Zama Releases Public Testnet and Lite Paper

BlockBeats News, July 1st, Homomorphic Encryption Network Zama announced the release of its public testnet and a lite version of the whitepaper.

Zama's official statement mentioned that the public testnet has not been audited and is not suitable for production environments. Please do not deploy any critical or sensitive data. For production workloads, please await the mainnet release.

On June 26th, Zama completed a $57 million Series B funding round. This round was co-led by Blockchange Ventures and Pantera Capital. This funding round brings Zama's total capital raised to over $150 million, with a valuation of over $1 billion, making the company the first unicorn in the FHE space.