Zama's Latest Progress: Major Breakthrough in FHE Performance, Future is Promising

On September 17, Zama, a star project in the privacy computing field, announced significant news: it has not only completed a $130 million financing but also achieved a historic breakthrough in the performance of fully homomorphic encryption (FHE).

Key Developments:
FHE guides speed into the millisecond era
Zama has compressed the bootstrapping time of FHE to 0.9 milliseconds.

This means that the process of removing noise from encrypted data is almost 'instant', boosting the processing speed of confidential transactions from 0.1 TPS in 2022 directly to 230 TPS today.

Simply put: FHE used to be as slow as "riding a bicycle", but now it can run on "high-speed rail".

Self-developed ASIC chips are on the way.
The team is developing ASIC chips specifically designed for FHE.
The goal is to increase TPS to 100,000 by 2029, a scale that is comparable to global payment systems such as Visa, Mastercard, and SWIFT.

This means that the throughput of blockchain privacy transactions in the future can truly meet the demands of financial levels.

The significance of the blockchain ecosystem
Zama's technology can be seamlessly applied to any chain:
L1: Strengthen the security of the base layer;
L2: Achieve higher scalability and lower costs while ensuring privacy.
Confidential Layer: FHE enables contracts to perform computations directly in an "encrypted state," completely avoiding data leaks.

The tools that have already been implemented.
fhEVM: Designed specifically for privacy EVM applications;
TFHE-rs: A high-performance encrypted computation tool based on Rust.
Concrete ML: Directly integrate FHE with PyTorch / sklearn for privacy-preserving machine learning.

Currently, Zama has opened its public testnet, with scenarios including sealed-bid auctions, anonymous voting, on-chain confidential computing, all of which can be completed without exposing user data.

In summary, this upgrade by @zama_fhe has pushed FHE from "laboratory technology" to "practical application". From financing to performance breakthroughs, and then to hardware development, it is laying the foundational stones for the future of privacy finance and Web3 applications.

In short: People used to think that FHE was a wonderful concept, but now Zama has made it truly operational. #ZamaCreatorProgram Zama