Okay, so you probably haven't heard of Garbled Circuits, and honestly, neither had we until recently. Forget the usual buzz around CBDCs and privacy on blockchain. This episode with Shahaf Bar-Geffen from COTI Network is actually legit. They're diving into some next-level stuff like garbled circuits and multi-party computation that could seriously change how private data works without getting hacked.Turns out, COTI Network is building a Layer 2 thing for Ethereum that's all about privacy and can talk to other blockchains. We're talking about how this could shake up global payments, DeFi, and even those CBDC things everyone's talking about.Shahaf drops some knowledge from his background in payments and security and breaks down how this privacy tech could be a game-changer for institutions and regular users. They get into the real challenges of privacy on public blockchains, the deal with zero-knowledge proofs, what happens when quantum computers show up, and how anyone can start building apps with these low-code tools.Seriously, this isn't your typical crypto bro talk. It's a deep dive into the future of secure and private blockchain tech that could actually be a big deal.Timestamp Breakdown:00:00 Intro to Encrypted Data and Gabo Circuits01:04 Welcome to the Block Fuel Podcast01:20 What's COTI All About?01:59 Why Payments and Privacy Matter04:19 The Privacy Problem and How to Fix It05:43 CBDCs and the Privacy Question07:05 What's Next for Privacy in Blockchain13:30 Picking and Choosing What You Share (Legally Speaking)15:47 How Garbled Circuits Work19:51 The Downsides of Zero Knowledge Proofs20:41 Why Trusting Secure Enclaves is Sketchy21:42 Looking at Fully Encrypted Data22:27 What's the Deal with GoBoard Circuits?24:25 The Future of Web3 Going Mainstream24:58 Quantum Computers vs. Web3 Security26:18 Why Security is Key in Web329:55 How Easy App Building Changes Things33:07 The Ethics of This Crazy Tech35:23 What's on the Horizon for COTI Network?