In today's digital landscape, privacy is becoming increasingly critical. Web3 is witnessing a renaissance of privacy-enhancing technologies, enabling users to interact with data and transactions without risking information leakage.
COTI: Keeping Privacy with Garbled Circuits
COTI has launched its v2 mainnet focusing on privacy and EVM compatibility. The Garbled Circuits technology allows for the processing of encrypted data in smart contracts without revealing it. This enables users to securely send funds and execute transactions without exposing their wallets. COTI is already embedded in the financial sector, allowing companies to keep data confidential while adhering to regulatory standards.
Zama: Fully Homomorphic Encryption for Modern Applications
Zama's Fully Homomorphic Encryption (FHE) technology allows for computations on encrypted data without decryption, which is crucial for personal data analysis or financial trades. After a successful $57 million funding round, Zama achieved unicorn status with a valuation of over $1 billion. Their confidential blockchain protocol is already live on the public testnet, with the mainnet launch scheduled for 2025.
Fhenix and Aleo: Innovations in Privacy Provision
Fhenix is developing a dedicated blockchain powered by Fully Homomorphic Encryption (FHE), enabling private smart contracts and secure AI models. Meanwhile, Aleo is building zero-knowledge (ZK) solutions that allow users to perform computations privately. Aleo's partnership with Google Cloud strengthens its market position, while Fhenix focuses on confidentiality for decentralized finance and streaming voting.
Privacy-enhancing technologies in Web3 are becoming increasingly accessible and advanced. Their adoption will help users secure their data in today's digital world, significantly impacting the future of asset and service interaction online.
