The Next Big Thing?
As data can remain encrypted, transaction details can be kept encrypted while still allowing certain computations, like validation or verification, enhancing privacy. Another feature is implementing confidential smart contracts as the logic and parameters of the contract remain confidential while still being executable on encrypted inputs.
This can be extremely useful for business or financial contracts where the details need to be kept confidential among involved parties. Other advantages include increased secured computation in blockchain and data sharing as data remains encrypted during these computations but are still verifiable.
Although it is currently an experimental technology many market participants see it as the holy grail of cryptography and that it has a fair chance to become the next big thing in the industry in the upcoming 1 - 2 years. What are your thoughts about this emerging technology or do you think another technology will steal the spotlight in the coming years?
The digital assets industry is known for its fast-paced innovation with experimental technologies succeeding and failing at an incredible pace. Where zero-knowledge proofs were the big winner in the last 1 - 2 years, a new technology is slowly gaining traction: Fully Homomorphic Encryption (FHE).
FHE is a data encryption method that enables people to perform computations on encrypted data without revealing the raw data. But what advantages does it provide for the cryptocurrency market? Well, a few.
