Panama City, Panama, May 7th, 2024 (Chainwire) – Silent Protocol, a trailblazer in blockchain privacy technology, has announced the launch of Ghost Layer, a groundbreaking modular Layer 1.5 tailored for the Ethereum ecosystem. This innovative solution is crafted to deliver compliant privacy enhancements to public blockchains, catering to both retail and institutional needs.
Employing a zero-knowledge (ZK) based system alongside its proprietary 0VM technology, Ghost Layer enables private asset storage and facilitates bidirectional value transmission across diverse blockchains. Its capability to establish access channels to different execution layers ensures seamless integration of existing applications into private workflows.
Novachrono, the founder of Silent Protocol, elucidated the distinctive role of Ghost Layer in the blockchain landscape, stating, “By creating a ledger whose state is dictated by the base ledger while storing computation elsewhere, we define it as a Layer 1.5.” This strategic positioning amalgamates the resilience of base layer processing with heightened privacy and interoperability functionalities.
In 2023, Silent Protocol introduced EZEE, tackling the challenge of state denial and introducing a fully composable architecture conducive to functional privacy. This framework empowers developers to construct an ecosystem of applications devoid of the limitations imposed by isolated systems. Additionally, Silent Protocol has developed the Silent Compliance VM, a decentralized protocol designed to selectively disclose data to thwart misuse by malicious entities.
Isa Sertkaya, Co-founder and CTO of Silent Protocol, underscored the strategic advantage of Ghost Layer, stating, “Rooted in Ethereum and supporting Ethereum assets, Ghost Layer achieves modularity not by capturing value vertically but by fostering horizontal composability across diverse chains.”
The launch of Ghost Layer underscores Silent Protocol’s dedication to constructing a compliant and composable framework that empowers institutions to securely and privately harness Ethereum’s potential. Developers across multiple blockchains now have the opportunity to transform their existing applications into privacy-preserving platforms, referred to as 0dapps, while retaining the liquidity accessible on the mainnet.
