๐ใNocturne Labs is building private user accounts on Ethereum. Their goal is to increase the accessibility and utility of the Ethereum ecosystem by furthering the adoption of usable onchain privacy.ใ
๐ผ 1. Deep Dive into Nocturne's Design PhilosophyLuke talks about the 3 categories of privacy solution in the market: privacy cash, privacy L1 & L2, mixed solution. However, approaching through the account level, Nocturne aims to build parallel accounts for everyone who wants privacy.
๐ณ๏ธ 2. Product Feature- Receive/deposit funds anonymously- Earn yield on idle funds- Withdraw to fresh wallets for unlinked trading/transacting
๐ถโโ๏ธ3. Target User Group for Nocturne Retails and traders at the beginning
๐ 4. Regulatory & ComplianceCurrently, depositing is not a permissionless process. Nocturne is working on transitioning from a system that 'gate inflows' to one that operates on the principle of 'proof of innocence.' One that meets anti-money-laundering and sanctions requirements.
๐ป5. Fully Homomorphic Encryption (FHE)Luke thinks FHE is a different solution and can be combined to solve different problems. All solutions are not mutually exclusive.๐