FHEtch

cryptography secures digital truth. Enjoy your Privacy

[FHEtch @FHEtch_io]

If ZK is the ENDGAME, I believe FHE is the REBIRTH of not only a scalable blockchain but a privacy enabled internet built from the ground up enabling privacy by default.

[FHEtch @FHEtch_io]

This app should have been released 4 years ago. @moonpay what took you so long.

[FHEtch @FHEtch_io]

@VittoStack AI

[Zama @zama]

Two new tracks are available in the Zama Developer Program.

Builder track.
Build a complete end-to-end demo app using Zama’s FHEVM (smart contracts, frontend, tests, and docs). The 5 best submissions share a $10,000 prize pool and receive the Zama OG NFT.

Bounty track.
Build a standalone example of a Zama FHEVM feature (e.g. access control or public/user decryption), with clean tests and minimal setup docs. The 5 best submissions share a $10,000 prize pool and receive the Zama OG NFT.

All info: https://t.co/q4zdVKDSum

[Zama @zama]

⚠️ Important reminder

The Zama Protocol is not a new L1 or L2, but rather a cross-chain confidentiality layer sitting on top of existing chains. As such, users don’t need to bridge to a new chain and can interact with confidential dapps from wherever they choose.

It leverages Zama’s state-of-the-art Fully Homomorphic Encryption (FHE) technology, which enables computing directly on encrypted data. FHE has long been considered the “holy grail” of cryptography, as it allows end-to-end encryption for any application, onchain or offchain. We believe that just like the internet went from zero encryption with HTTP to encrypting data in transit with HTTPS, the next natural step will be to use FHE to enable end-to-end encryption by default in every application, something we call HTTPZ.

Until recently however, FHE was too slow, too limited in terms of applications it could support, and too difficult to use for developers. This is what our team at Zama has spent the last 5 years solving. We now have a highly efficient FHE technology that can support any type of application, using common programming languages such as Solidity and Python, while being over 100x faster than 5 years ago. Importantly, Zama’s FHE technology is already post-quantum, meaning there is no known quantum algorithms that can break it.

While FHE is the core technology used in the Zama Protocol, we also leverage Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZK) to address the shortcomings of other confidentiality solutions:

◼️ FHE enables confidentiality while being fully publicly verifiable (anyone can recompute the FHE operations and verify them). Using GPUs will soon allow scaling to 100+ transactions/s while dedicated hardware accelerators (FPGAs and ASICs) will enable scaling to thousands of transactions per second.
◼️ MPC enables decentralizing the global network key, ensuring no single party can access it. Using MPC only to generate keys and decrypt data for users minimizes latency and communication, thereby making it far more scalable and decentralized than using it for private computation.
◼️ ZK ensures the encrypted inputs provided by users were actually encrypted correctly. Using ZK only for this specific purpose makes the ZK proofs lightweight and cheap to generate in a browser or mobile app.

Read more: https://t.co/f8UjmKpSRk

[FHEtch @FHEtch_io]

@Xprofessorrr Hello

[Rand @randhindi]

FHE is already quantum resistant

[Zama @zama]

⚠️ Did you read this? ⬇️

The Zama Protocol is not a new L1 or L2, but rather a cross-chain confidentiality layer sitting on top of existing chains. As such, users don’t need to bridge to a new chain and can interact with confidential dapps from wherever they choose.

The Zama Protocol enables issuing, managing and trading assets confidentially on existing public blockchains. It is the most advanced confidentiality protocol to date, offering:

■ End-to-end encryption of transaction inputs and state: no-one can see the data, not even node operators.
■ Composability between confidential contracts, as well as with non-confidential ones. Developers can build on top of other contracts, tokens and dapps.
■ Programmable confidentiality: smart contracts define who can decrypt what, meaning developers have full control over confidentiality rules in their applications.

It leverages Zama’s state-of-the-art Fully Homomorphic Encryption (FHE) technology, which enables computing directly on encrypted data. FHE has long been considered the “holy grail” of cryptography, as it allows end-to-end encryption for any application, onchain or offchain. We believe that just like the internet went from zero encryption with HTTP to encrypting data in transit with HTTPS, the next natural step will be to use FHE to enable end-to-end encryption by default in every application, something we call HTTPZ.

