Nocturne Labs Launches Ethereum Solution for 'Default Privacy'.
17.11.2023
Nocturne Labs Launches Ethereum Solution for 'Default Privacy'

Nocturne Labs has released a new version of its protocol for anonymous transactions, incorporating the concept of confidential accounts within the Ethereum environment. This solution functions as an additional account rather than a separate application or ecosystem. Unlike other market solutions, Nocturne ensures privacy at the account level, utilizing a smart contract-based approach.

Nocturne is compatible with DeFi protocols that use "output tokens," such as aTokens from Aave and cTokens from Compound. In the future, the team plans to expand collaboration with other dapps to create confidential accounts at the L1 and L2 levels of the Ethereum ecosystem.

With the launch of Nocturne v1, the team moves away from the concept of a "privacy tool." According to CEO and co-founder Luke Chang, their goal is to enable everyone, from individual users to large organizations, to conduct transactions securely while maintaining the confidentiality of their financial data. The developers aim to ensure that every participant in the Ethereum network automatically receives a private account linked to their public account.

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