Announcing the Launch of Nocturne v1 on Ethereum Mainnet
Nocturne, a protocol that enables on-chain private accounts, has announced the successful deployment of Nocturne v1 to Ethereum mainnet. This marks a significant milestone in the journey towards a more private and accessible Ethereum. For the first time, users will have a compatible and easy-to-use product resembling a private onchain account.
Nocturne v1: A Step Towards Compatible Onchain Privacy
Nocturne v1 is a step towards compatible onchain privacy that functions simply as another account rather than a distinct tool or ecosystem. Users will find transacting with Nocturne similar to using a smart contract wallet, with the added benefit of privacy. Nocturne v1 is currently out-of-the-box compatible with any DeFi protocol that represents state via output tokens (e.g. Uniswap swap tokens, Aave aTokens, Compound cTokens, etc). There are plans to later extend this compatibility to arbitrary protocols.
“With Nocturne v1’s launch, we’re moving away from the notion of a ‘privacy tool.’ Privacy should be embedded at the account layer and the v1 launch is the first step in making this possible,” said Luke Tchang, CEO and co-founder of Nocturne.
Nocturne is built on the belief that privacy on public blockchains will only become mainstream if it’s seamlessly integrated with the existing user experience. Nocturne’s objective is straightforward: to create private user accounts on L1/L2 that are fully compatible with existing Ethereum accounts.
Privacy: The Keystone for Ethereum’s Growth
Though DeFi and other onchain activities have surged in popularity, privacy concerns have prevented broader acceptance and use of crypto as money. Recognizing that the typical user may be uneasy with the idea of their financial dealings being public, and that institutions demand confidentiality for their transactions, Nocturne addresses these critical barriers head-on. Privacy isn’t just a feature—it’s foundational to the broader adoption of crypto.
Nocturne’s Future Vision
As they continue building new versions, Nocturne’s long-term vision is to make the experience so seamless that by default, every Ethereum user automatically has a private account which mirrors their public account. In short, a seamless parallel account layer for privacy.
- Transition to a more permissionless protocol by migrating to proof of innocence
- Bring Nocturne accounts closer to usable as general wallets by extending Nocturne’s protocol compatibility to arbitrary smart contracts
- Improve the compatibility of Nocturne accounts with EOAs and smart accounts through a scheme that allows for public wallet authorization to be leveraged within Nocturne for security
How To Access
Nocturne v1 is live and can be accessed through a dedicated private vault UI, allowing users to discreetly manage their assets. The current UI capabilities include deposits, transfers to new burner addresses, and private swaps and staking. To get started, visit app.nocturne.xyz.
About Nocturn Labs
Nocturn Labs is a forward-thinking blockchain technology company committed to addressing the most critical privacy and user experience challenges within the Ethereum ecosystem. With a pioneering protocol for private accounts, Nocturn enables users to transact safely with built-in privacy. Backed by notable investors such as Bain Capital Crypto, Polychain Capital, Bankless, and Vitalik, Nocturn is led by a team of experienced developers dedicated to enabling a more secure and accessible Ethereum. For more information, visit https://nocturnelabs.xyz/.
Hot Take: Embracing Privacy for Broader Crypto Adoption
The announcement of Nocturne v1’s deployment marks an important move towards integrating privacy into Ethereum’s user experience seamlessly. By prioritizing privacy as foundational to broader crypto adoption and ensuring compatibility with existing accounts and protocols, Noctrune paves the way for safer and more accessible transactions on public blockchains.
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