Kyle Samani, partner at Multicoin Capital: More optimistic about FHE compared to TEE and ZKP.

According to Jinse Finance, on October 23, Kyle Samani, a partner at Multicoin Capital, posted on X to join the recent heated discussion in the crypto community about privacy, stating that assets are more important than privacy, and for 99% of people, the risk of fluctuation far outweighs the benefits of privacy. There are mainly three methods to achieve on-chain privacy: Trusted Execution Environment (TEE), zk-SNARKs (ZKP), and fully homomorphic encryption (FHE). When considering which method is optimal, three variables are important: A, permissionless; B, the ability to execute any Decentralized Finance; C, Algorithm + chip scalability. However, TEE does not work in permissionless environments, and B is precisely where ZKP fails. He cited the recently big pump privacy project Zcash as an example, stating that when you submit an anonymous Zcash transaction, this transaction is actually invisible and cannot interact with anyone else's assets, making DeFi impossible. FHE, on the other hand, allows computations on encrypted data, making privacy DeFi based on FHE straightforward. Therefore, he expressed that he is more optimistic about FHE.