Celo Foundation reposted this
With Nightfall on Celo, businesses may help protect sensitive information while potentially benefiting significantly from the reduced cycle time, inventory required, and administrative costs. As an L2, Celo is positioned to accelerate enterprise adoption as a battle-tested chain facilitating hundreds of thousands of payments and transactions daily for real world asset users globally. When we started the investment on nightfall and decided to make it a public domain open source technology, this is exactly the kind of adoption we wanted to see. You really can just do stuff. And yes, the best testnet is live. Build.
The Celo Foundation is excited to announce the launch of Nightfall, an open-source zero-knowledge privacy layer built by EY, now live as a Layer 3 on the Celo network. This marks the first payments-focused blockchain deployment of Nightfall, extending Celo’s reach from consumer and P2P transactions to enterprise B2B payments—a sector projected to surpass $180T in cross-border flows. Nightfall leverages zero-knowledge proofs and ZK-ZK rollups to enable private, auditable transactions across multiple token standards at a fraction of conventional costs. By bringing confidentiality to public blockchain infrastructure, it unlocks new possibilities for B2B payments, supply chain finance, and other enterprise use cases where privacy and efficiency are critical. "Deploying Nightfall on Celo brings enterprise-grade privacy to the same mobile-first infrastructure that already supports millions of users globally," said Rene Reinsberg, Celo Co-Founder and Celo Foundation President. "With this Layer 3, Celo now offers a comprehensive solution for both individual and institutional payment needs in markets underserved by traditional financial infrastructure.” Nightfall on Celo is live on testnet today. Explore resources here: https://lnkd.in/eehy9kNb For more information, read the Celo Foundation’s blog post: https://lnkd.in/edye_naB