What is Partisia Blockchain? Taking into account decentralization/security/scalability

What is Partisia Blockchain? What does Partisia Blockchain do? “Partisia Blockhain solves long-standing problems in the blockchain field by taking into account decentralization, security and scalability.” Partisia Blockchain is a Layer 1 with a unique zero-knowledge proof oracle and sharding solution that solves the problems plaguing the entire blockchain industry. Currently, diverse blockchains are emerging in an endless stream, and solving the biggest challenges in the blockchain field is more critical than ever.

Partisia Blockhain takes into account decentralization, security and scalability

Partisia Blockchain is a unique zero-knowledge proof oracle and sharding solution Layer1 solves the problems plaguing the entire blockchain industry. Currently, diverse blockchains are emerging in an endless stream, and solving the biggest challenges in the blockchain field is more critical than ever.

Blockchain has encountered obstacles in building a more interoperable framework to break down the silo effect, because this needs to simultaneously address privacy, security and scalability issues. Existing blockchains are either completely transparent or completely anonymous, neither of which solves the trust problem. The standard transaction output of the Layer 1 protocol is limited, which also allows the original blockchain to process only seven transactions per second.

In addition, Layer1 itself is not designed for interoperability. Partisia Blockchain was developed by a group of renowned scientists with 35 years of research and 15 years of practical experience. It is designed to solve the above problems and build a sustainable ecosystem that enhances developers' building opportunities.

Solve the challenges in the current blockchain Layer1 Partisia Blockchain is a blockchain protocol characterized by interoperability, aiming to solve the impossible triangle problem faced by the blockchain through the unique functions it provides.

The protocol features a scalable sharding architecture, customizable multi-party computation (MPC) and token economics, allowing gas fees to be paid using tokens other than its native token. Partisia Blockchain's customizable multi-party computation (MPC) technology created by project co-founder Ivan Damg?rd provides an auditable privacy layer on which private data calculations are performed. It is worth mentioning that Damg?rd is also a Bitcoin Inventor of the Merkle-Damgard hash construction in coins.

This technology allows data processing without knowing the content of the data, ensuring the reliability and authenticity of calculations while protecting privacy.

Through the improvement of the zero-knowledge proof scheme, Partisia Blockchain has built a new trusted system that helps transparent and anonymous tokens flourish.

The sharding architecture is one of the features of Partisia Blockchain, which allows multiple chains to run in parallel. The messaging layer facilitates state synchronization by transmitting transaction information from one blockchain to another.

A new block can be easily created whenever additional output is needed, providing true horizontal scalability.

The various blockchains within the Partisia ecosystem achieve interoperability due to their unique Gas mechanism.

Liquidity tokens from different blockchains can be used to pay for gas on Partisia, enabling wider interoperability opportunities.

The integration of liquidity tokens has enabled the development of a unique staking model.

$MPC is the ecological token of Partisia Blockchain, which has recently been listed on multiple exchanges. It functions as a governance and mortgage token within the blockchain. Users eager to participate in blockchain governance can stake $MPC and receive staking rewards in return.

Stakers can choose to be rewarded in the blockchain’s native currency and other liquidity tokens used to pay for gas fees, such as ETH, MATIC, BNB, and well-known stablecoins such as USDC and USDT.

In addition, $MPC is used to provide protection for the ecosystem. On Partisia Blockchian, users can use $MPC as collateral to facilitate transactions ranging from consensus and zero-knowledge computing to token bridging.

Empower developers to create unique applications in the Web3 space. Through these value propositions, Partisia Blockchain enables developers to create unique applications in the Web3 space that are currently unavailable on other chains. This is part of Partisia Blockchain’s current This is evident in the ecosystem map.

From unique Web3 applications such as privatized DAOs, secret auctions that make DEX resistant to front-loading transactions, auditable electronic cash, privatized verifiable Supply chain, privacy-enabled real assets (RWA) and improved digital identity (DID), to traditional institutional applications such as privatized healthcare data analytics, whistleblower solutions and random number generators (RNG), Partisia Blockchian holds the potential for developers to create solutions that can change or disrupt existing markets.

Recently, Partisia Blockchian announced an ecosystem grant program worth 100 million $MPC tokens to promote innovation. Through this ecosystem grant program, developers will be further incentivized to push the boundaries of current blockchain solutions.

The seriously underestimated privacy blockchain ecosystem

In March this year, the privacy public chain Partisia Blockchain ushered in important progress. The ecological token $MPC was launched on the exchange. Currently The $MPC token can be traded on Kucoin, Gate, BitMart, Bitfinex, Bitture and other platforms, and will be listed on the MEXC platform soon.

