Both projects focus on privacy, let's analyze the differences between Beldex and Zama. In fact, @BeldexCoin and Zama represent two paths in the development of privacy blockchain. Different positioning Beldex is an independent Layer 1 privacy public chain that provides an end-to-end privacy ecosystem, including full-stack products such as transactions, communications, browsers, and wallets, allowing users to use them directly without technical barriers. Zama, on the other hand, is a cross-chain cryptographic infrastructure company that focuses on fully homomorphic encryption (FHE), providing developers with privacy computing tools (TFHE-rs, Concrete, FHEVM), which can only reach end users after being integrated by other chains or projects. Different products @BeldexCoin has been operating for 7 years, with 2,051 active master nodes, processing about 16,000 transactions daily (90% of which are privacy transactions), and supports products like BChat, BelNet, browser, wallet, and BNS domain names, forming a practical privacy lifestyle. It collaborates with merchants (such as ivendPay, Uquid) to support global payments and e-commerce applications, and keeps users active through community activities. Its privacy features are based on ring signatures, stealth addresses, RingCT, and Bulletproofs++, with privacy being the default mode, similar to Monero. The PoS mechanism and cross-chain bridging further enhance efficiency and scalability. In contrast, @zama_fhe is still in the testnet phase, with the mainnet planned to launch in Q4 2025. Its advantage lies in providing a programmable privacy computing layer that supports post-quantum security and optional privacy at the smart contract level. Currently, it has attracted over 5,000 developers, with ecosystem partners including Fhenix, Inco, OpenZeppelin, and backing from venture capital firms like Multicoin and Pantera, with a valuation exceeding $1 billion. Its FHE technology has advantages in general computing and post-quantum security, but has high performance overhead (starting at 20 TPS), relying on hardware acceleration and future optimizations. In summary, @BeldexCoin has formed a mature commercial ecosystem, providing ready-to-use privacy tools for individuals and organizations, emphasizing practicality and user-friendliness, while Zama focuses on developers, offering cutting-edge FHE privacy computing infrastructure, representing more future potential and technological breakthroughs. One is a public chain, the other is an infrastructure setup; the former is suitable for users seeking an immediately usable, complete privacy experience, while the latter targets developers and institutions willing to take early risks and optimistic about the long-term value of cryptographic computing. #ZamaCreatorProgram #FHE