Web3 infrastructure development firm COTI announced the successful demonstration of garbled circuits on the blockchain. Garbled circuits bring on-chain privacy with a computation speed up to 1,000 times faster than other encryption systems like fully homomorphic encryption (FHE) The digital fintech platform said deploying the new encryption system creates a Web3 environment, allowing users access to on- chain immutability while maintaining complete privacy. This feat has never been accomplished in a scalable way, the firm said.
Source: Mandy Williams, 2024-02-21; https://cryptopotato.com/coti-successfully-deploys-garbled-circuits-on-blockchain-ahead-of-v2-launch/