The Nocturne Labs startup launched the mainnet of an anonymous-transaction protocol, implementing the concept of private accounts within the Ethereum ecosystem.
Nocturne v1 is now live on mainnet ? the private vault UI is accessible at https://t.co/bDN4zxs1fH pic.twitter.com/4CaAcilAgY
— Nocturne (@nocturne_xyz) November 15, 2023
According to the developers, the new solution functions as another account rather than as a standalone tool or ecosystem. Unlike market analogues, Nocturne “integrates privacy directly at the account level,” working similarly to wallet built on smart contracts.
Nocturne is compatible with any DeFi protocol that represents state via “outbound tokens” like aTokens from Aave and cTokens from Compound, the project representatives emphasised. Over time the team plans to expand interoperability with other types of dapps to create private accounts at L1 and L2 of the Ethereum ecosystem.
\n“With the launch of Nocturne v1, we are moving away from the notion of a ‘privacy tool’. Privacy should be built into the account level. The v1 implementation is the first step towards making this possible. … Our goal is that everyone, from individual users to large organisations, can transact securely without exposing their financial history to the world,” said Luke Chang, CEO and co-founder of the startup.
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The developers aim to ensure that “every participant in the Ethereum network automatically receives a private account that reflects their public account.”
Earlier in October, Nocturne Labs closed a seed round of $6 million with the participation of Vitalik Buterin, co-founder of the second-largest cryptocurrency by market capitalisation.