Arik Galansky (@arik_g) profile picture

CPO @zama | ex-@FireblocksHQ | Council Member @WalletConnect | Opinions are solely my own.

Joined January 2010
Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)Photo by Arik Galansky (@arik_g)
Stellar surprises anyone coming from outside. Years of focus on institutional users built a chain optimized for them, and the long-term trust they need. Today at @StellarOrg : talking with @tomerweller about the HTTPS moment for digital assets and Zama at the privacy frontier.
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Arik Galansky retweeted
Zama 🤝 Zerion Confidential Tokens are now available to users across Ethereum DeFi on Zerion read more ⬇️
Confidential tokens are now live in @zerion Wallet. Zerion users can manage confidential assets alongside their public holdings directly in the app, with confidential balances encrypted onchain. Read more: zama.org/post/confidential-t…
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Arik Galansky retweeted
Funny thing here - ANYONE can connect claude and ask about YOUR wallet balances, transactions, token transfers ENCRYPT THE MONEY
🆕 Claude Connector Connect Etherscan to @claudeai and ask about wallet balances, transactions, token transfers, and verified contracts across supported chains
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This is an important post
A few reflections on the lattice vs. hash-only debate that our recent Aerie post sparked: 1. Cryptographic ossification for blockchains was never safe. Until the day we know with certainty that P ≠ NP, that finding short vectors in lattices is intractable, that Keccak effectively behaves like a random oracle in deployed SNARKs, and that every single bug has been eliminated from our codebases, blockchains cannot ossify. That is simply not how safe systems are built. Issues will arise, and the system will have to respond. It’s a double standard to reject lattices because blockchains are hard to upgrade if lattices break, while counting on upgrades if AI breaks your hash function or finds a critical zkVM bug. The best counterargument is that hash-only designs are more agile: if your hash function breaks, just swap out the hash. But we must aspire to a higher level of agility than this. Indeed, as I cover next, if SNARK recursion itself turns out to degrade security, the proposed hash-only blockchain designs would need to be rethought from the ground up. 2. The real security debate is not lattices vs. hashes — it is lattices vs. building everything on SNARK recursion. That’s because “hash-only” is not really hash-only: it rests on hashes plus the soundness of deep SNARK recursion. Ethereum’s roadmap relies on exactly that: hash-based aggregation needs recursion to keep up with a slot’s worth of signatures, and EIP-8288 would send other signature schemes and users’ own proofs through the same recursive pipeline. In contrast, Aerie proves a slot’s worth of signatures on one laptop without any recursion. All deployed post-quantum SNARKs rely on the Random Oracle Methodology (via Fiat–Shamir) to establish their security. This is an idealization we know fails in the real world: we have explicit counterexamples where “SNARKs” coming out of this methodology are totally insecure when instantiated with any concrete hash function. We generally ignore these counterexamples in part because they only arise when proving contrived, self-referential statements about the very hash function used by the SNARK verifier. But proving statements about the verifier’s own hash function is the exact thing you do in SNARK recursion. That’s why the security of recursive SNARKs can’t be established even in the random oracle model. On top of that, the standard security proofs for recursion (in other models) suffer an “extractor runtime” blowup that is exponential in the recursion depth, suggesting that security may degrade as more recursion is applied. Yet Ethereum’s own EIP-8288 enables unlimited-depth recursion, even as it lists soundness of recursive SNARKs as a trust assumption. Proofs in more idealized models avoid the blowup, but they mainly tell us that an attack on SNARK recursion would have to exploit the concrete hash function, which is exactly what the Fiat–Shamir attacks above do. To be clear, we don’t know of any outright attacks on SNARK recursion, and I very much hope it is secure. But some of us who have studied the question have a lingering sense that an attack may be possible in some settings. And if AI is going to supercharge cryptanalysis, there is no reason to expect it to spare Fiat–Shamir for SNARKs, let alone SNARK recursion, both of which have had far less scrutiny than lattices. So, I do not concede that a “recursion everywhere” hash-only approach is clearly more conservative than one built on standard lattice assumptions. 3. “Just wrap everything in a hash-based SNARK” (like EIP-8288) faces challenges. Aggregating signatures and proofs off-chain into a single block-level proof is a powerful design independent of the hash-only vs. lattice debate, and I am not telling people to avoid it. But claiming, as Vitalik Buterin did this week, that users can run whatever cryptography they want locally and wrap it in a client-side leanVM proof glosses over major hurdles. For example, leanVM today is a minimal VM designed almost entirely to prove hash-based signatures and recursion, not general-purpose computation. And binary-field SNARKs like leanVM remain slow at proving the integer multiplications that lattice cryptography does en masse. I am optimistic that many of these zkVM challenges can be met (including via my own work, binary-field Twist and Shout, which are now implemented in Magnetar). But regardless, if lattices can make aggregation simpler and faster, then they should be leveraged. We need to be agile no matter what. 4. For chains whose reason for existence is privacy, I truly struggle to understand the pushback. Public-key encryption (and fast single-server PIR) cannot be built from hashes alone, at least not in any black-box way. If lattices break, it is going to be very, very hard for these chains to provide acceptable levels of privacy and functionality. For a project whose entire reason for existence is privacy, a loss of confidentiality is an existential failure. Next to that, a second signature upgrade (after the first one, from elliptic curves alone to, hopefully, a hybrid lattice scheme) is easy. Summary: We don’t know for sure what is secure and what isn’t. We are all weighing unquantifiable risks against each other, and we do not need to agree on a total order on them. But hash-only solutions face many open engineering challenges, and they are not more “conservative” in the way some have argued. Some of those challenges are entirely prosaic and have nothing to do with bugs or cryptography, like hardware support for custom schemes whose hash function is still undecided. I hope we can overcome those challenges within the appropriate timelines, but they must be acknowledged and portrayed realistically. Overall, cryptographic agility and defense in depth (e.g., hybrid signatures) are the answer, which is why we are building both lattice-Jolt and hash-Jolt. In practice, the positions are less polarized than social media discourse suggests: for example, StarkWare is working to make Falcon verification cheap (falcon.provably.fast/), which is great to see. Here is the (apparently) controversial take I am sticking to: Conditioned on agility, whenever lattices make systems simpler or more functional, we should embrace them rather than default to “hash-only” designs. Lattices are what the rest of the world will depend on, with decades of study and hardening behind them, and at the system level, less functional often means less secure. Where hash-only designs are just as simple and functional, by all means use them.
