Thread by @CharlieXDeFi

1/21 Introducing Partisia Blockchain: The Ultimate Solution to Add Privacy and Confidentiality to Blockchains ⬇️

2/21 Blockchains' lack of privacy is hindering their adoption.

The Partisia Blockchain project aims to address this issue by offering Zero-Knowledge (ZK) computations on-chain, off-chain, and across blockchains (inter-chain).

3/21 By using ZK computation, Partisia adds privacy and confidentiality to blockchains in a decentralised fashion with no single point of trust.

This approach is blockchain agnostic and focuses on interoperability while facilitating both privacy and transactions across chains.

4/21 As a public blockchain, Partisia also functions as a vehicle for organising accredited trustees to further strengthen the blockchain ecosystem.

The team behind Partisia Blockchain is composed of world-leading cryptographers and pioneers in the use of ZK computations.

5/21 The term Zero-Knowledge Proof (ZKP) is commonly used when discussing a shared secret between two parties.

But what if we could share private information on the blockchain between multiple parties?

This is where Partisia Blockchain comes in.

6/21 Partisia delivers ZK computation, a major advancement in ZK technology, that unlocks hundreds of use cases such as:

- private supply chain management
- private healthcare networks
- decentralized data exchanges
- ad-targeting
- social networks

And many more.

7/21 Partisia solves the blockchain trilemma with MultiParty Computation (MPC) cryptography, built-in sharding, and the industry's most secure interoperable token and data bridge.

A key part of the interoperability offered by Partisia is the orchestration of inter-chain txs.

8/21 MPC... so what is it?

Secure Multiparty Computation (MPC) is a game changer in the world of blockchain and crypto.

It allows multiple parties to jointly compute any function without any of them learning the inputs, providing a high degree of security and confidentiality.

9/21 Back to scalability.

Partisia aims to target with its solutions especially 3 areas:

- data privacy
- interoperability
- scalability

10/21 As of today, Partisia has 97 validators across the whole world and has made already over 3.4M transactions.

11/21 Their native token is called $MPC.

However, it is not used for payments as you might be used to.

It is used for staking only.

12/21 Partisia is allocating 20% of its tokens for community and developer growth, strategic partners and more. 15% for team members to vest over 4 years, 60% for public and private token sale and keeping 5% for long-term reserve.

13/21 Their team and presale allocations take 4 years to fully unlock and enter the token economy, making up less than 50% of total supply.

Which is according to them one of the longest unlock periods in blockchain history.

14/21 In terms of VC activities, I found only one disclosed seed round in 2021 with a total value of $20M.

The involved VCs are seen on the picture below.

15/21 So - how is Partisia unique and why should you care?

I think it really comes to 3 points:

- Scalability (unlimited)
- Commercial use cases & MPC token not used as a store of payment
- ZK insane potential

16/21 In terms of their ecosystem, there is not much to say. Yet.

As of now, they showcase 12 projects on their website. One of them is Frax, which led me to search a bit further.

Partisia partnered with Frax in 2021 to develop “Frax Price Index”.

Interesting.

17/21 But in terms of their future development, there is a ton to say.

This might be the most detailed high-overview roadmap I have seen a L1 do. Good job Partisia team.

Make sure to read it if you liked this thread until now.

18/21 And how big is $MPC?

I can't tell you because it is not available on the market yet.

What does it mean?

Keep an eye on this project. It could get interesting.

19/21 That's all for today!

Tomorrow be ready for another thread and become slowly but surely L1 expert with me! 🤓

This time I will look at @MultiVAC_Global $MTV 👀 #Day16 (!)

20/21 If you are still in a mood for more knowledge, consider checking out my previous thread on $ERG ⬇️

https://twitter.com/CharlieXDeFi/status/1618353291016146944?s=20&t=LC_EbHlZSJSBngOgNzgY4g

21/21 I hope you've found this thread helpful! 🙏

Follow me @CharlieXDeFi for more of this content.

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https://twitter.com/CharlieXDeFi/status/1618742556212473857