Homomorphic Encryption: Revolutionizing Privacy and Security
Last updated
Last updated
Zodax redefines blockchain privacy and security with the integration of Homomorphic Encryption, leveraging the Paillier Cryptosystem to ensure unparalleled confidentiality in financial transactions. This cutting-edge technology enables computations on encrypted data without ever exposing sensitive details, setting a new standard for secure and private blockchain operations.
How Zodax Uses Homomorphic Encryption
Private Transactions: Transactions remain confidential, with details encrypted and inaccessible to unauthorized parties, ensuring robust privacy across the protocol.
Encrypted Smart Contracts: Homomorphic Encryption enables computations directly on encrypted data within smart contracts, facilitating secure operations without compromising confidentiality.
Confidential Real World Asset (RWA) Swaps: Users can engage in token and RWA swaps without revealing transaction amounts to external observers, preserving their privacy.
Key Highlights
Homomorphic Encryption: Allows secure computations on encrypted data while maintaining privacy throughout the process.
Confidential Transactions: The Paillier Cryptosystem ensures private on-chain transactions and smart contract execution, significantly enhancing data security.
Enhanced Privacy: By encrypting security token balances, Zodax safeguards sensitive user information, setting a high benchmark for privacy-centric blockchain protocols.
Zodax’s implementation of Homomorphic Encryption underscores its dedication to creating a privacy-first ecosystem. By combining confidentiality with composability, the protocol empowers users to transact, trade, and manage assets securely while maintaining full control over their data.
