Ethereum

Ghost

FOMO

Zero

<div class="finbold">
 <p class="paragraph">Silent Protocol, a leader in blockchain privacy technology, has announced its Ghost Layer, an innovative <a rel="noopener noreferrer nofollow" title="modular" href="https://thebittimes.com/tag/modular.html">modular</a> Layer 1.5 tailored for Ethereum (ETH), according to the information shared with Finbold on May 7.&nbsp;</p>
 <p class="paragraph">The new release aims to deliver compliant privacy enhancements to public blockchains, catering to individual and institutional clients alike.</p>
 <p class="paragraph">The launch also underscores Silent Protocol’s dedication to constructing a compliant and composable framework, allowing institutions to securely and privately leverage Ethereum.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This Solana trader lost $37,000 in 17 minutes with FOMO and a panic sell <span class="self-center text-xs text-slate-500">25 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin breaks $60,000; Is the post-halving 'Danger Zone' over? <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This AI token skyrockets after Warren Buffet’s comments <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Australia tax authorities demand client data from crypto exchanges <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-ghost-layer-0vm-technology">Ghost Layer 0VM technology</h2>
 <p class="paragraph">By opening access channels to various execution layers, Ghost Layer allows for easy integration of existing applications into private workflows.</p>
 <p class="paragraph">It leverages a zero-knowledge (ZK) based system in conjunction with its proprietary 0VM technology, which enables private asset storage and facilitates value transfers across different blockchains.</p>
 <p class="paragraph">Novachrono, the founder of Silent Protocol, elaborated on the Ghost Layer’s role within the blockchain landscape, stating:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“If you create a ledger whose state is decided by the base ledger but the computation is stored elsewhere — you can call it a Layer 1.5.”&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-the-strategic-importance-of-ghost-layer">The strategic importance of Ghost Layer</h2>
 <p class="paragraph">Isa Sertkaya, Co-founder and CTO of Silent Protocol, highlights the strategic significance of the Ghost Layer:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Rooted out of Ethereum and supporting Ethereum assets, the Ghost Layer achieves <a rel="noopener noreferrer nofollow" title="modular" href="https://thebittimes.com/tag/modular.html">modular</a>ity not by capturing value vertically but by enabling horizontal composability across different chains.”</p>
 </blockquote>
 <p class="paragraph">By implementing 0VM technology, the Ghost Layer advances system state while verifying updates and utilizing the base ledger for state validation through zksnarks.</p>
 <p class="paragraph">Developers on various blockchains now also have the opportunity to transform their existing applications into privacy-preserving ones, known as 0dapps, while retaining the liquidity available on the mainnet.</p>
 <h2 class="wp-block-heading" id="h-economical-zero-knowledge-execution-environment">Economical Zero Knowledge Execution Environment</h2>
 <p class="paragraph">In 2023, Silent Protocol introduced the Economical Zero Knowledge Execution Environment (EZEE), introducing a fully composable architecture supporting functional privacy.&nbsp;</p>
 <p class="paragraph">This framework empowers developers to create apps without the constraints of isolated systems.&nbsp;</p>
 <p class="paragraph">Additionally, Silent Protocol developed the Silent Compliance VM, a decentralized protocol that selectively reveals data to prevent misuse by malicious actors.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/silent-protocol-unveils-ghost-layer-a-modular-layer-1-5-for-ethereum-tbt87654.html">https://thebittimes.com/silent-protocol-unveils-ghost-layer-a-modular-layer-1-5-for-ethereum-tbt87654.html</a></p>

Silent Protocol unveils Ghost Layer, a modular Layer 1.5 for Ethereum

Table of Contents

TheBitTimes

Other articles published on May 7, 2024

UK’s FCA Imposes £120k Fine on Former Shard James Lewis: Impact on Crypto Market and Coin Values

Ripple vs SEC: Here’s Why May 13th is Key in the XRP Lawsuit

Can PEPE Be Able to Conquer Its Current Volatile State?

Arthur Hayes Increases Investment in DeFi Project Amid Market Corrections

Nigeria Imposes Crypto Trading Ban: Binance CEO Responds! – Impact on Bitcoin (BTC) and Ethereum ...

Unearthing the Time: Duration Involved in Mining a Single Bitcoin

Join our free newsletter for daily crypto updates!