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November 15, 2023

Nocturne: On-Chain Privacy for Ethereum

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

Nocturne, a protocol that enables on-chain private accounts, has successfully deployed version one to the Ethereum mainnet. This milestone represents a significant step towards a more private and accessible Ethereum.

Nocturne: On-Chain Privacy for Ethereum

A New Era of On-Chain Privacy

Nocturne version one introduces a compatible and user-friendly product that resembles a private on-chain account. Unlike traditional privacy tools, Nocturne functions seamlessly as another account, making on-chain privacy more accessible to users.

Enhanced Compatibility with DeFi Protocols

Nocturne version one is currently compatible with any DeFi protocol that represents state via output tokens. This includes popular protocols like Uniswap, Aave, and Compound. The compatibility will later be extended to arbitrary protocols, ensuring a wider range of options for users.

Privacy as a Fundamental Element

Luke Tchang, CEO and co-founder of Nocturne, emphasizes the importance of privacy at the account layer. By embedding privacy into the account itself, Nocturne aims to enable secure and private transactions for individuals and institutions alike. This commitment reflects Nocturne's dedication to making Ethereum more accessible and facilitating secure financial transactions over the internet.

Privacy: A Key Driver for Ethereum's Growth

Privacy concerns have hindered the broader acceptance and use of cryptocurrencies as money. Nocturne recognizes this barrier and addresses it head-on. By prioritizing privacy as a foundational element, Nocturne aims to drive the broader adoption of crypto and contribute to Ethereum's growth.

Nocturne's Future Vision

Nocturne's long-term vision is to seamlessly integrate private accounts into the Ethereum user experience. The goal is to create a parallel account layer for privacy, where every Ethereum user automatically has a private account that mirrors their public account.

To achieve this vision, Nocturne plans to:

  • Transition to a more permissionless protocol by migrating to proof of innocence.
  • Extend protocol compatibility to arbitrary smart contracts, making Nocturne accounts more versatile.
  • Improve compatibility with externally owned accounts (EOAs) and smart accounts, leveraging public wallet authorization for enhanced security.

Accessing Nocturne Version One

Nocturne version one is live and can be accessed through a dedicated private vault UI. The current UI capabilities include deposits, transfers to new burner addresses, private swaps, and staking. To get started, visit the Nocturne website.

About Nocturne Labs

Nocturne Labs is a forward-thinking blockchain technology company focused on addressing privacy and user experience challenges within the Ethereum ecosystem. With their pioneering protocol for private accounts, Nocturne enables users to transact safely with built-in privacy. Backed by notable investors and led by experienced developers, Nocturne is dedicated to making Ethereum more secure and accessible.

For more information, visit the Nocturne website.

About the author
Emily Tremblay
Emily Tremblay
About

Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

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