Stanford Researchers Introduces Zether, Privacy Mechanism For Ethereum Smart Contract

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According to the paper, the team has developed “a fully-decentralized, confidential payment mechanism.” Dubbed as “Zether”, the mechanism is consistent with both Ethereum and other smart contract platforms. Reportedly, the new smart contract could be executed individually or by other smart contracts, that maintains encrypted account balances and would enable the deposit, transfer, and withdrawal of funds through cryptographic proofs.

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