Zama completed a Series B funding round of $57 million, with a valuation exceeding $1 billion.
On June 26, according to a report from The Block, Zama – a privacy-focused secure blockchain protocol – has officially completed a Series B funding round worth $57 million. This funding round was led by prestigious investment funds Pantera Capital and Blockchange, bringing Zama's valuation to over $1 billion. The testnet of Zama is expected to launch on July 1, marking a significant step forward in developing security solutions for the cryptocurrency ecosystem.
Multi-chain security solution using Fully Homomorphic Encryption (FHE).
Zama provides developers with a multi-chain privacy solution based on Fully Homomorphic Encryption (FHE) technology. This advanced technology allows the execution of 'secure smart contracts' directly on existing blockchains without disclosing user data. Initially, the protocol supports 20 transactions per second (TPS) but plans to use specialized hardware acceleration to boost processing capacity to over 10,000 TPS on a single chain.
Applying MPC and ZKP technology, expanding the Ethereum and Solana ecosystem.
Zama integrates Multi-Party Computation (MPC) and Zero-Knowledge Proof (ZKP) methods to enhance absolute security. Currently, the protocol is fully compatible with the Ethereum Virtual Machine (EVM), allowing the direct deployment of secure smart contracts. In the future, Zama plans to expand support to the Solana ecosystem, paving the way for cross-chain security consolidation, significantly improving privacy for dApps and end-users on the cryptocurrency platform.
Zama is not just a simple secure blockchain protocol but also a turning point in building core security infrastructure for the future of the cryptocurrency industry. With advanced FHE solutions, Zama promises to enhance privacy experiences while ensuring superior transaction processing performance, meeting the enterprise-level development needs in the multi-chain blockchain space. The upcoming testnet launch in July will open up many opportunities for collaboration and practical application development in a vast ecosystem.
Source: https://tintucbitcoin.com/zama-goi-von-57-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
