Glyff - Privacy preserving smart contracts and beyond
Glyff Breif history & introduction:
Today we live in an era of increasing oversight of digital activities and a decrease in ordinary citizens’ rights to privacy on the Internet. Every year, the central government introduces new laws to monitor digital activities and tighten existing ones. Financial authorities also regularly monitor to identify tax evasion cases.
Bitcoin and other cryptocurrency are structured as independent payment systems from states, which are able to restore power to society, created with the aim of decentralizing the financial system when market laws are responsible for pricing and pricing without intervention from government agencies. But with the growing popularity of digital money, governments and law enforcement agencies around the world have begun trying to control public blockchains to track people’s activities to collect taxes.
Decentralized ecosystems such as Ethereum promote the idea of launching user programs on the blockchain, but they do not have transactional confidentiality, that is, all actions are immediately visible on the blockchain, preventing applications from maintaining confidentiality technology in conditions where privacy is paramount to stocks, important transactions. As a result, there is an urgent need for technology to increase privacy. This is the reason for creating a project called Glyff.
Bitcoin and other cryptocurrency are structured as independent payment systems from states, which are able to restore power to society, created with the aim of decentralizing the financial system when market laws are responsible for pricing and pricing without intervention from government agencies. But with the growing popularity of digital money, governments and law enforcement agencies around the world have begun trying to control public blockchains to track people’s activities to collect taxes.
How does it work ?
Adding elements from latest cryptographic breakthroughs to the Ethereum proven design, Glyff balances data privacy and transactional security with computational efficiency, ultimately delivering an easily programmable, high throughput smart contract settlement layer up to enterprise level while enforcing the core principles of the blockchain. Glyff, like Ethereum, allows development of decentralized applications, but with a key difference : the ability of concealing data from the computing nodes. This enables developers to include sensitive data in their smart-contracts, directly on-chain, without compromise on security
The problem
The blockchain is one of the most important recent inventions, enabling business and individuals to instantly send money and information over the internet, without the need for trusted third parties. However, current modelling completely forgoes privacy, with the entirety of data and amounts transacted between parties exposed to the public, whilst most real-world applications – health, financial, IoT, etc – require details of their operations to remain undisclosed and are not compatible with a public blockchain system.
The blockchain is one of the most important recent inventions, enabling business and individuals to instantly send money and information over the internet, without the need for trusted third parties. However, current modelling completely forgoes privacy, with the entirety of data and amounts transacted between parties exposed to the public, whilst most real-world applications – health, financial, IoT, etc – require details of their operations to remain undisclosed and are not compatible with a public blockchain system.
Our Solution
We are also building a new generation decentralized platform that enables the transfer of safe value and intelligent contract execution, in complete confidentiality and with the assurance of strong truth. Glyff, like Ethereum, allows decentralized application development, but with the main difference: the ability to hide data from computational nodes. This allows developers to enter sensitive data in their smart contracts, connect directly, without compromising security.
We are also building a new generation decentralized platform that enables the transfer of safe value and intelligent contract execution, in complete confidentiality and with the assurance of strong truth. Glyff, like Ethereum, allows decentralized application development, but with the main difference: the ability to hide data from computational nodes. This allows developers to enter sensitive data in their smart contracts, connect directly, without compromising security.
Distribution
Pre-sale phase
ICO phase
Roadmap
Q2/3 2018
Research starts
Prototyping of MVP consensus node and wallet (Sprout)
Q3/4 2018
Consensus node and wallet (early release)
Private test-net launch
Q1/2 2019
Publication of the first whitepaper working draft (Sapling)
Token generation event
Development and code consolidation
Public test-net launch
Q2/3 2019
Programmable privacy
Security audit
Consensus node and wallet (stable release)
Q3/4 2019
Main-net launch
Developer toolchain and documentation
Mobile wallet (Android/iOS)
By using unique developments and adding elements of the latest cryptographic advancements to the proven Ethereum ecosystem, Glyff balances data privacy and transaction security with computational efficiency, ultimately providing a level of smart contract that is easily programmed and high performance to any application level by any company permanently maintain the basic principles of the chain. Glyff, like Ethereum, allows the development of decentralized applications, but with the main difference: the ability to hide data from computational nodes. This allows developers to enter sensitive data into their smart contracts directly on the network without compromising security.
We are building a new generation decentralized platform that enables the transfer of safe value and smart contract implementation, with complete confidentiality and with the assurance of strong truth. Glyff, like Ethereum, allows the development of decentralized applications, but with the main difference: the ability to hide data from computational nodes. This allows developers to enter sensitive data in their smart contracts, directly in the chain, without compromising security.
Personal cash transactions with the sender, recipient, and amount transferred are completely hidden. Guaranteed integrity and strong anonymity property with zero-knowledge cryptography. Provides a platform for the dissemination of cross-industry blockchain technology that meets real-world demands. Applications in Healthcare, Finance, IoT, e-Commerce, e-Governance will increase the social benefits of these sectors. Smart contract system that is easily programmed with advanced privacy features. Open source wallet application and cross platform developer framework.
Research starts
Prototyping of MVP consensus node and wallet (Sprout)
Consensus node and wallet (early release)
Private test-net launch
Publication of the first whitepaper working draft (Sapling)
Token generation event
Development and code consolidation
Public test-net launch
Programmable privacy
Security audit
Consensus node and wallet (stable release)
Main-net launch
Developer toolchain and documentation
Mobile wallet (Android/iOS)
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