Encifher

The primary goal of Encifher is to provide privacy in on-chain trading by encrypting transaction amounts, allowing users to execute trades confidentially while maintaining compliance through transparent addresses.

Users can participate by utilizing Encifher's platform for private trading, integrating its SDK into their DeFi protocols, or joining the community discussions on platforms like Telegram and Twitter.

Encifher differentiates itself by offering a balance between privacy and compliance, ensuring transaction amounts are confidential while addresses remain transparent for auditability. This approach addresses the need for privacy without compromising regulatory requirements.

Encifher employs trusted execution environments (TEE) and threshold decryption methods to ensure the security and confidentiality of transactions. Additionally, it performs pre-transaction checks to verify the legitimacy of users before executing transactions.

Potential risks include the reliance on TEE technology, which, if compromised, could affect transaction confidentiality. However, Encifher's design aims to mitigate such risks by maintaining transparency of addresses and implementing robust security measures.