Crypto privacy network Arcium has launched a mainnet alpha on Solana and is moving from a test environment to live operational infrastructure, The Block reported on Feb. 2 local time.
The launch opens a new design space for privacy-preserving applications, and Umbra is operating on the network as the first protocol, The Block reported.
Arcium called the move an important step in building encrypted capital markets on public blockchains.
Arcium operates as a decentralised network that computes fully encrypted data without trust. It supports development of privacy-preserving applications that remain verifiable and composable even on public blockchains. The use cases range from confidential DeFi to privacy-preserving AI, and encrypted transactions, lending and issuance are designed to take place without on-chain visibility, The Block reported.
Chief Executive Yannik Schrade (얀닉 슈라데) said, "Arcium makes privacy a broad design principle rather than a simple add-on feature." He added, "The goal is to go beyond hiding data and introduce an encrypted supercomputer."
Chi-gyu Hwang
delight@d-today.co.kr