FHEVM stands for Fully Homomorphic Encryption Virtual Machine, representing a computational environment designed to execute smart contracts using fully homomorphic encryption. This advanced cryptographic system permits arbitrary computations on encrypted data without requiring decryption at any point. The FHEVM aims to bring complete data privacy to on-chain operations.
Context
The emergence of FHEVM is a significant development in blockchain technology, addressing the long-standing challenge of data privacy on public ledgers. News reports often highlight its potential to enable new classes of decentralized applications that handle sensitive information, such as confidential voting or private financial transactions. This technology is viewed as a critical step towards more secure and private digital asset interactions.
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