Quote from: Dedelitoo on December 03, 2024, 11:28:54 AM

hello how are you all?

Mr Pumperitis I found an article shared by Vitalik that I find interesting about (maybe Zk cross partisia blockchain) what do you think? as you are a confirmed person in the field thank you

Soon the giga Pump MPC we are waiting 🥲😅😄

Link vitalik:
: https://vitalik.eth.limo/general/2024/12/03/wallets.html

Hi all gd, hope your doing well.

TBH im not sure if Vitailk is refering to zkcross when mhe talks about cross chain dex's.
What i can see clearly is most of the things he wants to solve for ETH can be solved if he collaborates with Partisia.

I found this the other day...great read, it also explains how MPC can solve many of the things Vitalik speaks about in his post.
Here is a bit of the story....
https://golden.com/wiki/Partisia_Blockchain-VKX88D9#Partisia-(MPC)-multi-party-privacy-computing

The blockchain itself is currently being deployed to provide a more secure and neutral platform for the internet economy.
While existing blockchains make a positive contribution to providing a truly secure infrastructure, one of the most important trade-offs they present is the lack of privacy.
Without privacy, the potential of blockchain to disrupt intermediaries or third parties will be limited by the inability to achieve compliance with established industry standards and best practices, resulting in reduced adoption and ultimately inability to affect the balance of power or data control.
This is recognized by many central players in the blockchain industry.
One clear indication of this is the widespread use of zero-knowledge proofs as an important first step towards privacy. Zero-Knowledge Proofs: However, limited to one party (the verifier) entering a secret input to compute true or false, which is very useful for simple operations such as confirming a private transaction.
However, any collaborative solutions that involve more parties require shared encrypted computing technologies that do not rely on trust in any individual or organization. which is very useful for simple operations like confirming a private transaction.
However, any collaborative solutions that involve more parties require shared encrypted computing technologies that do not rely on trust in any individual or organization.
which is very useful for simple operations like confirming a private transaction.
However, any collaborative solutions that involve more parties require shared encrypted computing technologies that do not rely on trust in any individual or organization.

Parallel to the release of the new Bitcoin blockchain in 2008, the Partisia Blockchain team led the first large-scale and commercial use of another type of distributed cryptography, Secure Multilateral Computing (MPC).
Unlike blockchain, MPC provides privacy through a network of computing nodes that compute directly on encrypted data with zero knowledge of the data.
The opportunity presented by the potential merger of these two technologies has long been recognized and the Partisia Blockchain team has been working on a solution to this problem for the past 3-4 years. Today we are pleased to introduce this solution to the world - the Partisia blockchain.

The underlying architecture of Partisia Blockchain provides an efficient foundation for zero-knowledge computing and a unique balance between transparency and privacy when using zero-knowledge computing such as MPC. The Partisia blockchain provides an unprecedented balance through an architecture with two separate layers and networks:

-Public and transparent blockchain layer programmed through public smart contracts;

-A private layer of zero-knowledge computing, programmable through private smart contracts.

The first commercial version of the Partisia blockchain was released in September 2019 and functions as a commercial grade infrastructure for both data and market solutions.
The newly established Partisia Blockchain Foundation, based in Zug, Switzerland, aims to launch Partisia Blockchain as a global WEB 3.0 platform and as a second layer in existing blockchains. Another key part of the Partisia blockchain is Oracle, which uses threshold cryptography to orchestrate the transfer of values between blockchains. It is provided by Partisia Blockchain Foundation member Sepior, a subsidiary of Partisia that has been creating commercial threshold crypto since 2013 and in recent years in close collaboration with Japanese financial services giant SBI Holdings.

History of the Partisia blockchain: it all started with a decentralized exchange
In 2003, I was working on a PhD in auction design and studying the so-called “revelation principle” when Jakob Pagter (now CTO of Sepior, VP of Blockdaemon the worlds largest wallet makers for exchanges and more....) introduced me to Ivan Damgaard (one of the original MPC creators and co-authors). creator of the Merkle-Damgaard design), who was able to calculate encrypted information without a single point of trust.
The "revelation principle" is a Nobel Prize-winning epiphany that states that: "It is at least as good as any economic mechanism to rely on direct exposure, where the parties involved tell the truth to an impartial intermediary who uses the information received in the best interest. sides.
" Since "impartial intermediary" is a common concept in economics, it came as a big surprise to me that this concept also appeared in computer science, where it is known as MPC.
It was, and still is, a perfect match, and it even turned out that computer scientists and economists have been working on these two sides of the same coin entirely separately since 1979.

