Pantera and Blockchange are leading the funding round for Zama, with a valuation of 1 billion USD.

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The Zama Confidential Blockchain Protocol – focused on privacy – has successfully raised 57 million USD in its Series B funding round, achieving a valuation of over 1 billion USD. The funding round was led by Pantera Capital and Blockchange, occurring just before Zama announced that its testnet will launch on July 1.

Zama is a cross-chain security layer that allows the deployment of "secure smart contracts" on existing blockchains without revealing data, even to operating nodes. The protocol employs homomorphic encryption technology (FHE), along with MPC and lightweight ZK, to maintain maximum privacy.

Currently, Zama processes about 20 transactions per second, but it is expected to scale up to over 10,000 tps thanks to dedicated acceleration chips. The protocol supports programming in Solidity, Python and aims to expand from the EVM ecosystem to Solana.

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