ChainCatcher news, reported by Chainwire, the scalable privacy layer Silent Protocol has launched a modular L1.5 Ghost Layer on Ethereum. This solution aims to provide compliant privacy enhancements for public blockchains, suitable for both retail and institutional applications.Silent states that the Ghost Layer utilizes a zero-knowledge (ZK) based system and its proprietary 0VM technology. The implementation of 0VM technology allows the Ghost Layer to advance the system state while verifying updates and leveraging the underlying ledger for state validation through zk-SNARKs.

ChainCatcher news, the DeFi privacy protocol Silent Protocol announced the completion of a $5 million funding round, led by Sora Ventures. This round of funding will be used to expand its network to build a secure layer for its applications that complies with the EU MiCA regulations, facilitating its collaboration with traditional institutions.It is reported that Silent Protocol was launched in 2021, primarily to develop scalable privacy layers for existing applications, allowing current decentralized applications to maintain liquidity and scale using zk solutions. (Source link)