Ethereum’s founder, Vitalik Buterin, has released an article outlining an innovative technology called fully homomorphic encryption [FHE] that acts as a privacy tool allowing developers to process data on untrusted domains without decrypting it. Encryption is encoding one’s message in a secret code so only the person the user wants can understand it. But usually, when the user wants to do something with the coded message, like adding or multiplying it, they have to decode it first, which can make it less secure.
Since a lot of people are interested in fully homomorphic encryption (FHE) recently, re-upping my article from 2020 that goes into how the math works in depth:
Here’s where fully homomorphic encryption differs. It’s like having a magic code where you can do the math on the secret message without ever needing to decode it first. So, if you wanted to add two coded numbers together, you could do it without ever knowing what the numbers were. Why is this important? Well, it can make things super secure, especially for things like sending sensitive information over the internet. Even the people helping you with the math wouldn’t know what your message is about.
Ethereum’s Vitalik Buterin, the author of the article, is a big name in the world of cryptocurrency and has gauged the popularity of this emerging class of encryption. His previous article from 2020 explained the math behind it, kind of like a guide to understanding the secret sauce behind this super secure way of keeping information safe.
From Ethereum to Shiba Inu: FHE Integration Redefines Data Encryption
FHE, often dubbed the ‘Holy Grail’ of cryptography, has gained immense traction in the crypto realm, from Ethereum to Shiba Inu. Not long ago, the meme coin network allied with open-source cryptography firm Zama to launch a new privacy-focused network on top of the Shibarium blockchain. As reported by TronWeekly, traditional data encryption involves the tedious process of first decrypting data, processing it, and then encrypting it again, making it vulnerable to privacy breaches. The FHE integration is designed to significantly enhance the privacy and security of online interactions across the SHIB domain.
