🚀 Ternoa Updates Roadmap With Key Developments in Privacy Project
#Ternoa #PrivacyProject #Layer2 #zkEVM #Ethereum #Testnet #KMS #EVM #PolygonCDK #CensorshipResistance #ETH
According to Odaily, privacy project Ternoa has released an update on its roadmap via X, highlighting significant progress in its Layer 2 (L2) testnet. The team is accelerating two crucial roadmap projects: compatibility with Key Management Service (KMS) and Ethereum Virtual Machine (EVM), and the development of a TEE Integrity Prover for L2 components such as browsers, wallets, and indexers.
In June, Ternoa announced the launch of its zkEVM+ testnet, a privacy-focused L2 solution for the Ethereum ecosystem. Built on Polygon CDK, zkEVM+ introduces censorship resistance through integrity proofs and native privacy features for Ethereum builders and users.#Ternoa #PrivacyProject #Layer2 #zkEVM #Ethereum #Testnet #KMS #EVM #PolygonCDK #CensorshipResistance #ETH
🚀 [DeFiUpdates] Zama's Staking Feature Launches on Mainnet
#DeFi #Zama #Staking #Mainnet #Cryptography #FHE #ProofOfStake #Tokens #KMS #Rewards #Encryption
Zama, a cryptography company specializing in Fully Homomorphic Encryption (FHE), has launched its staking feature on the mainnet. According to Foresight News, users who participated in Zama's public auction will be able to claim and stake their tokens starting February 2.
The Zama protocol utilizes a proof-of-stake mechanism, with operators divided into two categories: FHE nodes responsible for encrypted computation and Key Management System (KMS) nodes responsible for user threshold decryption. Currently, there are 18 operators, including 5 FHE nodes and 13 KMS nodes. In terms of reward distribution, FHE nodes receive 40% of the rewards, while KMS nodes receive 60%. Token holders can share in the rewards by staking their tokens with operators, with an unstaking period of 7 days.#DeFi #Zama #Staking #Mainnet #Cryptography #FHE #ProofOfStake #Tokens #KMS #Rewards #Encryption
🚀 Zama Introduces Network Staking Mechanism with DPoS Protocol
#Zama #NetworkStaking #DPoS #DelegatedProofOfStake #ZAMA #StakingRewards #KMS #FHE #InflationMechanism #Decentralization #Operators #Delegates #Staking #Unstaking
On February 2, Zama announced details about its network staking mechanism. According to BlockBeats, the Zama protocol utilizes a Delegated Proof of Stake (DPoS) system, allowing users and participants to delegate their ZAMA tokens to operators responsible for running the infrastructure. Currently, there are 18 active operators, including 13 Key Management Service (KMS) nodes and 5 Fully Homomorphic Encryption (FHE) coprocessors.
Staking rewards are derived from the protocol's inflation mechanism, with an annual inflation rate set at 5% of the total ZAMA supply initially. Of these rewards, 60% are allocated to KMS operators and their delegates, while 40% go to coprocessor operators and their delegates. The distribution is based on the square root of each operator's total staked amount, meaning delegating to smaller operators yields higher returns, promoting network decentralization.
Operators deduct a commission before distributing rewards to delegates, with a maximum cap of 20%. The remaining rewards are proportionally distributed among all delegates. Unstaking requires a 7-day unbinding period, although users can transfer or sell liquid staking certificates without waiting.#Zama #NetworkStaking #DPoS #DelegatedProofOfStake #ZAMA #StakingRewards #KMS #FHE #InflationMechanism #Decentralization #Operators #Delegates #Staking #Unstaking