Encifher has successfully integrated privacy-focused cryptocurrency ZEC into the Solana blockchain through the creation of eZEC, a wrapped version of ZEC. This development follows a significant 380% surge in ZEC's value this month, reaching $375. The integration addresses the lack of native privacy features in standard SPL tokens by employing fully homomorphic encryption and zero-knowledge proofs.
The eZEC assets enable private transactions on Solana while maintaining compatibility with decentralized finance (DeFi) applications. Encifher's system uses threshold ElGamal encryption and ephemeral accounts to conceal balances and prevent transaction analysis. These privacy features are now operational on Jupiter, Solana's leading decentralized exchange, restoring asset-level privacy for ZEC on the network.
Encifher Enhances ZEC Privacy on Solana with eZEC Integration
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