As a researcher with a background in blockchain technology, I’m excited about the latest innovation from Silent Protocol – the Ghost Layer. This new modular Layer 1.5 (L1.5) addition to the Ethereum ecosystem is a game-changer for privacy-centric blockchain applications.
Leading privacy-focused blockchain technology innovator, Silent Protocol, unveils ‘Ghost Layer’: an innovative, modular Layer 1.5 (L1.5) expansion for Ethereum‘s infrastructure.
The Ghost Layer of Silent Protocol serves as a bridge connecting Layer 1 (the base layer) and Layer 2 (the security layer) in blockchain applications. By doing so, it enhances compatibility and ensures confidential privacy. This innovative solution caters to both individual retail users and institutional applicants, propelling the advancement of privacy technology in the blockchain sector.
The Ghost Layer
The Ghost Layer of Silent Protocol employs a zero-knowledge (ZK) system in conjunction with its exclusive 0VM (Zero Virtual Machine) technology. This combination facilitates private storage of assets and enables seamless value transfer between blockchains in all directions. Moreover, the 0VM technology verifies updates and utilizes the base ledger for state validation through zkSNARKs, ensuring system security and progression.
Isa Sertkaya, the co-founder and CTO of Silent Protocol, shares that one major advantage of the Ghost Layer is its foundation being built on Ethereum. This means it can support Ethereum-based assets. According to her explanation, “the Ghost Layer doesn’t achieve modularity by capturing value vertically, but rather by allowing seamless compatibility among different blockchains.”
Using this method, Silent Protocol enhances the adaptability and composability of blockchain programs. Consequently, they can function independently of being tethered to the limitations of a solitary blockchain.
Novachrono, the founder of Silent Protocol, delved deeper into the significance of the Ghost Layer in the blockchain structure. He explained, “If you construct a ledger where its state depends on the primary ledger but the computations are kept elsewhere, you can refer to it as a Layer 1.5.” By strategically placing this technology between Layer 1 and Layer 2, we achieve the benefits of robust base layer processing along with advanced interoperability and privacy capabilities.
Supporting Innovations: Silent Compliance VM & EZEE
Following the groundbreaking introductions of Silent Protocol in 2023, which included the Silent Compliance VM and EZEE framework, we are now unveiling the Ghost Layer.
The Silent Compliance VM decentralized protocol was created to obstruct malicious actors by selectively disclosing information. In contrast, the EZEE framework emerged with the goal of overcoming state denial issues and introducing a flexible architecture that allows for functional privacy. With EZEE, developers have been granted the power to develop entire application ecosystems, liberated from the limitations of individual systems.
Ghost Layer Implications
As a researcher studying blockchain technology, I would describe it this way: The Ghost Layer introduced by Silent Protocol marks a significant step forward in the evolution of their privacy-focused protocol. This innovation represents our commitment to enhancing compliance, security, and customizability in the realm of blockchain privacy technologies.
As a researcher in the field of blockchain technology, I’m excited about the potential of the modular L1.5 Ghost Layer to transform existing applications into privacy-preserving ones, commonly referred to as 0dapps. By enabling developers from various blockchains to implement this layer, we are taking a significant step towards enhancing privacy, scalability, interoperability, and decentralized app development. This progression is expected to spark further innovation in the realm of blockchain privacy technology.
The Ghost Layer in Silent Protocol has significant implications for the future regulation of blockchain technology. By granting access to mainnet liquidity while shielding users from potential legal risks, it ensures both privacy and regulatory compliance.
The harmonious blend of these components and forward-thinking regulations fosters the expansion of blockchain technology usage among individual consumers and financial institutions alike.
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2024-05-07 15:37