Thread by @tonymontanaATH

Everyone is talking about #ZK proofs these days. But what if I told you that there is a superior tech to #ZKP, already integrated in an L1 #blockchain, which is not even launched on exchanges yet? It's $MPC #Partisia! More details below.👀

First of all, what are #ZK proofs and how do they work? In a zero-knowledge proof, one party (the prover) can prove to another party (the verifier) that they know a certain piece of information, without revealing what that information is.

This is possible because the proof itself is a mathematical statement that is easy to verify but hard to replicate without knowing the original information. So, one of the main benefits of zero-knowledge proofs in crypto is the ability to enhance #privacy.

Zero-knowledge proofs also have the potential to improve the scalability and security of #blockchain networks. They can be used to verify transactions without revealing the entire transaction history, which can help reduce the amount of data that needs to be stored on-chain.

What #Partisia is bringing new into the privacy world? Zero-knowledge proofs (#ZKP) have been recognized in the industry as a great step forward towards solving the confidentiality problem.

However, #ZKPs are limited in what they can achieve in that they require a single party to enter a secret computation to prove if it is either true or false. This is quite useful for relatively simple operations.

But if the blockchain ecosystem is to be as pervasive and well-functioning as it has the potential to be, it will require operations on a far more complex scale. Secure Multiparty Computations, or #MPC for short, is what #Partisia is bringing on the scene.

#MPC tech differs from #blockchain in its ability to operate on multiple nodes, computing directly onto encrypted data while maintaining zero-knowledge about the data; so with #Partisia you have the best of both worlds, an L1 blockchain based on MPC.

Bridging the gap between #MPC technology and blockchain would eliminate all confidentiality concerns and facilitate a truly safe, secure and equitable system. How to protect secret information from disclosure on a blockchain whose data is visible to the public?

The core problem is that encrypted information is not suited to blockchains. The reason for this is that while the encrypted information is freely available on the distributed ledger, in the future, that encrypted information needs to be re-encrypted to avoid brute
force attacks.

Therefore, standard encryption on blockchains should only be used for short lived secrets. #Partisia #Blockchain addresses this problem by keeping encrypted confidential information separate from the blockchain, hence all ZK nodes run ZK computation in a separate private layer.

This is where the magic of Multiparty Computations #MPC comes in.

#Partisia is a L1 + L2 #privacy blockchain, which comes with smart contracts from launch. It has the BYOC (bring-your-own-coin) model, so you can pay transaction fees by using any coin like $BTC, $ETH etc.

They also have their own oracle and their own bridge embedded in their #blockchain, so #Partisia is like $ETH + $XMR + $ADA + $LINK. Smart contracts, top notch privacy (the first dual contracts in the world, both public and private), oracle, bridge, BYOC, all in just one project.

Partisia Blockchain solves the scalability issues plaguing blockchains by delivering #sharding at the protocol and smart contract layers. #Partisia already have 4 shards, each one adding 1,000 TPS. This will be scaled pretty fast, according to the traffic needs. No TPS limits!

Few words about the stellar team of #Partisia.
👉Ivan Damgård (co-founder & chief cryptographer) is Professor in Computer Science at Aarhus University and a top researcher in cryptography. He is co-inventor of the Merkle–Damgård construction and behind the work on #MPC in 1988.

👉Jesper Buus Nielsen (co-founder and chief cryptographer) is also a Professor in Computer Science at Aarhus University and is the most cited researcher in secure multiparty computation.

Jesper has been program chair of Eurocrypt, one of the top academic cryptography conferences in the world, and he has been awarded an ERC starting grant, which is the most prestigious academic career grant in Europe.

👉Claudio Orlandi (co-founder and chief protocol designer) is Associate Professor in Computer Science at Aarhus University and the author of more than 30 scientific publications on #cryptography and #security. Like Jesper, Claudio has also received an ERC starting grant.

👉Brian Gallagher (co-Founder and Council Member) is a pioneer of incorporating MPC into blockchain use cases, as a co-Founder of instars.com, one of the largest blockchain powered social networks in the world with over 250,000 verified users.

👉Kurt Nielsen (co-founder and CEO) holds a PhD in economics from 2004. He did combined graduate studies at the University of Copenhagen, UC Berkeley and the University of Toronto. He has extensive experience as an entrepreneur and business developer.

👉Peter Frands Frandsen (co-founder and CTO) has 20 years of experience as manager of both projects and people in the software development industry in Danish companies such as Vestas, Dansk Supermarked and Rambøll Management Consulting.

Since 2017, he has been developing solutions based on advanced cryptographic technology in #Partisia and Partisia Applications making #ZK computations feasible in real world scenarios.

Partisia's native token is $MPC. It will be launched at approx. $10-$20 mil. mcap, as far as I know. I think $MPC market cap will be in the billions easily, in just 1-2 years. Launch date? Maybe next month, maybe in Q2. For me it doesn't matter. The wait will well worth it.

#Partisia will be a top 20 project for sure. We are still very early. 🔝

👉 $MPC socials:
✅Website: partisiablockchain.com
✅Twitter: twitter.com/partisiampc
✅Telegram: t.me/partisiachat
✅Discord: discord.com/invite/5HX7j9x…
✅Youtube: youtube.com/@PARTISIABLOCK…