Encifher
@encifherio
Followers
2,853
Following
5
Media
35
Statuses
175
Encrypting #Bitcoin soon using #FHE
Bitcoin
Joined April 2024
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Wizkid
• 372340 Tweets
APT OUT NOW
• 266025 Tweets
Ruto
• 131071 Tweets
Deputy President
• 95312 Tweets
علي النبي
• 56432 Tweets
Hayırlı Cumalar
• 37650 Tweets
Kindiki
• 32311 Tweets
安倍氏の女装
• 29623 Tweets
Dalton Knecht
• 24579 Tweets
低所得者
• 15594 Tweets
KAIRAIN HANGGANG DULO
• 15429 Tweets
ミミッキュ
• 15012 Tweets
#جمعه_مباركه
• 13711 Tweets
ちゃんのライブ
• 10398 Tweets
FHEgm
@rishotics
from our team wrote an insightful article on how Fully Homomorphic Encryption (FHE) can revolutionize DeFi.
Full Article:
Special thanks to
@edge_pod
@Nomaticcap
&
@DeFi_Dad
Let's dive into the highlights! 🧵
4
27
550
Privacy isn't about secrecy; it's about safeguarding what truly matters.
3
11
470
🧵 Quantum Threat? Here’s Why Fully Homomorphic Encryption (FHE) Stands Strong!
Below thoughts are from one of our rockstar devs
@RachitChahar7
2
13
236
Powered by Zama, Encifher Brings FHE to Secure Bitcoin 🔐
We're excited to team up with
@zama_fhe
, a pioneer in FHE solutions. Together, we're pushing the boundaries of privacy & security in the Bitcoin ecosystem 🚀
Read the full Announcement:
9
27
308
Fully Homomorphic Encryption (FHE) is a game-changer for encryption and blind data processing on blockchains 🤯 🤯 🤯
But first, what the f**k is FHE? 🔐
Lets unpack 👇
6
5
50
FHEgm
Catch
@rishotics
&
@NitanshuL
from Encifher at
@token2049
and various side events starting from the 17th! 🚀
Feel free to chat with them about Bitcoin, FHE, or anything web3-related. 🫡
2
6
39
🚀 Registration for Encifhers Private Devnet is Live! 👀
🥳 We invite all devs to play around with our devnet, build shit, break shit, and have fun 🎉
50 spots only. FCFS 🕒
Have you signed up yet, anon?
🔗
5
9
36
when you hear FHE allows you to perform calculations on encrypted data without decrypting it 👀
2
5
30
Zo Zo Zo
Our co-founder
@rishotics
had a great time yesterday speaking at Sharding Social: Bangalore, organized by
@nil_foundation
&
@web3samaj
at
@BLRxZo
⚡️
@rishotics
spoke about enabling encrypted computation over Bitcoin for trust minimized financial apps, sharing insights
0
4
27
Devnet loading
▓▓▓▓▓▓░░░
🚀 Registration opens soon ⏰
🔒 Limited spots! Stay tuned! 👀
0
4
21
It was fun to talk about how we are bringing FHE to Bitcoin. Thanks
@zama_fhe
for this!
We will be increasing the speed of shipping and soon release our DevNet🚀
Stay tuned 👀
2
4
21
The Encifher team just touched down in Singapore for
@token2049
& all the degen chaos!
Super pumped for the next few days 🚀
#TOKEN2049
#TOKEN2049Week
0
2
19
Privacy is inevitable.
2
3
18
Hear from
@rishotics
on how we can enable Encrypted Computation over Bitcoin trust minimized financial apps 🫡
FHE day, Sep 20, Singapore 🇸🇬
Introducing FHE Day, Singapore Token 2049
A mini-version of FHE Summit. Presentations and networking opportunities with the leading researchers, builders, Founders and investors in the FHE space.
Co-organized with
@veri_sense
,
@inconetwork
and
@SunscreenTech
1
7
33
2
3
18
Bitcoin is up and so are we!
🛡️ Programmable privacy
💡 Composability between encrypted states
💰 Financial Safety
Privacy is normal!
