Privacy -centered class 2 will change the future of Ether Leeum’s company.
Next is a guest post ZAC Williamson,,, CEO and co -founder ~ Aztec.
The blockchain industry is at intersection. The industry has made significant progress in development scaling solutions, but the need for programmable personal information remains a fundamental task. Forced transparency of the blockchain prevents adoption if user personal information is the most important, including actual assets, supply chain management and distributed identity protocols.
In order for the blockchain to be adopted for the use of liquor, the industry must prioritize Programming personal information, which is essential for program users. The next -generation Ether Leeum Layer 2 (L2) solution emphasizes this important aspect. With the innovation of ZE (ZERO-KNOWEDGE) encryption, personal information protection-oriented L2 can solve the gap between public blockchain benefits and institutional personal information protection requests.
Privacy: A piece missing in Scaling Ether Lee
The forced transparency of the blockchain creates significant limitations. In order to verify the accuracy of the ledger and prevent fraud activities, the user must be able to check all the transactions generated in the network. This transparency is a problem when connecting the blockchain to the actual asset and identity.
In order to connect the current identity to the Cryptocurrency account, you must rely on data managers as a broker who can broadcast or reliable personal information to the chain. The first options have shown that they can’t work on most cases of use. You can imagine if all ATM trading accounts are openly balanced or all online purchases, including mortgage payments, credit card debt and late billing fees.
Data managers may seem attractive, but they can suggest the default value of the blockchain, that is, the ability of smart contracts, protocols and DApps, and smoothly interact. This synthesis is a power multiplier of small companies by achieving similar efficiency benefits to the vertical integration of traditional industries. This allows these companies to develop internally or integrate services that need to be approached with a third party.
Data managers fundamentally interfere with this model. If the application depends on the data manager, the third -party application that wants to integrate must first interact with these managers, so you need to create a permission barrier that cannot be overcome. This reflects the theoretical scenario of requesting the Etherrium Foundation.
Zero Knowledge Encryption: Game Changer for Personal Transactions
Personal information protection, which is driven by Zero Knowledge (ZKP) technology, allows the L2 architecture to be able to verify transactions while maintaining complete personal information of sensitive business information. ZKP allows transaction verification and execution on scale while completely closed on sensitive business details.
ZKPS is differentiated from traditional personal information protection solutions by establishing verified personal information without sacrificing scalability and providing mathematical and safe personal information to applications including payment, identity confirmation and compliance. Unlike the previous approach to the blockchain privacy that interferes with the function, ZKP protects the sensitive data without damaging speed or usefulness in the blockchain technology.
Combined with a tool that lowers the technical barrier for adoption, developers can use ZK without domain expertise. Universal programming language for ZK applications makes it easy for developers to integrate personal information protection technology into applications.
After Ether Lee’s launch, Vision provided traditional financial services in a user -centered way to minimize intermediaries and create an open and competitive environment. Missing the legacy industry, such as medical, finance and supply chain management, was an important element of programming privacy, that is, institutional adoption.
Adoption of institutions: Bring the blockchain as an enterprise use case
ZKP complements data protection requirements and regulations. Due to the ability to flood the encrypted sensitive information that users can query and verify, personal information L2 can host a transaction network that can cause transactions only if the participant complyes. As a result, compliance with regulations can be a practically safer environment than traditional financing with legendary earnings that have good retroactive activities.
Personal information L2 can be placed in L2, which allows you to deploy a miniature isolated network, allowing you to see only entities with permanent smart contracts. Although it is not ideal for a wider ecosystem, it is possible to place sensitive code provided with license restrictions such as exclusive trade matching algorithms.
The L2 solution enables personal transactions to remove the risks related to the open source code so that the institution can access the advantage of the blockchain while minimizing the shortcomings. Privacy -oriented L2 architecture provides a true bridge for more extensive institutional adoption, providing access to the sector that requires the highest level of personal information and compliance with the web3.
Looking at the future
As Ether Leeum’s ability develops, personal information concentration L2 is leading the way for a wide range of institutional adoption over finance, identity and beyond it. By prioritizing personal information and scalability, these solutions can be converted into executable options for the institution, allowing the existing system to connect with the distributed system and maintain both user personal information and regulatory standards.
