How Inco Is Bringing Privacy Onchain using FHE
Welcome back to Eigenlayer Unlocked for episode 15. Today, we’re exploring a concept that has intrigued cryptographers for decades but is now edging closer to practical use onchain — Fully Homomorphic Encryption, or FHE. We had the pleasure of speaking with Remi Gai from Inco, who walked us through how FHE is making its mark in crypto. Just recently, they announced a partnership with Circle as well to use FHE with Circle's stablecoin offerings. Think of FHE as the ability to perform computations on encrypted data without ever decrypting it, its better than *just* using ZK or MPC. Inco’s universal confidential computing network is looking to tackle one of blockchain’s biggest features, yet at the same time one of the biggest challenges: overwhelming transparency. By allowing developers to build with encrypted types and perform private computations directly onchain, they’re opening up new opportunities for usecases which just won't have PMF in a truly open, transparent environment. Think about your mortgage details. Or you car loan. Or your bank account. The conversation also dove into the unique blend of FHE with Cosmos SDK and how dual-staking with EigenLayer could bring an additional layer of security and guarantees through restaked ETH. We discussed the low level network architecture to blending privacy, performance, and scalability in a way that keeps things transparent, yet confidential where needed. So whether you’re curious about private AMMs, secure payrolls, or even onchain gaming, this discussion will give you a fresh perspective on how FHE could be a core part of the future blockchain stack. Enjoy. 𝗘𝗶𝗴𝗲𝗻𝗟𝗮𝘆𝗲𝗿 𝗨𝗻𝗹𝗼𝗰𝗸𝗲𝗱 𝗶𝘀 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗲𝗱 𝗯𝘆 𝗔𝗹𝘁𝗟𝗮𝘆𝗲𝗿 𝗮𝗻𝗱 𝗣𝗼𝗹𝘆𝗺𝗲𝗿 𝗔𝗹𝘁𝗟𝗮𝘆𝗲𝗿 is an open and decentralized protocol that accelerates the launch of native and restaked rollups as well as AVSs. Our flagship product ‘restaked rollups’ has been an industry disruptor, unlocking the true value of rollups with enhanced security, decentralization, fast finality, and interoperability. AltLayer also recently launched the market’s first AVS-as-a-Service platform called “Wizard”- which templatizes AVS tools for convenience, hyper-accelerating their adoption and fast-tracking scalability for Web3. Follow AltLayer's Twitter: https://twitter.com/alt_layer and Join the Discord: https://discord.gg/altlayer 𝗣𝗼𝗹𝘆𝗺𝗲𝗿 is the first real-time interoperability solution that combines message passing and state streaming into an infinitely scalable network layer for the upcoming appchain meta. It can scale alongside L2 block times and leverage the security guarantees of connected rollups while offering re-org protection. Check it out here: https://www.polymerlabs.org/ 00:45 Introduction to FHE 09:32 Comparing FHE and ZK Proofs 15:48 Building on FHE: Usecases and Apps 18:40 Integrating FHE with Existing Blockchain Infra 24:31 Inco Network Architecture 27:57 Why Use EigenLayer? 38:07 Onchain Usecases of FHE Inco Network Website: https://www.inco.org/ Inco Network Socials: https://x.com/inconetwork Remi Gai Socials: https://x.com/remi_gai 𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝘄𝗵𝗶𝗹𝗲 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: Website: https://therollup.co/ Spotify: https://open.spotify.com/show/1P6ZeYd.. Podcast: https://therollup.co/category/podcast Follow us on X: https://www.x.com/therollupco Follow Rob on X: https://www.x.com/robbie_rollup Follow Andy on X: https://www.x.com/ayyyeandy Join our TG group: https://t.me/+8ARkR_YZixE5YjBh The Rollup Disclosures: https://therollup.co/the-rollup-discl . . . 𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴. #EigenLayer #FHE #IncoNetwork
Writing, Podcasts and Minting Base Colors — JAKE
JAKE is a pseudo anonymous internet creator. Going with the classic blue, colour code #0000FF as his pfp. Host at Pod Of Jake where he’s interviewed almost 200 guests over 4 years. Most recently Jacob from Zora and others such as Vitalik Buterin, pplpleasr and Mark Cuban. Writer at Blog of Jake, where he’s published about creativity and writing, documenting his experiences as a podcaster, observing what’s happening on the internet, reviewing crypto news, thinking about how to learn and build. JAKE is also the founder of Base Colors, a new onchain collection where you can mint unique colour codes on Base and give them a name, an interesting primitive which many people are starting to play around and experiment with. We talk about the benefits of writing online. Go behind the scenes experiences of hosting a podcast. Thoughts on the crypto scene, Bitcoin and pseudo anon identities on the internet, decentralized social like Farcaster, and thinking too much about Colors. ___ UFO Sponsor Resources ↑ Higher — https://www.aimhigher.net/ 🌐 International Meme Fund — https://imf.bz/ --- @jake @ufoclub.eth @hollins For more episodes, go to ufo.fm
Electronic Music Scenes — Sound Of Fractures
Jamie Reddington is an electronic music producer, consultant and lecturer from London who recently released his debut album Scenes. His music is shaped by hiphop, UK dance music and soul. Leaning into telling stories, with textures and samples captured from his phone, featuring the sound of his daughter’s heartbeat. The record was released as a co-creation. ‘Over 350 memories were submitted and turned into Scenes, capturing a moment in time. People stopped, took time out of their lives and engaged in a process that connected music and emotions.' We talk about the past, present and future of music on the internet. What's most interesting for artists right now? ___ UFO Sponsor Resources ↑ Higher — https://www.aimhigher.net/ 🌐 International Meme Fund — https://imf.bz/ --- @soundoffractures @ufoclub.eth @hollins For more episodes, go to ufo.fm
Exploring the Memecoin Supercycle with IMF — Gami, Clouted
Gami and Clouted are core contributors from International Meme Fund (IMF) and $MONEY. Their team believes it is now crucial to have native liquidity and financial infrastructure for the meme sector. They're both from Sydney and have shared interests in defi financial engineering, game theory and the memecoin phenomonen. We talk about financial nihilism. Memes as emergent properties of the internet. Why do some meme assets succeed when the vast majority fail? How do you choose the tokens that go up? (no financial advice). The internet is stranger than you think.
