Silent Protocol, a leader in blockchain privacy technology, has announced its Ghost Layer, an innovative modular Layer 1.5 tailor-made for Ethereum (ETH), according to information shared with Finbold on May 7.
The new release aims to provide compliant privacy improvements to public blockchains, both for individual and institutional customers.
The launch also underlines Silent Protocol’s commitment to building a compatible and configurable framework, allowing institutions to use Ethereum securely and privately.
Ghost Layer 0VM technology
By opening access channels to different execution layers, Ghost Layer enables easy integration of existing applications into private workflows.
It uses a zero-knowledge (ZK) based system in combination with proprietary 0VM technology, which enables the storage of private assets and value transfers between different blockchains.
Novachrono, the founder of Silent Protocol, elaborated on the role of the Ghost Layer within the blockchain landscape and stated:
“If you create a ledger whose status is determined by the base ledger, but the calculation is stored elsewhere, you can call it a Layer 1.5.”
The strategic importance of Ghost Layer
Isa Sertkaya, co-founder and CTO of Silent Protocol, emphasizes the strategic significance of the Ghost Layer:
“The Ghost Layer is rooted in Ethereum and supports Ethereum assets and achieves modularity not by capturing value vertically, but by enabling horizontal mergability across chains.”
By implementing 0VM technology, the Ghost Layer improves system health while verifying updates and using the base ledger for health validation via zksnarks.
Developers of various blockchains now also have the option to convert their existing applications into privacy-preserving applications, known as 0dapps, while retaining the liquidity available on the mainnet.
Economic Zero Knowledge execution environment
In 2023, Silent Protocol introduced the Economical Zero Knowledge Execution Environment (EZEE), introducing a fully composable architecture that supports functional privacy.
This framework allows developers to create apps without the limitations of isolated systems.
In addition, Silent Protocol has developed the Silent Compliance VM, a decentralized protocol that selectively discloses data to prevent misuse by malicious actors.