The Book of Ethereum 📘 booe.eth

Today we're launching EthSystems. We build confidential systems for institutional Ethereum. Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools. We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time. Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more. We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website. We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists. We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere. If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: join@ethsystems.org

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Yesterday was my last day at the Ethereum Foundation. Today we are launching EthSystems. We build confidential systems for institutional Ethereum. I've spent close to a decade building privacy infrastructure in crypto: p2p messaging at @ethstatus, developing Waku protocols at Vac (both now part of @logos_network), mobile proving tooling with @zkmopro, teaching zero-knowledge proofs with my zkintro primer, and advising @ethereumfndn on privacy and access layer strategy. Most of that was aimed at individuals. The past year at EF's Institutional Privacy Task Force (IPTF) we've been looking at privacy for institutions. On the surface this might seem different, but there are a lot of similarities. There's also a very strong market need for it, and the timing is right. I've written in the past about the tension and overlap between cypherpunks and institutions. Twitter is not exactly the best medium for nuance, but right now we are at a sensitive point in time: the defaults for the next generation of financial infrastructure are being set, with or without us. I believe we need cypherpunks in the room when that happens. Excited to start @eth_systems together with my co-founder @motypes and @_rymnc as part of the founding team. See quoted announcement thread for more details. x.com/eth_systems/st…

We are proud to make another Ethereum ecosystem investment to accelerate the institutional adoption supercycle. Building on our recent support for @ethlabs and @ethinsti, @eth_systems provides another critical piece of the puzzle for the new Ethereum era.

Sharplink has anchored the launch of @eth_systems, alongside @BitMNR and @ethereumjoseph, to build the technology that makes best-in-class privacy a standard on Ethereum. On a public ledger, the default is full exposure, which does not work for all financial institutions. That’s why this work is so critical. globenewswire.com/news-release/2…

Shutter Champions Melee 2 voting is live on @SnapshotLabs! Those who bought SHU May 21 - June 10 and held through July 10 now have voting power They must now decide: what's the best way to advance Shutter with $10,000? 👇

Bitmine is the lead investor in the launch of @eth_systems alongside @Sharplink @ethereumJoseph EthSystems is a for-profit company building confidential and private systems for institutions. Wall Street is building rails on Ethereum and EthSystems will be a key provider. The deep ecosystem of Ethereum just got even stronger. $ETH is money @fundstrat @BitMNR $BMNR ————————— In their words from EthSystems: - What we mean by "confidential systems for institutional Ethereum" - The institutional demand we've seen up close, and why the YOLO phase of crypto is over - Who we are, from Goldman Sachs and Status to the EF's Institutional Privacy Task Force - What we shipped this past year: private bonds, private stablecoin transfers, cross-chain DvP, shielded pools, the Ethereum Privacy Map - Why a for-profit company, and what an engagement looks like - How to work with us

Today we're launching EthSystems. We build confidential systems for institutional Ethereum. Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools. We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time. Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more. We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website. We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists. We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere. If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: join@ethsystems.org

Today we're launching EthSystems. We build confidential systems for institutional Ethereum. Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools. We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time. Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more. We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website. We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists. We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere. If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: join@ethsystems.org