FHE Explained like you were 5 - @zama => let me tell you how Zama's Main Technology aka Fully Homomorphic Encryption (FHE) works 🤔 <-------------------------------> > imagine YOU want to give - a jeweler - a 💎 to craft it and turn it into a ring for you to propose to your beloved future wife > You place your diamond in a special, transparent, locked box/vault & you keep the only key > jeweler can see the diamond through the box and has - special tools - that can work through the walls of the box to cut and polish it BUT ... they never actually touch the diamond itself > when they're done, they hand the locked box back to you > you are the only one who can use your key to unlock the box and retrieve your newly polished, secure diamond -------------------------------> Your data stays encrypted at all times - from your wallet, in transit & while it reaches the destination - Your info, your business! The way it's supposed to be ...
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Zama FHE - Tokenomics - Deflationary Model @zama ➣ protocol generates revenue by charging for its core services => revenue indirectly drives the token's value ➣ 100% Fee Burn - critical feature - every $ZAMA token paid in fees is forever removed from circulation (burned) ➣ Math => more transactions = more fees = more tokens burned = reduced supply ➣ Zama also rewards token incentives for staking but if tokens burned > tokens minted from staking => Zama becomes deflationary ---------------------- How it All Works Together 👇 ▫️Adoption Grows => developers build confidential dapps on Zama ▫️Usage Increases = users transact on these dapps, generating fees ▫️Tokens are Burned = the $ZAMA paid in fees is permanently burned, reducing supply ▫️Network Security Strengthens => to support the growing network, more operators stake $ZAMA, locking it up ▫️Stakers are Rewarded = stakers receive a yield from inflation (newly minted tokens)
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@succinct Succint is Reshaping Ethereum - don't fade it anon https://x.com/ZhugeLyang/status/1918630413599170567
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