@@ -15,22 +15,27 @@ AvaCloud API documentation can be found [here](https://docs.avacloud.io/encrypte
1515
1616## Key features
1717
18- - ** Confidential Transactions** : User balances and transaction amounts remain completely hidden, ensuring financial privacy .
18+ - ** Confidential Transactions** : User balances and transaction amounts remain completely hidden, ensuring financial confidentiality .
1919
2020- ** Large Integers** : Efficiently handles large token amounts up to 251 bits (2^251), providing greater flexibility.
2121
2222- ** Client-Side Operations** : Users retain control, performing encryption, decryption, and zk-proof generation directly on their own devices.
2323
2424- ** Fully On-chain Nature** : Operates entirely on-chain without the need for relayers or off-chain actors.
2525
26- - ** Built-in Compliance** : Supports external auditors, to ensure regulatory compliance.
2726
28- - ** Dual-Mode Operation ** : Supports both standalone tokens and conversion of existing ERC-20 tokens .
27+ - ** Built-in Compliance ** : Supports external and rotatable auditors, ensuring regulatory compliance .
2928
30- - ** Zero-Knowledge Proofs** : Uses zk-SNARKs to validate transactions without revealing sensitive information.
29+
30+ - ** Dual-Mode Operation** : Supports both creating new private tokens and converting existing ERC-20 tokens their private versions.
31+
32+ - ** Zero-Knowledge Proofs** : Uses efficient zk-SNARKs to validate statements without revealing sensitive information.
3133
3234- ** Chain Agnostic** : Can be deployed on any EVM-compatible blockchain.
3335
36+ - ** (NEW) Encrypted Metadata** : Allows users to send arbitrary-length encrypted metadata along with transactions.
37+
38+
3439## Architecture
3540
3641The eERC protocol consists of several key components:
@@ -82,14 +87,13 @@ The eERC protocol consists of several key components:
8287
83881 . ** Standalone Mode** :
8489
85- - Creates entirely new private ERC-20 tokens
86- - Built-in privacy features
87- - Direct token operations
90+ - Creates entirely new private ERC-20 (eERC) tokens
91+ - Relies on minting and burning to manage token supply
92+ - Keeps total supply private all the time, offering better privacy compared to converter mode
8893
89942 . ** Converter Mode** :
90- - Adds privacy features to existing ERC-20 tokens
91- - Wraps existing ERC20 tokens
92- - Enables privacy through deposit/withdraw
95+ - Wraps existing ERC20 tokens to eERC tokens
96+ - Relies on deposits and withdrawals to manage token supply
9397 - Maintains compatibility with original tokens
9498
9599## File structure
@@ -344,7 +348,6 @@ snarkjs zkey verify <circuit_name>.r1cs powersOfTau28_hez_final_<Size>.ptau <cir
344348- For withdraw circuit => ` powersOfTau28_hez_final_14.ptau`
345349- For registration circuit => ` powersOfTau28_hez_final_11.ptau`
346350
347-
348351# # License
349352
350353This project is licensed under the Ecosystem License - see the LICENSE file for details.
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