Amid efforts to make transaction privacy simple, accessible, and multichain, a new privacy-first DeFi platform built on Aleph Zero’s infrastructure, Common, has announced the official launch of its web app today.
While the launch follows collaboration with the partner responsible for the operation of the Common Solution, the launch marks the first step in a larger rollout of Common’s ecosystem as it promises to provide users with shielded yield, smart yield, staking reward, multichain privacy, seamless private bridging, and enhanced fiat access and payments.
Common Web App to Offer Advanced Privacy and Speed
According to the announcement, the app has launched with subsecond proving times, which will allow users to shield their transaction history and trade privately across multiple blockchains in a fraction of a second. With the subsecond proving times performed directly on the device, Common delivers seamless privacy without the usual waiting periods or technical barriers.
Moreover, the Web App works with many popular wallets, such as MetaMask, Ledge, or Rabby, requiring no migration and allowing users to begin transacting immediately.
Featuring as a non-custodial and completely decentralized platform, Common is built on open-source, audited smart contracts that allow users to verify rather than trust the system. As such, it has deployed necessary infrastructures that enable it to adhere to core DeFi principles.
Adam Gagol, the co-founder of Aleph Zero and co-creator of Common Solution, commented on the development, saying;
“Privacy shouldn’t be a luxury in crypto. It should be the default…We’ve spent years building the technical foundation to make that possible, and with Common, we’re finally delivering it in a way that anyone can use, without plugins, without compromises, and without needing to trust a third party. Privacy becomes something you tap, not something you configure. This launch is just the beginning of building a truly private, multichain layer for web3.”
According to the announcement, Common’s mobile version will be available at the end of May. Hence, it will be the world’s first privacy-preserving mobile app in the crypto space that combines speed with ease of use.
Notably, the mobile app will offer the same privacy benefits in a mobile-native experience, including support for fiat on-ramps via Banxa and seamless connectivity to dApps.
While the platform initially supports Arbitrum and Aleph Zero’s EVM, it has disclosed plans to expand to additional chains, including Base and Ethereum, in the coming month, making it possible for users to protect their on-chain activity without relying on centralized exchanges.
Currently, the platform offers an intuitive interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayers, and zero-knowledge cryptography that enables private transactions across multiple blockchain networks.