Zama, a privacy protocol utilizing Fully Homomorphic Encryption (FHE), is set to launch its mainnet and native ZAMA token. The project has announced the release of testnet v2, with the mainnet test version expected by the end of the year. Zama's technology allows private smart contracts on existing EVM chains without requiring users to switch chains, having already processed over 1.2 million encrypted transactions since July.
The ZAMA token will function as a utility token for staking, governance, and transaction fees. Zama's architecture includes fhEVM, a suite of smart contracts and libraries, and a network of FHE-based co-processors. Several applications, such as Zaiffer, TokenOps, Bron Wallet, and Raycash, are preparing to integrate with the Zama mainnet, enhancing privacy and security for Ethereum users.
Zama to Launch Mainnet and ZAMA Token, Enhancing Privacy on Ethereum
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