By combining these two impressive sets of knowledge, we convinced the Strategic Research Council in Denmark to invest in this potential to improve resource allocation and collaboration in general. As part of this work, we engaged industrial partners, including Danisco, one of the largest Danish companies at the time.
We knew they had a problem that we could solve, but we had no idea how important a role we would end up playing. Danisco was a conglomerate that was planning to sell its sugar division (half of the company's revenue), which was severely hampered by a severe drop in prices.
These changes required an immediate redistribution of production contracts between farmers supplying raw materials in the form of sugar beets.
Although most thought that the market would decide the redistribution, this did not happen. It was clear to everyone that market inefficiencies were growing, but no one could agree on a price and nothing happened.
The farmers did not trust Danisco (the monopsonist) and they did not want to share any information that could reveal the true value of the contracts.
This was the main problem we were preparing to solve with MPC by replacing the auctioneer with an MPC-based decentralized exchange. The situation in the blocked market was a growing concern as the Danisco split approached and they finally gave us a chance to solve the redistribution problem.
1,200 farmers participated in the initial auction, and the estimated market price was as close to zero as possible. However, it is not surprising that the market was blocked, now the price came from an unbiased scheduler - a decentralized exchange - and no one questioned the legitimacy of the result.
Several auctions later, the production contracts were reallocated and the sugar division was sold to North Sugar in Germany.

The decentralized exchange case was a fantastic opportunity that allowed us to showcase the power of MPC in a full commercial environment. It worked and solved a big problem for the client who wanted to keep using the service - and Partisia was created.

This was just after the 2008 financial crisis - but similar to the ideas behind blockchain - we also saw a lot of weaknesses in the financial system that we could address with MPC. However, it was still very early in the life cycle of this new technology, but despite less efficient protocols, applications such as auctions provided a natural time window for heavy computation. Working with auction solutions for production contracts, power licenses and radio frequency spectrum, we naturally ran into the next big challenge - key governance issues.

Key management has quickly become an area where MPC can provide scalable solutions and we decided to explore this further - and Sepior was created.

In parallel, and over the past 10 years, collective efforts to develop better protocols and frameworks have reduced the computational overhead from MPC by 1/1,000,000, gradually opening up more scalable applications such as advanced data processing solutions and real-time matching services.

Now Partisia and Sepior are once again joining forces, bringing expertise and software from the marketplace, data and key management applications, and many infrastructure components to the Partisia Blockchain.

Blockchain Partisia: neutral WEB 3.0 platform

When Ethereum was launched, we were replacing intermediaries with MPCs and creating more trusted market and data solutions, which really inspired us to think about merging blockchain and MPC
On an intuitive level, it looked perfect right from the start. Blockchain is all about transparency and storing data in an immutable database. Transparency can create trust by shedding light on the MPC as a black box without compromising privacy, such as who is bidding, who controls the MPC nodes, and what is being calculated.
The immutable database has in many cases been the ideal place to output MPC calculations such as price and auction winner.
However, it wasn't until we started building blockchain solutions that we realized the full potential of the blockchain as the basis for MPC orchestration.

When the blockchain ecosystem began to flourish, we were approached by Insights Network and started building a data exchange solution based on blockchain and MPC. Later, we expanded our collaboration with another client, Tora, and moved the MPC-based matching service we had been working on with them to the blockchain - the Cyberian project.
These two projects pushed us to think seriously about how to push the boundaries to merge blockchain and MPC on a more fundamental level - and the Partisia Blockchain project began.

From an economist's point of view, the infrastructure and application of blockchain and MPC is a goldmine of opportunity. The following three main components make it an ideal toolkit for materializing solutions for better resource allocation and more valuable data collaboration:

-With a decentralized immutable ledger, blockchain eliminates the traditional middleman.

-With zero-knowledge decentralized computing, MPC removes the traditional trustee as an intermediary.

-With the help of smart contracts, developers and users can control and automate the use of the infrastructure.

While the Partisia blockchain provides all of these components, it is designed to operate as a fully managed second layer that adds privacy and greater interoperability to existing blockchains as well as autonomous systems.
To further enhance the collaborative approach, the Partisia blockchain is designed to use any existing coin as a means of payment. This value transfer component is also present on the testnet, which transfers EOS tokens back and forth to Ethereum.

Sorry for those that miss out on the best bargain in crypto today....
MPC PARTISA Will now start.....