Silent Protocol, a leader in blockchain privacy technology, has announced its Ghost Layer, an innovative modular Layer 1.5 tailored for Ethereum (ETH), according to the information shared with Finbold on May 7.
The new release aims to deliver compliant privacy enhancements to public blockchains, catering to individual and institutional clients alike.
The launch also underscores Silent Protocol’s dedication to constructing a compliant and composable framework, allowing institutions to securely and privately leverage Ethereum.
Ghost Layer 0VM technology
By opening access channels to various execution layers, Ghost Layer allows for easy integration of existing applications into private workflows.
It leverages a zero-knowledge (ZK) based system in conjunction with its proprietary 0VM technology, which enables private asset storage and facilitates value transfers across different blockchains.
Novachrono, the founder of Silent Protocol, elaborated on the Ghost Layer’s role within the blockchain landscape, stating:
“If you create a ledger whose state is decided by the base ledger but the computation is stored elsewhere — you can call it a Layer 1.5.”
The strategic importance of Ghost Layer
Isa Sertkaya, Co-founder and CTO of Silent Protocol, highlights the strategic significance of the Ghost Layer:
“Rooted out of Ethereum and supporting Ethereum assets, the Ghost Layer achieves modularity not by capturing value vertically but by enabling horizontal composability across different chains.”
By implementing 0VM technology, the Ghost Layer advances system state while verifying updates and utilizing the base ledger for state validation through zksnarks.
Developers on various blockchains now also have the opportunity to transform their existing applications into privacy-preserving ones, known as 0dapps, while retaining the liquidity available on the mainnet.
Economical Zero Knowledge Execution Environment
In 2023, Silent Protocol introduced the Economical Zero Knowledge Execution Environment (EZEE), introducing a fully composable architecture supporting functional privacy.
This framework empowers developers to create apps without the constraints of isolated systems.
Additionally, Silent Protocol developed the Silent Compliance VM, a decentralized protocol that selectively reveals data to prevent misuse by malicious actors.