Enphyr is a Layer 2 solution built on top of the existing ETH Blockchain. Enphyr is designed to address the challenges of data privacy, data tokenization and KYC (Know Your Customer) verification. The protocol utilizes a combination of zero-knowledge proofs (ZKPs), homomorphic encryption (HE), and secure multi-party computation (MPC) to enable users to prove their identity, tokenize their data and meet KYC requirements without revealing their sensitive personal data. The protocol also allows for the selective sharing of data between parties, while ensuring that the data remains confidential and tamper-proof.

December 13, 2023, Enphyr, a Layer 2 solution that is built on the Ethereum network, has secured a $1 million in seed funding round at a $10 million valuation.Waveslab Ventures led the round, with participation from numerous prominent private investors, who have backed and contributed to the advancement of numerous projects and innovation across the crypto space.

Enphyr

Enphyr is a Layer 2 solution built on top of the existing ETH Blockchain

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Onchain Highlight DEFINITION: Exchange Net Positon Change by Glassnode is the 30-day change in the supply held in exchange wallets. Bitcoin’s exchange net position change has been experiencing notable fluctuations, influenced by various market factors. According to Glassnode data, the significant outflows from Bitcoin exchanges in 2023 have reversed in recent months. The trend of […]
The post Consistent Bitcoin exodus from exchanges highlights investor confidence appeared first on CryptoSlate.

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Consistent Bitcoin exodus from exchanges highlights investor confidence