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You know the privacy narrative is gaining serious momentum when Binance is sharing educational material on privacy tools, and Gemini is launching a limited-edition Zcash credit card that earns 4% back in ZEC.
But that's not all from this week:
πΆ $118M committed to Zama's encrypted ICO
πΆ Client-side GPU acceleration for ZK on Ethereum
πΆ Aleo launches its first private stablecoin, USDCx
πΆ Winners of the world's largest privacy hackathon, Zypherpunks, unveiled
Let's dive in!
What to expect from the @LuminaEngine beta:
π§ User-friendly interface
π§ Beautiful design
π§ Convenience
Sign up for beta testing on https://t.co/RcKjWQGAPg
With the rapid advancement of AI tools, we're approaching a future where analytics tools will be able to trace transactions from years past, connecting patterns and building comprehensive profiles -- turning public chains into surveillance tools that bad actors can exploit to identify and target victims.
This clearly isn't workable long-term.
For blockchains to expand beyond the very niche use cases they currently serve, they must provide a measure of privacy to their users that protect users today and against the sophisticated threats of tomorrow.
Miden has signed an MOU with Korea Digital Asset (KODA), the nation's leading institutional digital-asset custodian - with 80% institutional market share.
Together, we're laying the groundwork for secure, privacy-preserving, and compliant onchain finance in Korea.
in Miden's state model the blockchain only tracks commitments to account states and note data not the actual contents
the commitments are cryptographic hashes that prove the state is valid without revealing it
full details can be stored offchain by the user themselves
Privacy!
privacy is a priority when transacting on Miden
unlike some chains like Ethereum, where all transaction details are public, Miden allows users to execute and prove transactions on their own devices without revealing full details of the transaction to the network
privacy is a priority when transacting on Miden
unlike some chains like Ethereum, where all transaction details are public, Miden allows users to execute and prove transactions on their own devices without revealing full details of the transaction to the network
transactions on miden operate on a single account plus notes, and output that same account at a new state
because no transaction touches multiple accounts, there are no cross-account state locks
this leads to higher throughput, better scalability, and stronger privacy
transactions on miden operate on a single account plus notes, and output that same account at a new state
because no transaction touches multiple accounts, there are no cross-account state locks
this leads to higher throughput, better scalability, and stronger privacy
Miden is a STARK-based zkVM designed for high-throughput and privacy preserving smart contracts
its core architecture follows an actor-model. each account is an independent state machine (βactorβ)that holds assets and code and they communicate via notes to other accounts
Miden design is actually quite simple.
Actor model + ZK, thatβs it.
Implementation is *slightly* more challenging π but in essence the architecture is not complicated.
Miden is a STARK-based zkVM designed for high-throughput and privacy preserving smart contracts
its core architecture follows an actor-model. each account is an independent state machine (βactorβ)that holds assets and code and they communicate via notes to other accounts
I got introduced to @0xMiden a month ago via the testnet playground
then i discovered that they are a spin out of polygon
that reminded me of another polygon spin out that was a huge success 2 years ago @AvailProject
all indications point to miden becoming a success as well