Exploring the Practical Applications of Blockchain in the Ethereum Virtual Machine (EVM)

[lelo03]

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How does the Ethereum Virtual Machine (EVM) facilitate decentralized applications (dApps) and what are some real-world examples of its use in enhancing trust and transparency?

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[DevJSter]

The Ethereum Virtual Machine (EVM) enables decentralized applications (dApps) by executing smart contracts, ensuring consistency across nodes. Examples include DeFi protocols like Uniswap and lending platforms such as Aave, demonstrating EVM's role in fostering trust and transparency through immutable blockchain technology.

How FHE will change the internet

When the internet first appeared, we accessed websites via an HTTP address. Nothing was encrypted, and anybody could listen to what you
sent online. Then came HTTPS, which encrypts data in transit. We believe FHE will enable a new internet protocol, HTTPZ, where everything is > encrypted end to end. Privacy wouldn't matter anymore, not because it isn't important, but because it would be guaranteed by design in the
internet itself.

How FHE will change the future

1. Preventive Medicine
2. Facial Recognition
3. Confidential Smart Contracts

[lelo03]

Are there any other alternatives of FHE in Web2

[DevJSter]

I must say Zero-Knowledge Proofs (ZKPs), Multi-Party Computation (MPC), Homomorphic Encryption (HE), Differential Privacy .
These technologies each address different aspects of privacy, security, and computation over sensitive data in Web2 contexts, offering alternatives or complements to Fully Homomorphic Encryption depending on specific use cases and requirements.

Hope this answers #128634 @lelo03

[lelo03]

Thanks @DevJSter

[ebndev]

Hey @lelo03 & @DevJSter, thanks for taking the time to post in Discussions. We appreciate you for being a part of the GitHub Community 😄