Gate News bot message, on July 1st, the fully homomorphic encryption network Zama announced the launch of its public Testnet and released a simplified White Paper. The official reminder states that since the Testnet has not been audited, it is not suitable for production environments, and users are advised not to publish important or sensitive data on it. Production workloads should wait for the Mainnet to go live.
It is noteworthy that Zama completed a $57 million Series B funding round on June 26. This round was co-led by Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million and its valuation to over $1 billion, making it the first unicorn in the field of fully homomorphic encryption (FHE).
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