Eigen Network: Where Smart Contract Becomes Private

Eigen Network
2 min readJun 1, 2021

What is Eigen Network?

We build a native bridge to enable the user in web 2 to migrate their own data/assets to web3 without any concerns of privacy breaches.

There is no product that protects the privacy of the state in the Smart Contract in EVM ecosystem, this leads to the bad adoption of smart contracts to support traditional transactions and business.

Eigen Network aims to build a privacy-focused zkVM and be highly compatible with Solidity to deliver privacy and developing experience for the developers in the EVM ecosystem.

Eigen Network creates a layered proof system with constant proof size and non-trust setup,, and extends the zkVM with a private standard template library to support privacy-preserving computation, and builds a zkzkRollup as a privacy layer for web3.0.

The core features include:

  1. Scalability: Eigen zkVM is compatible with Solidity Bytecode and the verifier can be deployed on Ethereum/Polygon/BSC. It builds a layered proof system with FRI and KZG to achieve faster proof generation, constant proof size, and low on-chain verification costs.
  2. General privacy-preserving computation: provide general ZK standard library, including AES, ECDSA, SHA256, and ZK random.
  3. Secure: leverages Layer 1’s consensus to reach the transaction’s finality and uses a decentralized sequencer with fast chained-BFT to reach the consensus of the final transaction.
  4. Developer Experience: highly EVM-equivalence, auto transpilation from Solidity Smart Contract to our assembly for arithmetization.

The latest updates can be found here: https://gitcoin.co/grants/7255/eigen-network. The demo video is here.

Partnership

And we build partnerships with Metis, Findora, zkPaas, Legal DAO, and Asymmetries Technologies (for private and decentralized smart finance), DB3 etc. We get the grant from Polygon and Findora.

Eigen team

Most members come from Australia and China and graduated from Peking University, Tsinghua University, Beihang University, and Swinburne University of Technology.

Stephen, the founder of Eigen Network, has 8 years R&D experience in Blockchain and privacy-preserving computation, co-founder of Baidu blockchain. Master of Peking University.

Lynn, Ph.D. in Cryptography, research on public key cryptography and zero-knowledge proofs; Published more than ten papers in blockchain and cryptography. Worked for Huobi Labs.

Weber, chief software engineer, with a rich experience in the research and development of transaction systems. Master of Tsinghua University.

Qin, Cryptography Researcher Research Scientist at CSIRO Data61, PhD of Swinburne University of Technology, research mainly covers the techniques from applied cryptography and distributed computing systems

Jango, Core Software Engineer, Background in cryptography research and development; Master of Peking University.

The Eigen team welcomes financial, cryptography, and blockchain-related partners to follow us! We will discuss and solve the most urgent problems in the current financial industry with technologies and solutions to jointly realize our vision: to build an end-to-end private computing network and provide privacy infrastructure in the era of the digital economy.

Follow us👇👇👇

Eigen Website: https://eigen.cash

Twitter: https://twitter.com/Eigen_Network

Telegram: https://t.me/Eigen_Network

GitHub: https://github.com/0xEigenLabs

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