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Fireblocks is building the layer that connects many of the financial institutions that do meaningful operations on chain - and that needs privacy. Very excited for what is to come from the OTL protocol.
Zama joins the Open Transaction Layer (OTL) as a founding partner. OTL is an industry initiative building reference protocols for identity, messaging, and transaction coordination across institutions, unhosted wallets, and agents. Zama brings confidentiality to onchain transactions through FHE, keeping amounts and balances encrypted on public blockchains with full verifiability and programmable compliance. As a founding partner, Zama will help shape open standards for secure, compliant, and confidential onchain finance. Learn more: otl.network
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A couple of people mentioned to me that this is a solid approach for a bunker-mode situation cc @drakefjustin
A year ago I wrote up this idea of using STARK signatures to create a PQ onchain verification route on non-pq signatures - could not get anyone in EF interested in this approach. Very interesting to see EIP-8288 now practically fully enabling this (w. frame transactions)
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A year ago I wrote up this idea of using STARK signatures to create a PQ onchain verification route on non-pq signatures - could not get anyone in EF interested in this approach. Very interesting to see EIP-8288 now practically fully enabling this (w. frame transactions)
Replying to @lex_node
> we could still ultimately do Lattice stuff for accounts, wallets, etc. through a precompile if it is proved to be AI-secure The ideal route to support everyone's cryptography is imo through 8288. You make whatever signature you want locally, then STARK it, and then it gets included through the stark aggregator machine. Don't need any calldata onchain. Ethereum can then never add a new precompile again.
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The security guarentees will be 10X bigger if this fully supports non-pq signatures as well - allowing a wallet that already has a non-pq flow to provide onchain-pq-security without a core change in their infra.
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Arik Galansky retweeted
The case for lattices 👇
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100M on Zama powered vaults is amazing, confidential vaults taking a meaningful part of the total vault market was not in my bingo cards for 2026! Vaults are just better with privacy
A confidentiality milestone for onchain credit $100M+ is now earning yield from Morpho Vaults via @zama, with positions and earnings kept in confidence.
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Arik Galansky retweeted
Irene Patrikios (@crypto_irene), SVP BD and Partnerships at @zama, will take the stage at Vault Summit Singapore with the keynote: "Confidential Yield: Unlocking Institutional Onchain Finance". Full agenda: vaultsummit.xyz/agenda
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Arik Galansky retweeted
We’re at Privacy Summit 🇸🇬 Zama CPO @arik_g walks through how we’re building the HTTPS for blockchains with Fully Homomorphic Encryption (FHE) at Zama. Good gathering with people who truly care about onchain privacy.
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Arik Galansky retweeted
MILESTONE: The Zama Protocol Shielded TVL just passed $100M. Shield, send, deposit, earn, and swap confidential tokens at: app.zama.org
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1 metric, 4 dashboards, 4 different numbers This is the definition of pain
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A great event for people that are excited about the many privacy solutions that are out there.
Zama is the fastest growing protocol for Confidential Onchain Finance. We’re excited to welcome @arik_g, CPO at Zama, as a speaker at Privacy Summit 🇸🇬 Come to Singapore on October 7 for the biggest privacy event: luma.com/gbb4thfy
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Zama processed $415M in shielded volume YTD through Q2, with 10.9K wallets holding shielded assets. Its first $100M in shielded assets came from its own token sale, a sealed-bid Dutch auction with encrypted bids. Over $120M in USDT was shielded in 3 days. More in the report ⬇️
Public chains were built so anyone could check anything. Institutions noticed that included their balances, positions, and trades. Confidential DeFi is trying to hide the data and keep it verifiable. It has grown 170% in 18 months. A deep dive on @zama and encrypted settlement:
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Arik Galansky retweeted
.@zama has been making waves with the confidential vaults deployed earlier this month on @Morpho, now holding over $66M+ in confidential deposits. As a launch partner, our vaults have scaled to over $16M in deposits, offering ~13.31% APY (RWA USDC) and ~9.39% APY (USDC Yield). @bart_hillerich caught up with @randhindi and @analog_kyle to talk the launch, Zama's mission, and confidentiality as a rising tide that lifts all boats.
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Arik Galansky retweeted
"The Golden Rule of AI: Don’t use AI to save yourself time by wasting someone else’s." from @farnamstreet
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