The ticker is $ZAMA
Blog post from Zama
In the past decade, internet traffic encryption has surged from 10% to 95%, yet blockchain technology lags behind, with all transactions remaining publicly visible—a transparency issue that Zama aims to resolve. Utilizing Fully Homomorphic Encryption (FHE), Zama enables smart contracts to compute on encrypted data, maintaining privacy while ensuring blockchains remain verifiable and decentralized. Built on Ethereum and other EVM chains, Zama allows tokens to become confidential without changing chains, akin to upgrading from HTTP to HTTPS. Founded by cryptography and privacy experts, the company has made significant strides since 2020, and its protocol is already operational on the mainnet, supporting more transactions per second than Ethereum itself. The Zama Public Auction, a confidential sealed-bid Dutch auction, showcases their technology, offering a fair, efficient token distribution method. The $ZAMA token powers the protocol, rewarding operators and aligning incentives to make Zama the standard privacy layer for blockchains, with a vision of encrypted transactions becoming ubiquitous, similar to HTTPS in web traffic.