0
4
18
Say GM to our new intern getting ready to take over this page ☀️⚡️
3
1
16
Kicking off the day by attending StreamCon: Beyond Block Space - hosted by
@ark_stream
and co-hosted by
@Calderaxyz
,
@ParticleNtwrk
, &
@Spectral_Labs
⚡️
The summit focused on 4 core topics: AI & DePIN, Infrastructure, Shared Security, and VC Coins 🔥
0
1
16
Privacy in web3 isn’t just a feature; it’s the foundation of digital freedom.
Your identity and data deserve ironclad protection 🔐
0
2
15
Privacy is not a luxury, but a necessity!
We have failed miserably in selling Privacy to users!
Privacy should not be marketed as a product to end users. Instead, it should function in the background, enabling various value propositions that users are willing to pay for.
Users (generally) spend money on three things:
-
8
7
61
0
2
15
Report alleges that microphones on our devices are used for "Active Listening" to deliver targeted ads.
Time to rethink who we trust with our data. Encrypted Computation is the future—let's take back control! 🔐
1
0
13
🚨 Registrations for Encifher's Private Devnet are now closed 🚨
🥳 Congratulations to those who made it 🥂
🔔 Stay tuned for more updates 🔔
2
0
12
Key benefits of FHE?
✦ Privacy: keeps data encrypted during computation, protecting sensitive information
✦ Security: lowers the risk of breaches & unauthorised access
✦ Versatility: useful in secure cloud computing, confidential machine learning, encrypted databases & more
1
1
10
To give a sense of the hardness of this problem, look into the time and space complexities of existing algorithms to solve it. The algorithms are mainly divided in two classes: one requiring super exponential time (greater growth than exponential a^n) and polynomial space, and
0
1
11
Study your users 🫵
0
1
11
But FHE works on lattices, which are multidimensional geometrical structures. Mathematically, to construct a n dimensional lattice, you can choose n linearly independent vectors as the basis of the lattice. The security of FHE is inherited from the hardness of solving the
1
1
9
Encifher aims to be at the forefront of this revolution by enabling much needed privacy and encryption within the Bitcoin landscape.
We will be the home of privacy focussed use cases on Bitcoin like private DeFi, MEV protection, encrypted voting and much more.
Stay tuned 👀
0
0
10
Traditional cryptography schemes rely on the hardness of solving some mathematical problems for their security, e.g ECC relies on the hardness of solving the discrete logarithm problem.
Quantum computing being feared for its massive computational power can potentially breach the
1
2
8
Thank you for the shoutout
@0xabhii
ser 🫡
1
2
9
Bitcoin is the most trusted digital asset, but its public nature raises privacy concerns. Let's explore why encryption matters for Bitcoin's future 🧵
Read our full Article here:
1
0
9
👀
From a young age, Len was obsessed with privacy, convinced the internet needed shielding from prying eyes
By university, he worked on Mixmaster
An email anonymizer that hid senders' identities
But this was just the beginning...
2/12
21
18
610
0
0
8
As the leader in FHE solutions,
@zama_fhe
empowers us to make Bitcoin more private & secure than ever.
As the digital world expands, privacy shouldn’t be an afterthought - it should be the foundation. With Encifher & Zama, we’re moving towards a more private future in crypto.
1
0
8
Which web3 or crypto accounts do you follow that are worth checking out? Where’s the current hype? 🤔
0
0
8
One major issue is MEV, where miners and bots manipulate pending transactions for profit. FHE can solve this by encrypting AMM orders in DEXs, ensuring that critical transaction details remain private.
How does it work? Orders are batched into epochs, and once decrypted, pool
1
1
7
In conclusion, privacy in DeFi isn't just about hiding data; it's about creating fairness for all participants, ensuring protection from MEV and keeping trading strategies safe, while still maintaining necessary transparency.
1
1
7
The gap between traditional finance and DeFi becomes glaring when it comes to privacy. In TradFi, privacy is the norm. In DeFi, everything is transparent, which opens the door for issues like front-running and exposure of trading strategies.
1
1
7
@zama_fhe
Fully Homomorphic Encryption (FHE) lets you compute on encrypted data without needing to decrypt it. Imagine sending an encrypted tax return to the cloud, and the server calculates your refund without ever seeing your actual data. Privacy stays intact, yet work gets done!
0
1
7
This has significant implications for data privacy and security, particularly in scenarios where sensitive data needs to be processed by third-party services.
Its applications span wide to a range of use cases; preventive medicine, biometrics, private smart contracts, & more.
