Common Launches Web App, Revolutionizing Crypto Privacy

Generated by AI AgentCoin World
Tuesday, Apr 29, 2025 9:38 am ET2min read
ETH--

Common, a new privacy-first decentralized finance (DeFi) platform, has launched its Web App, marking a significant milestone in the crypto space. Built on Aleph Zero's infrastructure, the platform aims to provide users with a simple, easy-to-use interface to shield their transaction history and trade privately across multiple blockchains in a fraction of a second. The mobile version of the app is expected to be released at the end of May, making it the world's first privacy-preserving mobile app in the crypto space that combines speed with ease of use. This launch is seen as a watershed moment for crypto mass adoption, as it supports Arbitrum and Aleph Zero's EVM initially, with plans to expand to additional chains, including Base and Ethereum, in the coming months.

The platform serves as the intuitiveLUNR-- interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayersRLAY--, and zero-knowledge cryptography that enables private transactions across multiple chains. This infrastructure allows users to protect their onchain activity without relying on centralized exchanges. The core feature of the platform is “Shielding,” which involves depositing tokens into a shielded pool to break the link between public wallet activity and future transactions. Users can later unshield by withdrawing to a fresh public address, maintaining privacy throughout. With subsecond proving times performed directly on the device, Common delivers seamless privacy without the usual waiting periods or technical barriers. Unlike other privacy solutions, Common does not commingle funds, preserving full provenance for compliance or auditing if needed.

Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc., emphasized the importance of privacy in crypto, stating, “Privacy shouldn’t be a luxury in crypto. It should be the default.” He highlighted that the platform has been built to make privacy accessible to anyone without the need for plugins, compromises, or trusting a third party. The launch of Common is seen as the beginning of building a truly private, multichain financial layer for web3.

The Common Web App is compatible with many popular wallets, such as MetaMask, Ledger (via Metamask), or Rabby, requiring no migration and allowing users to begin transacting immediately. The Mobile App will offer the same privacy benefits in a mobile-native experience, including fiat on-ramp support via Banxa and seamless dApp connectivity. As a non-custodial and completely decentralized platform, Common adheres to core DeFi principles. The entire platform is built on open-source, audited smart contracts, allowing users to verify rather than trust the system.

This launch is the first step in a larger rollout of Common’s ecosystem. Future features will include Shielded Yield, allowing users to earn yield on shielded assets through integrated strategies without exposing wallet activity. Smart Yield will offer automated strategies designed to optimize returns hands-free. Staking Rewards will align platform growth and user commitment by distributing a share of privacy fees and yield success fees to stakers. Multichain Privacy will extend privacy support to key EVM chains and emerging Layer-2 networks. Seamless Private Bridging will enable private asset transfers between supported blockchains, simplifying multi-chain management. Enhanced Fiat Access & Payments will streamline access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use.

For more information about Common and to apply for early access, users can visit the official website. Common is a privacy-first DeFi platform that makes financial privacy simple, accessible, and multichain. Built on Aleph Zero’s Shielder Network, Common offers both web and mobile applications that allow users to shield their assets, earn private yield, and transactTACT-- securely across multiple blockchains. With intuitive UX, fiat on-ramps, and non-custodial architecture, Common combines the ease of fintech with the values of decentralized finance, empowering users to take control of their on-chain privacy.

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