AvaCloud Ushers in New Era of Blockchain Privacy with Acquisition of EtraPay and Launch of Privacy Suite

AvaCloud, the main managed blockchain service supplier, in the present day introduced a serious development in blockchain privateness with the acquisition of EtraPay and the launch of a brand new suite of privateness options. This step combines the strengths of private and non-private blockchains and unlocks unprecedented prospects for safe, non-public information alternate between totally different industries.

EtraPay brings to AvaCloud a group of famend specialists in privateness expertise and a groundbreaking encrypted token normal, the Encrypted ERC (eERC). This expertise, which makes use of superior cryptographic strategies resembling zero-knowledge proofs and homomorphic encryption, permits confidential transactions on Avalanche’s Layer 1 blockchains whereas sustaining full auditability.

“This can be a turning level for blockchain expertise. By combining the transparency of public blockchains with the confidentiality of personal programs, we allow corporations to unlock solely new use instances and obtain larger ranges of safety and compliance. That is the way forward for decentralized information alternate.” mentioned Nicholas Mussallem, CEO of AvaCloud.

This highly effective mixture of Avalanche’s public blockchain infrastructure and strong privateness instruments permits AvaCloud clients to:

• Conceal delicate information: Shield account balances, transaction quantities and person identities.
• Preserve compliance: Meet regulatory necessities whereas reaping the advantages of blockchain expertise with out sacrificing safety.
• Lengthen use instances: Allow new and extra strong functions in decentralized finance, tokenized belongings, provide chain administration and extra.

“We’re extremely happy with the applied sciences we’ve developed at EtraPay. Our privateness protocols characterize a breakthrough in blockchain expertise, particularly in the way in which they’re designed to be sensible from day one. By integrating them with the highly effective infrastructure of AvaCloud, we open We’re excited to see how AvaCloud clients can use this expertise to construct safe on-chain functions in methods not beforehand doable on every other blockchain platform.” added Furkan Boyraz, founding father of EtraPay.

The AvaCloud privateness suite is now accessible to all AvaCloud clients on testnet, with mainnet deployment to comply with within the coming weeks.

To study extra and discover the way forward for blockchain privateness with AvaCloud:

• Go to http://www.avacloud.io
• Contact AvaCloud at gross sales@avacloud.io

About AvaCloud

AvaCloud is a managed blockchain service that permits organizations to effortlessly construct, deploy, and scale high-performance decentralized layer one networks. AvaCloud presents a no-code platform, automated infrastructure and complete assist, permitting corporations to concentrate on innovation with out the complexity of blockchain administration.

About EtraPay

EtraPay is a number one supplier of privacy-enhancing applied sciences for blockchain networks. Their experience in superior cryptography permits confidential transactions and protects delicate information whereas sustaining the transparency and auditability of blockchain programs.

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