#美SEC促进加密资产创新监管框架 $ZAMA came up with something called fhEVM, which, simply put, encrypts the entire Ethereum Virtual Machine.

When you write smart contracts, the inputs, outputs, and on-chain states—everything is encrypted. After nodes finish running computations, they still have no idea what exactly you did. Just think about it: hiding positions in DeFi, hiding balances for stablecoins, hiding votes in voting, hiding bids in auctions... all these privacy scenarios that were previously unimaginable can now be achieved.

What’s even more impressive is that this system can already be deployed directly on any EVM-compatible chain, without reinventing the wheel. For privacy computing, someone has finally built solid infrastructure.