Encrypted execution describes the process of performing computations on data that remains in an encrypted state throughout the entire processing cycle. This method ensures that the raw information is never exposed, even to the computing environment itself. It allows for secure processing of sensitive data without compromising its privacy.
Context
This technology is becoming increasingly vital for decentralized applications and cloud computing, where data privacy is paramount. Developments in encrypted execution, particularly in areas like fully homomorphic encryption, are frequently discussed in news concerning data security and the expansion of confidential computing capabilities. Its application is a key factor in enabling privacy-preserving smart contracts and secure data analytics on public ledgers.
The new Proof-of-Encryption consensus, powered by Threshold Encryption, cryptographically eliminates MEV by keeping transactions private until finality.
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