Zama, a company born with the goal of developing specialized data security solutions for users, has raised up to $130M in funding rounds. So what is Zama? Let’s dive into this article.
What is Zama?
Zama is a company specializing in Fully Homomorphic Encryption (FHE), a technology that allows processing encrypted data without decryption, ensuring maximum privacy. The project focuses on building Zama Confidential Blockchain Protocol, a Crosschain solution that integrates FHE to create confidential smart contracts on EVM-compatible Blockchains such as Ethereum, Polygon and other Layer 2 chains.
This protocol allows for full encryption of transaction and state data, solving the limitation of public transparency of Blockchain, while supporting applications such as decentralized finance (DeFi), Onchain governance and asset tokenization.
Specialities of Zama
- FHE Technology: Zama provides an FHE solution that is 100x faster than previous versions, with post-quantum safety, ensuring against attacks from quantum computers.
- Crosschain Support: Zama allows deploying confidential smart contracts on any EVM-compatible Blockchain, providing flexibility and scalability.
- Developer-friendly tools: Solidity libraries and Javascript SDKs allow developers to easily build confidential applications without deep understanding of FHE.
- Optimal Performance: FHE co-processor networks handle complex calculations Offchain, ensuring high performance and transparent results through Onchain verification.
- Secure Key Management: Threshold Multi-Party Computation (MPC) system divides decryption keys among validator nodes, preventing risks from a single point of failure.
- Practical Applications: Supports use cases like anonymous payments, private auctions, and secure governance, opening up potential for DeFi and data management.
Core product of Zama
TFHE-rs
ZAMA's first open source tool is TFHE-rs. Built in the Rust programming language, TFHE-rs uses torus-related mathematical structures and formulas for its encryption process.
Features of this product include:
- Rust and C API: The library provides interfaces compatible with the Rust and C programming languages. This makes FHE more accessible and flexible for developers.
- Client-side WebAssembly API: This feature allows developers to run code for languages other than JavaScript directly in the browser, achieving the same speed as launching in a native environment.
- Resistance to quantum computers: TFHE-rs is resistant to quantum computers.
Concrete
Concrete is an open source framework that simplifies the process of creating FHE programs. Concrete includes the TFHE compiler, which translates regular programming source code into executable instructions that computers can run using FHE. With this product, programmers can write code in the usual way and only need to make small adjustments using Concrete to ensure their programs are fully encrypted.
Concrete ML
Concrete ML is an open-source framework for machine learning inference built on a combination of artificial intelligence (AI) and Fully Homomorphic Encryption (FHE). The value of Concrete ML lies in its ability to allow traditional data scientists and AI engineers to integrate FHE into their machine learning models without requiring deep knowledge of cryptography. These developers can continue to use the familiar tools they use, such as scikit-learn and PyTorch, because they integrate with ZAMA's open-source framework.
fhEVM
fhEVM is a protocol that allows developers to execute private smart contracts on-chain. This protocol ensures that smart contracts can still be combined, allowing interactions with each other while keeping on-chain data secure.
In addition, fhEVM integrates ZAMA's TFHE-rs library and the TFHE Solidity library. The TFHE Solidity library allows developers to compute on data encrypted in Solidity, a widely recognized programming language on the Ethereum blockchain.
fhEVM uses a global public key, allowing all protocol users to encrypt on-chain data using FHE. The main reason for this approach is that it allows multiple users to interact with each other using smart contracts with their private data
fhEVM uses asymmetric encryption, so there will be two different keys:
- Public Key: This key is stored publicly on the chain and used by all users to encrypt their data and perform calculations on the encrypted data.
- Private Key: This key is capable of decrypting data. It is not owned by any individual user but is distributed among validator nodes in the network. To decrypt data, several validator nodes must cooperate and approve this action.
$ZAMA Token Information
$ZAMA Key Metrics
Here is the information of $ZAMA
- Token Name: Zama
- Ticker: $ZAMA
- Token Type: TBA
- Total Supply: 1B $ZAMA
- Contract address (CA): TBA
$ZAMA Use Case
Currently, Zama has not announced any official use case of $ZAMA for the project. Whales Market will update immediately when the official Zama website announces.
$ZAMA Listing
Here are important details revealed to $ZAMA:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
Zama Tokenomics & Fundraising
Tokenomics
- Total Supply: 1B $ZAMA
- Token Allocations:
- Community Rewards: 30%
- Investors: 25%
- Treasury: 10%
- Team: 20%
- Others: 15%
Fundraising
Zama has raised successfully total of $130M in the funding rounds, led by Pantera Capital and Blockchange Ventures.
Zama Roadmap & Team
Roadmap
Currently, Zama has not announced any official roadmap for the project. Whales Market will update immediately when the official Zama website announces.
Team
Here is Zama team member:
- Rand Hindi: CEO
- Pascal Paillier: CTO
- Jeremy Bradley: COO
Conclusion
Zama balances privacy and programmability in Blockchain. Integrating FHE into EVM platforms expands the range of applications from finance to governance while ensuring data is not public. With a developer-friendly tool ecosystem and infrastructure designed for efficient off-chain processing, Zama is laying the foundation for the next generation of privacy-preserving dApps.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Zama?
The native token of Zama is $ZAMA, used to facilitate coordination across the ecosystem.
2. What is the price of Zama ($ZAMA) today?
While Zama ($ZAMA) hasn't been listed yet, users can trade $ZAMA pre-market on Whales Market before the TGE. Here you can trade $ZAMA before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
3.What is Zama ($ZAMA) pre-market price?
Currently, $ZAMA is trading on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
4. How much has Zama ($ZAMA) raised?
Zama has raised successfully total of $130M in the funding rounds, led by Pantera Capital and Blockchange Ventures.
5. What is $ZAMA allocation?
$ZAMA is distributed as follows: 30% for Community Rewards, 25% for Investors, 20% for Team, 10% for Treasury, and 15% for Others.
6. How can I trade $ZAMA before official listing?
You can buy or sell pre-TGE $ZAMA on Whales Market by creating or filling orders with collateral-based settlement.