Aztec is running its token sale with a Continuous Clearing Auction instead of a fixed‑price sale. The linked article explains the mainnet contracts, MPS, ticks, contributor flow and the token release schedule in detail, but in plain language. https://t.co/nqIYmIm3z8
The auction is designed to complete regardless of how much ETH is raised and will seed a Uniswap v4 pool at the final clearing price, giving Aztec liquidity from day one. I’m not a smart contract developer, just an Ethereum and privacy enthusiast trying to explain how this works.
Aztec can do exactly this.
All of it. I’m so happy.
I can’t stress how exactly Aztec can do this.
Fast client-side proving on desktop and mobile, well under 1GB RAM.
Native, private account abstraction is already built into Aztec.
Think of a way to authenticate a user…
Eth signature / Safe multisig / Sign in with google / email / password=Hunter2 / a live video of your cat / a signature from Vitalik telling you he’s proud of you?
You can build Aztec smart contracts that can do this today. You’ll be able to provide your users with familiar and private access to Ethereum.
In a nutshell:
Noir Program (Circuit): The rules or recipe.
Witness: The specific ingredients and steps you took to follow the rules.
Proving (with Barretenberg): Using the rules and your specific ingredients to create a tiny, undeniable certificate that you followed the rules, without revealing the secret ingredients.
Verifying: Quickly checking that certificate to confirm it's legitimate, using only the public rules.
The beauty is that the verifier doesn't need to redo all the work of making the cake or even know the secret ingredients. It just needs to check the proof, which is incredibly efficient.
Demystifying Noir proving! Let's use some analogies: Your Noir program is a secret recipe, Barretenberg is the lawyer who crafts your proof, and the verifier is the judge who confirms it.
Follow along! ↪
4. Checking the Proof (Verifying)
Now, you give this tiny, sealed proof to your friend. Your friend doesn't need to see your secret ingredients or the full recipe.
Your friend has a "verifier" (which is like a simple, trustworthy judge).
The judge takes your proof, looks at the public parts of the recipe (like "it's a chocolate cake"), and quickly checks if the proof is valid.
If the proof is valid, the judge says, "Okay, I believe you! You made the magical chocolate cake according to the rules, even though I don't know your secret spice."
This "verifying" step is very fast and simple, much faster than making the cake or generating the proof. ↪
@sky_popular@aztecnetwork IO stats are quite important. Below is a comparison I made for two different VPSs with similar prices but different performance.
Block execution ~120 ms vs 500–1700 ms.
Gas throughput ~150–300 Mgas/s vs <80 Mgas/s.
State root calc much faster (tens of ms vs hundreds of ms).
@sky_popular The vps sizes in your message seems not enough for rpc. Sepolia initial image is around 500 GB but vps storages are 200-400GB. Am i missing something?