Zama launched the fhEVM Coprocessor on Ethereum’s Sepolia testnet, allowing developers to build encrypted, private smart contracts.
Zama, a cryptography company, has introduced the fhEVM Coprocessor on Ethereum’s Sepolia testnet.
The tool’s purpose is to enable developers to generate confidential smart contracts on any blockchain.
Zama disclosed on December 6 that its fhEVM Coprocessor had been implemented on the Sepolia testnet and that it intends to launch a completely operational mainnet in mid-2025.
The objective is to develop blockchain applications that can safeguard privacy while maintaining transparency, as stated by Rand Hindi, CEO of Zama.
“The fhEVM native protocol has already resulted in the development of substantial blockchain infrastructures that are capable of reconciling the need for increased privacy with the transparency of blockchains,” he stated.
He further stated that the release allows developers to “deploy confidential smart contracts on any non-FHE (Fully Homomorphic Encryption)-enabled blockchain.” Cointelegraph was informed by the Zama team:
“Simply put, Zama’s fhEVM makes it possible to run Ethereum fully encrypted, end-to-end.”
“In contrast to private blockchains, which lack transparency, public blockchains expose all data, despite the numerous innovations in Web3 privacy, such as consensus, ZK, and optimistic rollups.”
They stated that certain ZK solutions enhance privacy but compromise blockchain composability and that fhEVM was developed to address this issue.
Encrypted data that remains processable while maintaining blockchain composability and programmable privacy controls are among the key innovations.
The system also offers performance enhancements, such as an average of 20 transactions per second (TPS), with the potential for future scalability to hundreds or thousands of TPS.
Fully Homomorphic Encryption (FHE) is a technology employed by the fhEVM Coprocessor to facilitate the processing of encrypted data without the need for decryption.
This simplifies the development of privacy-preserving blockchain applications and allows developers to create decentralized applications (DApps) with improved privacy without the necessity of extensive cryptographic knowledge.
“Developers who are creating confidential DApps frequently encounter significant obstacles, including the need to learn unfamiliar programming languages, design “circuits,” and contend with resource-intensive, slow computations,” the team stated.
They also stated that “with Solidity, they can immediately begin constructing confidential smart contracts.”
Private tokens, encrypted decentralized finance (DeFi) transactions, confidential on-chain lending, secure voting mechanisms, private business record management, sealed-bid auctions, and composable private identities are all potential practical applications.
The development has the potential to transform the way privacy is managed in blockchain, decentralized applications, and smart contracts by facilitating the accessibility of complex cryptographic protection for developers.
In March, Zama secured $73 million in a Series A funding round that was spearheaded by Protocol Labs and Multicoin Capital.
