November 15, 2023 – New York, United States
Nocturne a protocol enabling on-chain private accounts today announced the successful deployment of Nocturne version one to Ethereum mainnet.
This marks a significant milestone in the journey towards a more private and accessible Ethereum.
For the first time, users will have a compatible and easy-to-use product resembling a private on-chain account.
Nocturne version one is a step towards compatible on-chain privacy that functions simply as another account rather than a distinct tool or ecosystem.
Users will find transacting with Nocturne similar to using a smart contract wallet, with the added benefit of privacy.
Nocturne version one is currently out-of-the-box compatible with any DeFi protocol that represents state via output tokense.g., Uniswap swap tokens, Aave aTokens, Compound cTokens and more.
There are plans to later extend this compatibility to arbitrary protocols.
Luke Tchang, CEO and co-founder of Nocturne, said,
“With Nocturne version one’s launch, we’re moving away from the notion of a ‘privacy tool.’ Privacy should be embedded at the account layer, and the version one launch is the first step in making this possible.
“Our goal is to ensure that everyonefrom individual users to large institutions can transact securely without exposing their financial history to the world. This is more than a product it’s a commitment to making Ethereum more accessible and enabling secure and private money over the internet.”
Nocturne is built on the belief that privacy on public blockchains will only become mainstream if it’s seamlessly integrated with the existing user experience.
Nocturne’s objective is straightforwardto create private user accounts on layer ones and layer twos that are fully compatible with existing Ethereum accounts.
To read more about private accounts, please see Nocturne’s recent blog post.
Privacyhe keystone for Ethereum’s growth
Though DeFi and other on-chain activities have surged in popularity, privacy concerns have prevented broader acceptance and use of crypto as money.
Recognizing that the typical user may be uneasy with the idea of their financial dealings being public, and that institutions demand confidentiality for their transactions, Nocturne addresses these critical barriers head-on.
Privacy isn’t just a featureit’s foundational to the broader adoption of crypto.
Nocturne’s future vision