Research

DAO voters have long demanded permanent private voting. It’s now on Shutter’s roadmap. This post shares the architecture and a working POC showing how we’re extending threshold-encrypted voting with ElGamal-based homomorphic tallying - so votes are counted in the encrypted state and remain private.

We appreciate the thoughtful perspectives of the analysts at a16z Crypto on the limitations and potential of encrypted mempools in addressing MEV (Maximal Extractable Value). Their recent blog post raises valid points and highlights genuine challenges. That said, we see several key issues differently and offer a perspective informed by

Censorship resistance and decentralization are core to public blockchains, ensuring open, permissionless access. But in today’s world of bots, AI, and memecoin mania, these founding principles are too often forgotten.

Privacy-preserving computation is key to Web3’s future. This post explores cryptographic tools like FHE, MPC, and iO—and why trust in distributed committees, like Shutter’s Keypers, is essential for keeping data private and systems decentralized.

Is iO the holy grail of blockchain privacy? This article looks at the limitations of indistinguishability obfuscation, what it could unlock, why it matters, and if it could be a true alternative to trusted hardware.

The agentic future of finance isn’t coming—it’s already here. Platforms like Bankr, Nani, and others have made it easier than ever for crypto traders to execute transactions with just a simple command. No manual calculations, no navigating complex interfaces—just type and trade. But here’s the

We are excited to announce the release of "The Road Towards a Distributed Encrypted Mempool on Ethereum," a white paper that outlines an essential advancement in Ethereum's transaction infrastructure. This research is now available on the Ethresearch forum and presents a structured roadmap for implementing threshold

A Trusted Execution Environment (TEE) is a secure area within a processor that safeguards sensitive data and operations even if the main system is compromised. In blockchain applications, TEEs are increasingly used for privacy-preserving computations, decentralized oracles, secure random number generation, and mitigating Maximal Extractable Value (MEV). Building on this

Secret Sharing with Snitching solves the issue of shareholder collusion by making it provable and punishable.