Until recently however, FHE was too slow, too limited in terms of applications it could support, and too difficult to use for developers. This is what our team at Zama has spent the last 5 years solving. We now have a highly efficient FHE technology that can support any type of application, using common programming languages such as Solidity and Python, while being over 100x faster than 5 years ago. Importantly, Zama’s FHE technology is already post-quantum, meaning there is no known quantum algorithms that can break it.

While FHE is the core technology used in the Zama Protocol, we also leverage Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZK) to address the shortcomings of other confidentiality solutions:

■ FHE enables confidentiality while being fully publicly verifiable (anyone can recompute the FHE operations and verify them). Using GPUs will soon allow scaling to 100+ transactions/s while dedicated hardware accelerators (FPGAs and ASICs) will enable scaling to thousands of transactions per second.
■ MPC enables decentralizing the global network key, ensuring no single party can access it. Using MPC only to generate keys and decrypt data for users minimizes latency and communication, thereby making it far more scalable and decentralized than using it for private computation.
■ ZK ensures the encrypted inputs provided by users were actually encrypted correctly. Using ZK only for this specific purpose makes the ZK proofs lightweight and cheap to generate in a browser or mobile app.

Happy Sunday 🌞

[Rand @randhindi]

One question I get a lot is whether privacy will just be a fad like all other narratives in crypto. The answer is NO. It's here to stay, because it's needed for global adoption of blockchain, whether in finance, governments and elsewhere. Confidential blockchain transactions will follow the same adoption curve as HTTPS, with 95% of transaction eventually encrypted with FHE.

[Rand @randhindi]

When Bitcoin came out, the only way to launch your own coin was to also launch a chain. Then Ethereum introduced smart contracts, allowing anyone to launch tokens without launching a chain from scratch.

@zama_fhe does the same for privacy. Everything that used to be a privacy chain can now be replaced by a smart contract on existing chains like Ethereum, Solana etc.

[tobi @tobific]

giving away 5 @SentientAGI chat codes

will announce winners in 5 hours

just like, rt & follow

good luck 🤞

[FHEtch @FHEtch_io]

@tobific @SentientAGI Drop the codes

[deBerry's @deberrys_xyz]

auctioning some rare @zama_fhe swags on @deberrys_xyz right now for selected (lucky) beta testers.

🏴‍☠️ they'll be first to experience confidential biding onchain (sepolia)🏴‍☠️

anyone else wants in?

Bookmark, like and reply to this tweet with what we should auction next on @deberrys_xyz, you might get whitelisted for the next cohort and get early access.

[Rand @randhindi]

Today, we are launching the official Zama Creator Program.

Rather than an airdrop that gets farmed by bots and AI, we are doing it as a series of monthly contests where the top 100 creators are rewarded with stablecoins or $ZAMA tokens, whichever they prefer.

This is a long term program, running monthly over multiple years, before and after TGE. We will be distributing millions of dollars and a big % of the $ZAMA token supply to the best creators in our ecosystem.

Here is how it works:
- each month, creator compete for a piece of the prize pool (currently set at $50k/month)
- we then use a scoring algorithm to rank the best pieces of content and assign a score. This is shown publicly on a leaderboard.
- the formula is designed to favor real human engagement and penalize bots. It is also open source, allowing anyone to verify the leaderboard is correct.
- finally, we have special prizes for emerging creators. This gives everyone a chance, not matter the size of their followings, to participate and earn rewards!

Have fun!

[FHEtch @FHEtch_io]

@deberrys_xyz @zama I want that yellow zama hat on Rands head, also we’re very early to test confidential biding onchain. Can’t wait

[FHEtch @FHEtch_io]

@JohnWRichKid Not yet chief

[Rand @randhindi]

90%+ of our time building the Zama Protocol is spent trying to make the blockchain components scale. Making FHE scale is a walk in the park in comparison. Huge respect to all the blockchain infra teams working on scaling, this is a really hard problem.

[FHEtch @FHEtch_io]

@TheBlock__ Heard of Fully homomorphic Encryption?
Pay attention to the fourth layer of the web: Privacy
@randhindi is cooking @zama

[FHEtch @FHEtch_io]

@JohnWRichKid It’s happening today

[FHEtch @FHEtch_io]

@slowafk Teflon fever

[FHEtch @FHEtch_io]

@monad Fake news 🙄