The privacy-focused cryptocurrency has recently advanced in price, prompting many blockchains to integrate the token into their ecosystems.
On October 16, Solana, the world’s second largest contract platform, The wrapped ZEC was launched through the Zolana Bridge. However, wrapped tokens function as standard Solana Program Library (SPL) tokens and do not offer the privacy protections inherent in native ZCASH. They are backed 1:1 by native ZEC but do not hide balance or transaction data.
Encifher addresses this limitation by rewrapping tokens into encrypted assets Like EZEC, enabling private, encrypted swaps in Solana via cutting-edge fully homomorphic encryption (FHE). This technology ensures that sensitive transaction information remains hidden, restoring ZEC’s native privacy to Solana’s fast network.
“To make ZEC truly private in Solana, it must be re-wrapped in encrypted assets like Ezec, where balances and transfers are hidden, but composable with Solana Defi. That is how the original vision of ZEC, privacy at the asset level, can live in Solana,” encifher’s social media handle Encrypto.trade said in a post in X.
Encifher uses strong encryption to hide user balances and transfer details on chain. Transactions are secured and verified through zero-knowledge proofs, while sensitive data remains accessible only to authorized parties using threshold decryption protocols.
This method encrypts client balances with threshold elgamal encryption and stores the encrypted data off-chain in a secure layer of data availability, while the Solana blockchain holds cryptographic pointers to these balances without revealing the actual values.
Think of eigama encryption as a treasure chest that opens only when a certain number of trusted friends come along with their own special keys. This means that no single friend can access the chest alone, ensuring added security.
The setup allows users to hold and transfer encrypted ZEC tokens in confidence, effectively transforming Solana’s public blockchain into a privacy-preserving environment that remains fully compatible with decentralized financial applications. The system prevents transaction linking and reuse by using ephemeral accounts that exist only for a transaction lifecycle, making third party analysis impossible.
So, with Encifher, Solana users get a way to regain ZEC’s original promise of asset-level privacy in a blockchain known for its speed and low cost, keeping the best of both worlds.
Encifher’s privacy features are implemented on top of Jupiter, Solana’s leading decentralized exchange, allowing users to trade encrypted tokens while maintaining their privacy.
ZEC price climbed 380% to $375 this month, Coindesk data shows. Every few observers.
