Seismic, an emerging Blockchain developer, has succeeded in raising $ 7 million in a financing tour led by A16z Crypto, Web3 investment arm of Andrin Horwitz.
Other participants in the round of Polychain, 1KX, DAO5 and NGC included, indicating strong institutional support for the company’s task to implement the privacy on the series at the demand level.
Contrary to traditional privacy solutions that focus mainly on encryption at the portfolio level-deception balances and user identities-seismicism is a pioneer in the basic class approach to encryption at the level of application, with the aim of extending privacy through financial applications, social platforms, and the most interactions on the chain.
While the zero -ZKPS evidence has been widely adopted to verify the transactions without detecting sensitive data, it comes with restrictions on the ability to agree and quickly implement. Seismic tries to solve this efficiency by integrating encryption into the Blockchain foundation, creating a smooth environment for developers to build special applications without compromising efficiency.
A16Z bets on encryption
Investment highlights the increasing demand for Blockchain solutions that focus on privacy. According to A16z Crypto General Ali Yahya, most of the smart contract platforms that give privacy require users to create a zkps knowledge evidence locally before sending them to a central network.
The typical approach to building a special smart contract platform for customers includes the creation of zero knowledge of the correct implementation on their local system, then sharing these proofs with a central network. This approach can guarantee the right thing, but it impedes the ability to agree. All parties know that the state’s transfer function has been implemented properly, but the participants who only have a transparent condition can calculate it. This means that applications that include an account on the common special condition are impossible.
Yahya male This seismic takes a different approach, which already works in Devnet and enables new cases that were previously difficult to implement due to the possibility restrictions.
Seismic currently operates in Devnet, with plans to launch its Testnet developer within a month. The founder of Lyron Co Ting Keh stressed the necessity of encryption as an integral basis of Blockchain infrastructure instead of an additional layer.
Although the project is still in its early stages, the team committed to launch Mainnet at the end of the year, which is based on maintaining the current development. The new capital will be dedicated to expanding the engineering team for earthquakes, improving encryption protocols, and ensuring a smooth publication of its public network.
