Glyff - A Privacy for smart-contracts and beyond

Today we live in an era of increasing surveillance of digital activity and the decline of the rights of ordinary citizens to privacy on the Internet. Every year, central governments introduce new laws to monitor digital activities and tighten existing ones. economic authorities also regularly monitor to identify tax evasion cases. In general, governments have already become impudent in the region, and under the threat of freedom, ordinary hard workers are being milked from death to death from generation to generation.

Bitcoin and other cryptocurrencies were conceived as a payment system independent of the states, capable of returning power to the people, created with the goal of decentralizing the financial system when market laws are responsible for pricing and pricing without the intervention of governing bodies. But with the increasing popularity of digital money, governments and law enforcement agencies around the world have begun to attempt to control public blockchains to track citizens' activities in order to collect taxes.

The future of blockchain technology is not yet predetermined, today our world is ruled by people from the past, but they do not like all sorts of innovations. Despite its tenth anniversary, the blockchain technology is still in its infancy, but the potential for its use is enormous. Recently, more and more companies, due to the undoubted advantages of this technology, are beginning to introduce it into their business models. Technologies are developing at a fast pace, and their implementation is hindered. It all reminds me of a Formula One car on a busy street, where traffic jams prevent me from accelerating in full.

Such decentralized ecosystems such as Ethereum promote the idea of launching user programs on the blockchain, but they lack transactional confidentiality, that is, all actions are immediately visible in the blockchain, preventing applications from maintaining the confidentiality of technology in conditions where secrecy is paramount, such as insurance contracts, trade shares, important transactions. As a result, there is an urgent need for technology to growth privacy. This was the reason for creating a project called Glyff .

What is Glyph?

Glyff is a decentralized platform that combines all the advantages of blockchain technology and advanced cryptography, the purpose of which is to create smart contracts with confidentiality and transfer of confidential assets.

Problem solving

Blockchain is one of the most important recent inventions, allowing businesses and individuals to instantly send data and information via the Internet without having to trust third parties. However, current solutions do not meet all confidentiality requirements, since all data and transaction volumes between the parties are open to the public, while most of the applications created — healthcare, finance, IoT — require that the details of their operations remain confidential and therefore not compatible with public systems. blockchain. Glyff solves all these problems.

How does Glyff work

Using unique developments and adding elements from the latest cryptographic advances to the proven Ethereum ecosystem, Glyff balances data privacy and transaction security with computational efficiency, ultimately providing an easily programmable, high-performance level of smart contracts to the level of application by any enterprise while preserving the basic principles of the blockchain. Glyff, like Ethereum, allows developing decentralized applications, but with a key difference: the ability to hide data from compute nodes. This allows developers to incorporate sensitive data into their smart contracts directly on the network without compromising security.

Safety guarantee

Glyff guarantees confidentiality in the chain by encrypting any data transmitted by users to the blockchain;
The manager regulates encrypted private input signals and guarantees the execution of the contract code itself;
There is also protection from an unscrupulous manager: although he can see all his personal data, he is not able to change the correct execution of a contract;
The platform is fully protected from all sorts of fraud and ensures that all parties can be held accountable and financially punished in case of any fraud.
Application development does not require any special programming knowledge; anyone can develop a confidential application even without knowledge of cryptography.

Token Information

Project Roadmap

Project Team

Conclusion

To summarize, I would like to say that the project seemed to me very worthy and interesting. Such projects are able to attract new followers to the cryptocurrency, increase the degree of confidence in the industry and bypassing the centralized structures to return power to the people. Glyff has an excellent and highly qualified team, which clearly follows its roadmap and will undoubtedly bring everything to the end. The company has good partners and excellent ratings. Technical details of the project can be read in Whitepepper.

Official resources of the Glyff project:

Website: https ://glyff.io /

Whitepaper: https ://glyff.io /files/glyff-wp.pdf

Telegram: https ://t.me /glyffcommunity

Twitter: https ://twitter.com /Glyff _io

Facebook: https ://www.facebook.com /Glyff-353989662044849/

ANN: https ://bitcointalk.org /index.php ?topic=5083318.0

Author Profile:

Bitcointalk Username: yousufatikbd

BitcoinTalk Profile: https ://bitcointalk.org /index.php ?action=profile;u=2443056

Ethereum Address: 0xd552f04b7adb5ef66b1c336bc0ae82aa0fca0f37

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