1
0
7
Want to see it in action? Try our our FHE enabled DEX with no MEV leakages:
0
1
7
While FHE is still in early phases, and is computationally intensive, advancements are making it more practical every day.
The future of FHE is seamless, secure, and private. 🚀
1
0
7
The challenge? Balancing privacy with transparency. Complete privacy isn’t feasible, as markets need some public data, like prices and interest rates, for efficiency. Programmable privacy from FHE helps strike that balance.
1
1
6
Runestone by
@LeonidasNFT
is the largest Ordinals airdrop ever after the achievement of Ordinals Inscriptions NFTs on the Bitcoin network.
@luminexio
introduced Rune Issuance Tool, now available for all at
1
0
6
Privacy isn’t just for big trades. Everyday users don't want their wallet addresses linked to their identities, which exposes them to tracking and phishing. FHE can shield these everyday transactions.
1
1
6
FHE allows for private computations over shared state, enabling participants to interact with encrypted data without revealing sensitive information—like private AMM pools or lending pools.
FHE improves composability, supporting multi-party transactions where users can
1
1
6
FHE is a cryptographic primitive by which data can be processed without decryption.
The encrypted data can be processed and the result of these computations can also be an encrypted output.
FHE enables encrypted data to be used both in transit and during processing.
1
0
6
Thanks for following along.
Feel free to ask us any questions if you want to know more 🫡
0
0
4
These tech wizards built up an IXRAY pipeline to do a facial recognition via Ray-Ban Meta Smartglasses, spotting complete stranges on livestream & they demonstrated the ability to recognize them in public, strike up conversations using info from open-Internet searches, and can
Are we ready for a world where our data is exposed at a glance?
@CaineArdayfio
and I offer an answer to protect yourself here:
398
2K
5K
0
1
8
The choice between both depends on specific use cases. Levelling is faster for limited operations, while bootstrapping enables more complex computations.
For Web3 applications requiring arbitrary circuit computations, TFHE's bootstrapping capabilities often make it preferable.
1
0
4
@jessewilliam166
Exactly why we are working to improve privacy & security on Bitcoin using FHE 🫡
0
1
3
TFHE's bootstrapping is particularly efficient, making it a strong contender for complex computations. Unlike BGV/BFV and CKKS, which are often used in levelled mode, TFHE can efficiently perform bootstrapping after each logic operation.
1
0
3
Runes, another Bitcoin digital asset protocol, uses OP_RETURN instead of inscriptions.
OP_RETURN marks an output as invalid, burning the input bitcoins but allowing data storage.
1
0
3
BFV is better suited for integer arithmetic, while CKKS is more efficient for complex numbers or fixed-point computations.
However, a key advantage of TFHE is its ability to handle non-linear functions exactly, unlike BGV/BFV and CKKS which offer approximations.
1
0
3
BRC20 is a Fungible token standard on Bitcoin using the Ordinals protocol.
The ordinals protocol focuses on inscriptions which is attaching arbitrary content to satoshis. So, BRC20 tokens are basically json data (name, total supply, etc.) attached to satoshis.
1
0
3
One of the challenges in FHE is managing noise that accumulates during computations. If noise exceeds a threshold, decryption accuracy drops significantly. To address this, FHE schemes use either levelling or bootstrapping.
1
0
3
Levelling limits the number of operations a ciphertext can undergo before becoming corrupted. This is suitable for functions with known depths. Bootstrapping, on the other hand, resets the noise to a fixed level, allowing for more computations but it's computationally expensive.
1
0
3
While other FHE schemes like BGV/BFV, CKKS, & FHEW exist, TFHE excels at efficiently computing arbitrary Boolean functions.
This is crucial for binary logic operations (OR, AND, XOR, NAND) used in blockchain and smart contract logic.
1
0
3
How do BRC20 inscriptions work?
• Create a Taproot output committing to the inscription script.
• Spend that output to broadcast the inscription content.
If the recipient is yourself, it's minting; if it's someone else, it's transferring.
1
0
3
Minting and transferring Runes are called Etching and Edicting. Multiple edicts can be done in a single transaction, making Runes more efficient than BRC20.
Runes also uses Bitcoin's UTXO outputs directly for data storage, reducing on-chain bloat compared to BRC20.
1
0
3
