G_SPOT

**Web3 | Blockchain Analyst | Arbitrage Hunter | Web3 Researcher | UI/UX/ Graphics designer. WAGMI

[G_SPOT @chainpilot_x]

BEYOND THE BLOCKCHAIN FIREWALL 1.1 -ZAMA_ FHE

The true cost of data break-in is underemphasized…

The issue of transparency when dealing with financial assets, identity or governance was solved a long time ago by the invention of blockchain through the open ledger system of verification of transactions or certain operations.

As beautiful as the blockchain invention is, it poses a major issue, specifically requiring the disclosure of all transactions and data to everyone as keeping them private would prevent verification. Hence making lack of confidentiality and privacy a major hinderance to the global adoption of blockchain technology.

In 2017, the credit reporting agency Equifax suffered a breach that exposed the personal and financial data (including names, Social Security numbers, birth dates, and addresses) of 147 million people. While the initial financial cost was massive (hundreds of millions in regulatory fines, settlement funds, and IT remediation), the true long tail cost to the economy and individuals is often underemphasized.

This blockchain confidentiality dilemma has lead to some technological innovations including the ZK Proof, Trusted Execution Environment (TEE), Multi-Party Computation (MCP) and Fully Homomorphic Encryption (FHE). Solving this dilemma while ensuring no negative impact on security, verifiability, composability and scalability, which also remains remarkably intuitive to operate by developers is an ongoing field of research which is necessary for mass adoption of decentralized applications and the blockchain technology at large.

So Far, FULLY HOMOMORPHIC ENCRYPTION (FHE) has proven to have more advantages over other technologies, majorly because it enables computing over encrypted data directly, making it immune to side channel attacks when operating over ciphertexts. It is a total confidential protocol as it does not require sharing data between multiple parties or a single trusted entity.

On the Downside, FHE does require addition computational power. This is why the @zama confidential blockchain protocol has come to build a system that would significantly increase the performance of the FHE technology, making it more scalable and Post-Quantum.

THE ZAMA CONFIDENTIAL BLOCKCHAIN PROTOCOL AND HOW IT WORKS.

The Zama Protocol leverages majorly on the FULLY HOMOMORPHIC ENCRYPTION (FHE) that lets you run private, secret smart contracts on any major blockchain (like Ethereum or a 'Layer 2' network built on top of it). It is the best and newest way to keep things confidential on the blockchain. Zama combines Fully Homomorphic Encryption (FHE) for confidential reputation, Multiparty Computation (MPC) for FHE key generation and decryption and Zero-Knowledge Proofs of Knowledge (ZKPoP) to ensure the correctness and integrity of the encrypted keys.

The Zama protocol offers End-to-End encryption of transaction inputs and states, Composability between confidential and non confidential contracts and Programmable confidentiality as developers have full control over confidentiality rules in their applications.

WHAT MAKES ZAMA SPECIAL

YOU SET THE RULES : The person who creates the smart contract gets to decide exactly who can see what. It's like a customizable secret code, the developer controls the permission list and decides who gets a decryption key for specific parts of the data.

TOTAL PRIVACY : Imagine putting your data in a safe that no one else has the key to , not even the people running the computers (nodes) that handle the transaction. The protocol ensures everything is encrypted (scrambled) from start to finish, so your data and the agreement's content are completely hidden.

BUILDING BLOCKS: You can link these secret agreements together, or even connect them with the regular, public agreements on the blockchain. This means developers can build new secret apps on top of existing ones, like tokens or other services.

THE ZAMA USE CASES
Most real world apps don't share all their data publicly. Before, every transaction and piece of data on a public blockchain like Ethereum was visible to everyone. The lack of privacy is a major roadblock for many applications, especially in finance and identity.

In the long run, it could allow for entirely new kinds of applications such as on-chain corporations and data market place for AI. In essence, confidential blockchains don't just enable programmable money, they enable programmable public infrastructure for things like FINANCE, REAL WORLD ASSEST TOKENIZATION, IDENTITY AND GOVERNANCE…

Stay tuned as we explore zama…

Other versions of this article loading and dropping soon.

[G_SPOT @chainpilot_x]

@YieldFields_RH I need wl

[G_SPOT @chainpilot_x]

@serpinxbt Oh well I unfollowed serpin taxt. Crazy mf

[G_SPOT @chainpilot_x]

@aztecnetwork @PrivacyEthereum @mike_connor Scammers

[G_SPOT @chainpilot_x]

@aztecnetwork @PrivacyEthereum @mike_connor Scammers.

[G_SPOT @chainpilot_x]

@elonmusk I will work with and for you one day, directly or indirectly @elonmusk

[SmartecVitalik @Smartecio]

Check this out guys....
@budapp

[G_SPOT @chainpilot_x]

I think I love breast a lot, Damnnnnnnn

[Brian Roemmele @BrianRoemmele]

Boom!

I just opened what just may be the largest Apple HyperCard Stack Collection known: over 400,000 HyperCard Stacks for AI training!

It was donated to me by a former Apple employee that saved every Stack they found, attending Apple User Groups across the country for over a decade and a half.

Much of this content has never found its way in the Internet and some have mountains of data. Much of it is by folks that just wanted to make a place for unique data and ideas. It is a treasure trove!

I now have an agent pipeline that will run the 5 disk DVD player until I load all the disks (over 100) for AI training.

I suspect I will donate to online archives these Stacks at some point with permission form the estate.

I can say I am blown away by this data set and know impart wisdom to YOUR AI.

THANK YOU FOR FINDING ME HERE ON X AND TRUSTING ME WITH THIS LIFE CURATION AND COMMITMENT!

More soon!

[G_SPOT @chainpilot_x]

Operation unfollow all web3 scam projects today.

[G_SPOT @chainpilot_x]

Web3 has become a no repercussion crime scene

Founders and investors do what ever it is there like and get away with it.

It’s okay to take a step back if there’s no genuine system that works anymore in this space
Don’t lock in and keep showing up on rubbish

[G_SPOT @chainpilot_x]

@toly Get w m

[G_SPOT @chainpilot_x]

@Onoja_Cee Sorry, they already won 😢😄

[G_SPOT @chainpilot_x]

@Onoja_Cee Losers

[G_SPOT @chainpilot_x]

@CryptoDefiLord Congrats sir

[G_SPOT @chainpilot_x]

@clairekart You did a great job scamming your community @clairekart

[G_SPOT @chainpilot_x]

@smartek @aztecnetwork bunch of scammers.

[G_SPOT @chainpilot_x]

@Crypto4bailout 😂😂😂😂

[🥞C4B Freedom🥞 @Crypto4bailout]

Me Comforting my friend I told to buy Bitcoin at $120k😂😂😂😂

[ATLAS @Atlas_Myllo]

For the past two days, I have spent nearly 24 hours a day teleoperating in the Training Arm session. This is due to the Buddy Arm being under maintenance, which has created a significant backlog (long queue) for both Amplifiers and Innovators.

I also noticed that the queue sometimes hangs. For example, if you’re at position 50, you can stay there for almost 40 minutes if you don’t refresh your browser.

Another thing I discovered over the past two days is that the teleoperation camera sometimes goes off when it’s my turn. When that happens, I keep refreshing the browser until the camera comes back on and stabilizes.

I believe the @PrismaXai team is working tirelessly to resolve all the bottlenecks we are experiencing currently. I must say the queue is insane this days. Nevertheless we keep teleoperating...

Gprisma and happy Sunday 🙌

[G_SPOT @chainpilot_x]

@Atlas_Myllo @castorhat @realAltcoiner G Prisma