Tacaco and Aztec: Revolutionary privacy started on Ethereum!

Tacaco and Aztec: Revolutionary privacy started on Ethereum!

In a remarkable collaboration, Taceo and the Aztec Foundation have announced that they develop a private shared state (PSS) on Ethereum. This innovative technology will enable several parties to verify transactions and contracts without revealing sensitive information or needing a central authority. The PSS system represents a significant further development compared to existing multi-party computing solutions (MPC) and focuses on the user-friendliness for developers, supported by Tacoo's conoir tool. According to [crypto.news] (https://crypto.news/taceo-and-aztec-to-bring-private-shared-state-to- ethereum/), Taco is characterized by its work in the field of encrypted iris scanning technology for WorldCoin and the largest MPC database.

Tacoo has announced that your system is equipped with post-quantum security and is based on information theoretically safe protocols. These technological achievements are the result of years of research that is already peer-reviewed, and the team plans to be subjected to external security tests. Lukas Helminger, CEO of Tacaco, emphasizes that PSS makes it possible to carry out any calculations on encrypted data and at the same time generate evidence of its correctness.

The structure of the private shared state

In contrast to existing solutions such as ZKMPC, which focus on one -time secure calculations, PSS enables common maintenance and calculation via a permanently private condition. This is achieved through the combination of Tacaco's common calculation skills with Aztecs Privacy-First Layer 2 on Ethereum. PSS creates a persistent state that is only accessible to authorized persons.

A central feature of PSS is the ability that several users can work together on encrypted data records. This significantly expands the possibilities for developers to carry out complex and collaborative calculations. Aztec developers are equipped with improved tools, which facilitates the development of innovative applications.

Potential applications of the PSS

The possible uses for PSS are diverse. Possible applications include trustless financial markets, the training of cooperative AI models, fraud-free on-chain games and data upperity systems. Helminger gives specific examples and emphasizes the importance of PSS for the future of data protection -friendly computing.

In its approach, Tacaco differs significantly from other projects, such as Nucypher, which focus on Threshold cryptography. Tacos PSS offers an active, divisible private state that can be detected by on-chain evidence. According to Helminger, the system is designed in such a way that confidentiality remains preserved even if the threshold is not exceeded to colluding nodes.

In conclusion, it can be said that the private shared state (PSS) from Tacaco and Aztec is a pioneering step in the development of safe and private blockchain technologies, which not only expands the possibilities for developers, but also could also enable numerous new applications in the field of protected data exchange.