🔍【Nocturne 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.】
💼 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.
🗳️ 2. Product Feature- Receive/deposit funds anonymously- Earn yield on idle funds- Withdraw to fresh wallets for unlinked trading/transacting
🚶‍♀️3. Target User Group for Nocturne Retails and traders at the beginning
🌍 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.
💻5. 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.😄