any existing blockchain. The Zama Protocol is not a new L1 or L2, but rather a cross-chain confidentiality layer sitting on top of existing chains (Layer1 & Layer 2 blockchains) This allows users to bridge to a new chain and interact with confidential dApps from wherever they choose.

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My Monthly Recap for @zama Ecosystem 1st October til date. A thread🧵 >Zama Creator Program Season 3 kicked off on Oct 1st with 1000 creators getting rewarded Check the thread for continuation👇

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A thread of everything you need to know about @zama and Fully Homomorphic Encryption technology. 🧵 What's Fully Homomorphic Encryption? Fully Homomorphic Encryption (FHE) is a special kind of encryption that allows computations to be performed directly on encrypted data without ever decrypting it. What's Zama Zama is a French technology company that specializes in Fully Homomorphic Encryption (FHE) the privacy-preserving encryption method.

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ZamaFHE relation with DeFi protocols DeFi blockchain systems today suffer from transparency that sometimes becomes a problems. Here are some specific problems @zama is targeting: 1: Privacy of Defi maxi balances Everything onchain is typically visible: transactions, balances, etc this is a barrier. Zama’s FHE approach allows for things like encrypted token balances, encrypted amounts in transfers. 2: Front‐running/MEV issues Because transaction data is public, bots or adversaries can see upcoming transactions in the mempool or detect onchain activity and exploit it. Encryption of transaction details can reduce or eliminate this vector. ZamaFHE looks like a very promising infrastructure for adding confidentiality to DeFi, without completely sacrificing composability or compatibility with existing EVM chains. #ZamaCreatorProgram on Farcaster

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