Interpreting Technology with AIxDESIGN — Nadia Piet
Nadia Piet is Founder and Creative Lead of AIxDESIGN, a global community conducting critical AI research for the benefit of people, not profits. She's a designer, researcher, organiser and faculty member at ELISAVA's Design for Responsible AI. We talk about many things artificial intelligence. AlphaGO and Move 37. AI models trained on creative assets without permission. Commodification of digital life. What's causing the rapidly improving visual quality of generative AI such as DALL-E and Midjourney? Big picture, what are constructive ways to be thinking about AI?
A brief history of Ethereum hard forks
This episode is a brief history of Ethereum hard forks, from the early days of the Frontier thawing to the more recent Dencun upgrade. Sources: https://ethereum.org/en/history/
SEC Approves Trading For ETH ETFs
The SEC approves trading for ETH ETFs. Superstate launches a crypto carry fund. Optimism announces Retro Funding Round 5. And today marks 10 years since the Ethereum ICO. Read more: https://ethdaily.io/511
Onchain record labels with Coop Records
The inaugural episode of the Coop Records Podcast featuring the core team - Cooper, Ramie, Jake and Cece. We cover the origins of Coop Records and everything you need to know about running an onchain record label in 2024.
#172 - JESSE POLLAK
Jesse is the creator of Base, an Ethereum Layer 2 incubated by Coinbase, where Jesse has worked since 2017. Less than one year since its mainnet launch in August 2023, Base has quickly become the leading L2 by many metrics as of the time of this episode's release. Prior to Base, Jesse led all of Coinbase’s consumer-facing engineering from 2017 to 2021. Jesse originally joined Coinbase through the acquisition of Clef, a passwordless identity solutions company he started. Follow Jesse @jessepollak on both X and on Warpcast. 0:00 - Jesse’s story and path to Coinbase 7:02 - How a sabbatical led Jesse to build Base 13:30 - How Coinbase's culture enabled the creation of Base 16:48 - Taking iterative shots with a talented team 21:06 - The importance of persistence 26:27 - How Base's builder-focused culture came to be 29:05 - Navigating when to move fast and breaking things versus when to make decisions carefully and deliberately 34:46 - Why Jesse believes many L2s will be successful 43:19 - Coinbase Smart Wallet & Onchain Summer II For more episodes, go to podofjake.com. Previous guests include Mark Cuban, Vitalik Buterin, Brian Armstrong, Balaji Srinivasan, Keith Rabois, Ali Spagnola, Anthony Pompliano, Raoul Pal, Julia Galef, Jack Butcher, Tim Draper, and over 100 others alike. Learn from founders and CEOs of companies like OpenAI, Coinbase, Solana, Polygon, AngelList, Oura, and Replit, and investors from Founders Fund, a16z, Union Square Ventures, and many more. I appreciate your support and hope you enjoy. Thanks to Chase Devens for the show notes and Yiction for the music. Lastly, I love hearing from fans of the pod. Feel free to email me any time at jake@blogofjake.com. Thank you!
Alex Masmej Talks $DEGEN: Fueling Drakula's Growth and the Onchain Creator Economy
Join us in this episode as we sit down with Alex Masmej, the brain behind Drakula and a key player in the farcaster ecosystem. From his early days of conceptualizing Showtime as the 'Instagram of NFTs' to pioneering Drakula, Alex's journey is nothing short of remarkable. Drakula, now making waves as the 'TikTok of Web3', has seen an explosive start with over $30M in transactions in just two weeks, introducing a new and engaging way for fans to support video creators. Alex returns to the podcast to share the lessons learned from pivoting Showtime to creating Drakula, highlighting the strategic moves, go-to-market strategy, and the decision to adopt $DEGEN as the native currency of the app. I hope you enjoy our conversation and our genesis episode on Pods!
