Blockchain technology has been gaining popularity in recent years due to its decentralized nature and the ability to secure transactions without the need for trust in third parties. However, one of the major challenges faced by blockchain is privacy.
The public nature of transactions on the blockchain means that anyone can see the details of a transaction, including the sender and receiver addresses, transaction amounts, and other information. This lack of privacy has made it difficult for blockchain to be used in certain applications where privacy is crucial.
Programmable Privacy platform by Ola
Ola is a Programmable Privacy platform based on Layer 2 and ZK-ZKVM, designed to bring controllable, optional privacy to Ethereum. Ola is a platform built by Sin7y Labs in 2022.
Ola aims to address the privacy challenges faced by blockchain by implementing a robust key management system, a UTXO-like account structure, and a constraint logic other than proof of programmability. Ola’s privacy design focuses on two aspects of user privacy: Identity Privacy and Data Privacy.
Ola’s key features include a General-Purpose Smart Contract Language based on the Instruction Set Architecture (ISA) for better programmability. The programmability in Ola is achieved using ZKVM, which allows for a higher level of language abstraction and programmability than DSL.
Ola aims to achieve the fastest ZKVM by utilizing a register-based VM design, an Algebraic RISC Instruction Set Architecture, and other techniques.
Learn more about the technical aspect.
Find the specific technical details in the whitepaper here.
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Author: Dirk van Haaster
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