The Good Tech Companies - Aleph Zero Launches Subsecond Shielding on Testnet, Delivering Client-Side ZK Privacy For DeFi

Episode Date: October 17, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/aleph-zero-launches-subsecond-shielding-on-testnet-delivering-client-side-zk-privacy-for-defi. ... Aleph Zero’s zkOS enables zero-knowledge proofs to be generated client-side—meaning data is encrypted locally on the user’s device and never leaves unencrypted— Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #alephzero, #chainwire, #press-release, #alephzero-announcement, #blockchain-testnets, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

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Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. All F-Zero launches sub-second shielding on testnet, delivering client-side ZK privacy for DeFi, by Chainwire. Zug, Switzerland, October 17, 2024, Chainwire. Asterisk most zero knowledge proofs are generated server-side forscaling, but All F0's ZKOS does that directly on users' devices, offering privacy in a fraction of second. AllF0, the leading blockchain platform recognized for its focus on privacy and scalability, announces the launch of the first feature of ZKOS, Zero Knowledge Operating System, Shielding, on its EVM testnet. This release marks the first opportunity for users to experience the shielding
Starting point is 00:00:45 feature OFS-COS in action, demonstrating the speed and privacy capabilities of AllF00 KnowledgeProof ZK technology optimizations. Privacy at lightning speed The shielding demo release is a significant milestone for AllF0, representing its commitment to developing practical privacy solutions for the blockchain industry. All F0's zKOS enables zero-knowledge proofs to be generated client-side, meaning data is encrypted locally on the user's device and never leaves unencrypted, providing high levels of privacy without compromising transaction speed. The shielding demo serves as the first practical interface for users to experience this privacy functionality, with zero knowledge proofs generated within zero. Five to three seconds, ensuring that privacy has minimal impact on transaction performance.
Starting point is 00:01:34 Greater than privacy has long been a challenge in blockchain, often due to poor user greater than experience, said Adam Gagel, co-founder and CTO of AllF0. With today's greater than release, we're delivering one of the fastest client-side ZK directly to users, greater than combining privacy and performance. The release of the shielding demo offers a greater than glimpse into how ZKOS can bring privacy to DeFi without sacrificing speed or greater than usability. How the shielding demo works The shielding demo provides an intuitive interface for users to test all F0's ZKOS privacy layer. Here's how it works. Data privacy. ZKOS generates zero knowledge proofs locally on the user's device, ensuring that data remains private and secure. Transaction flow. Users generate ZK proofs,
Starting point is 00:02:23 send transactions to a relayer, and then they are executed on-chain, all while maintaining privacy. Fast-ProvingTimes. The system delivers ZK proofs in 0.5-3 seconds on most devices, demonstrating SCOS's speed and its minimal impact on transaction times. The testnet version of ZKOS allows users to interact with the system and witness its capabilities, though AllF0 notes that the privacy features will be built directly into the upcoming common app. Why ZKOS matters A glimpse into the future the launch of the shielding demo on testnet is only the beginning. AllF0's roadmap for ZKOS extends far beyond this initial release,
Starting point is 00:03:02 with ongoing work on simplifying the user experience and the introduction of additional privacy features, such as ZKID and anonymity revokers, to ensure both privacy and protection against fraudulent use of the platform. The system is designed to be easily integrated by developers, providing a privacy framework that requires minimal cryptographic knowledge. The simplicity, combined with AllF0's rapid client-side ZK proof generation, makes ZKOS a critical tool for developers building privacy-centric applications across DeFi and other Web3 sectors. Unlocking privacy for new
Starting point is 00:03:37 use case The privacy space in blockchain has been facing increased challenges, such as regulatory scrutiny and delistings, often due to concerns over non-compliance. All F-Zero's ZKOS offers a fresh approach by delivering privacy solutions that balance user confidentiality with regulatory requirements. Instead of focusing solely on anonymity, ZKOS is designed to meet both the needs of users and the evolving demands of compliance. ZKOS enables users to manage their assets securely across multiple blockchains, ensuring their transactions remain private. Unlike traditional privacy methods that rely on centralized or hardware-based systems,
Starting point is 00:04:15 ZKOS operates directly on the client side, safeguarding privacy without external dependencies. Next steps for all FZEROAs The testnet release progresses. All FZ is focusing on refining shielding in ZKOS for its mainnet deployment. Users who engage with the shielding demo will have the opportunity to be whitelisted for upcoming ZKOS beta testing on All FZ's EVM mainnet. About All FZ All FZ is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiency second to conventional Web2 systems, upholds rigorous standards for data protection via zero-knowledge proofs ZKP, and offers a comprehensive toolset for development across Web3,
Starting point is 00:05:02 ranging from WASM-based Rust to EVM-based Solidity environments. All F0's versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of Web3 applications supported by All F0 programs. For more information, V I S I T H T T P S colon slash slash all F zero org. For any inquiries about this release, please contact Josh at serotonin co or Anna at serotonin co C O N T A C T P R manager, Josh Adams, all F zero Josh at serotonin co. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here.
Starting point is 00:05:50 N Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

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