Zama, an open-source cryptography startup with the aim of bringing complete privacy in public block chains, has collected $ 57 million in series B financing led by Pantera Capital and Blockchange Ventures. De Ronde pushes the appreciation of Zama more than $ 1 billion, making it the first company that works in advanced coding to achieve unicorn status.
Zama, founded in 2020, tries to put privacy in public block chains without jeopardizing transparency or auditability. In addition to the launch of the public test network and the “confidential” blockchain protocol, the latest financing from Zama, with which developers can build coding smart contracts and decentralized applications.
“We focus on financial applications, in particular payments,” said Zama CEO Rand Hindi Decodeer. “It is clear from all our conversations with both Stablecoin spending and people who use Stablecoins that they want confidentiality in payments on chains.”
Although encryption is in the middle of the blockchain industry, gay coding allows users to cod data that can then be processed without decoding, making it possible to give cryptocurrencies, stablecoins or process payments on public blockchains to the world to the world.
Fully gay coding, or FHE, “enables you to recalculate the status using the encrypted data,” Hindi explains. “This means that you have the same level of public verifiability, but without having to see the actual data [it] Effective the only confidentiality technology that is both safe and publicly verifiable. “
Hindi said that Zama will first be launched on the Ethereum network in July before he went to other block chains with virtual Ethereum-Machine-Machine-Compatible Machine.
“We chose Ethereum because it is the canonical chain where many of the stablecoins are published. So it makes sense to first have the confidentiality layer,” he said. “Switching from Ethereum to other EVM chains will happen fairly quickly, because it is the same pile.”
As for Solana, Hindi said that Zama is focusing on an integration of 2026 with the help of a dual approach.
“First of all, we have to adjust our technology to the SVM and have it checked, what time takes,” said Hindi. “Secondly, the expectation of Solana developers with regard to performance is that they can do hundreds, if not thousands of transactions per second. As soon as we can support Solana speeds, we will launch there.”
In contrast to controversial privacy tools such as coin mixers, which are the target of governments and law enforcement, Hindi said that Zama’s approach focuses on encrypted content, while the transaction itself remains visible.
“With tornado -contant money you make the transaction not traceable, but the content is public,” he said. “On the other hand, the information about the chains, not the transaction race. You can see who has dealt with whom, but you cannot see their balances, amounts, etc., etc. This means that you can always return the transaction to a KYC’D portionian if necessary.”
An important feature in the protocol, explained Hindi, is what Zama calls ‘programmable confidentiality’, which gives developers control over who can decode data about chains within the smart contract.
“For example, a stablecoin emittent can allow a user to see his own balance, but also a compliance officer,” Hindi said. “The Zama protocol actually does not enforce anything – it is entirely up to the developer to decide what compliance rules they want to follow.”
This level of operation, said Hindi, is the last piece needed for a widespread acceptance of blockchain technology.
“In the past, the issue was performance, but Solana and Layer-2 networks have resolved this. Now that confidentiality is also resolved, this means that we can start building all financial applications on the chain, without worrying about speed or privacy-lecture are essential if you want to scale on things such as global retail payments,” he said.
After years of working in cryptography, Hindi said that Zama was achieving unicorn status for a long time.
“To be honest, it feels great to see that great investors and builders are now giving confidentiality. It is a battle that I have fought on for more than ten years,” he said.
Published by Andrew Hayward