Since its launch on the market last month, the MPC token has increased by more than 300%, and the daily trading volume has remained at around US$6.32 million. Although the performance of the $MPC token after it was launched into the market is gratifying, from the fundamentals of the project and the current data related to its token, we believe that the project is seriously underestimated and is expected to usher in multiple rounds of explosions in the subsequent market.

The privacy system with the most potential for implementation

In fact, as a blockchain privacy public chain that is good at technology, Partisia Blockchain uses zero-knowledge proof ( ZK) technology and multi-party computation (MPC) work together to ensure data privacy without affecting network integrity and security. This dual approach enables complex calculations to be performed on encrypted data, improving data privacy by default. Based on this, some data-demanding scenarios, such as medical care, AI computing and other data-demanding fields, can implement data applications without leaking privacy, complying with a series including the EU's General Data Protection Regulation (GDPR). Compliance requirements.

Partisia Blockchain has built a new MPC protocol called REAL, which maximizes the use of multi-node operation matrices to promote MPC utilization while meeting the premise of efficient preprocessing. Based on this, Partisia has also launched MPC-as-a-Service (MPC as a service), which can provide MPC services for any privacy-demanding scenarios, such as finance, supply chain management, medical and health data sharing, electronic voting, and privacy data markets. And so on, it is expected to set a new standard for any type of privacy-preserving computing inside and outside the blockchain ecosystem.

In addition to the implementability of the privacy solution, it is based on sharding, innovative consensus mechanism, Oracle service framework, etc., which brings excellent high explosiveness and scalability to Partisia Blockchain, and through The way MPC nodes are introduced into the chain ensures the efficiency and security of network operations.

We see that this project is the world's first commercial application supported by MPC technology since 2008. The "MPC-as-a-Service" advertised by Partisia Blockchain has begun to penetrate into various Layer1 function scenario applications. , including auctions (DEXs), surveys, voting, artificial intelligence, machine learning, supply chain, fund management, data sharing and other fields, to resolve various crises and challenges through the principle of safe and fair benefit distribution.

Some current application examples include:

l Spectrum Auctions: Working with telecom companies to conduct diverse spectrum auctions using MPC technology, including a large number of private Data processing response. This technology allows public companies to protect sensitive information during the auction process and complete the necessary computational work.

l Vaccine Verification: A system that can be used to verify whether an individual has received a specific vaccine, including the number and type of vaccination, allowing for vaccination status to be verified while fully protecting individual privacy.

l Healthcare market: In the healthcare field, MPC technology is used to allow insurance companies, capital market participants and research institutions to access and calculate medical data, and fully protect the privacy of doctors and patients, and can prevent traditional data processing way to conduct more in-depth medical research projects.

l Advertising data processing: Use MPC technology to process user data in real-time advertising industry without violating their privacy. This approach is designed to replace the current cookie-based data collection model, allowing users to take control of their own data while providing advertisers with valuable product insights.

Since 2019, Partisia’s PBC platform has been used for privately deployed multi-party secure computation (MPC) and blockchain services, used on commercial terms. In addition to providing basic support for Partisia Blockchain, other partners include Bosch, Provable Labs, Data for Good, Cyberian, etc.

Partisia’s public blockchain infrastructure for multi-party secure computing (MPC), Partisia Blockchain, will also be launched as a Web 3.0 public blockchain. There are currently some partners including KIN, OriginAll, Insights Network, Humanitarian, Confidential Intelligence, International Committee of the Red Cross, and others.

From a macro perspective, Partisia Blockchain is not only backed by a $200 billion data privacy market, but also based on its on-chain system, it is also backed by a $50 billion token interoperability market and a $1.5 trillion market. The token economy can expand the market.

With the further advancement of the ecology, the MPC pass will be widely used, and its value will continue to be highlighted with the operation of the ecological value flywheel. This will be the most important aspect of the future market expectations of the MPC pass. Basic disk.

Not yet listed on top major exchanges

Another reason why Partisia Blockchain’s MPC token currently has a small market value is that it has not yet been listed on major first-tier exchanges such as Binance, Coinbase and OKX. .

We have seen that Oasis Network, Secret, NYM and other track privacy chains have already signed up with some major firms.

As a top-level technology that meets compliance requirements and has some actual implementation of the privacy ecosystem, Partisia Blockchain matches the narrative of the new encryption era. At the same time, its historical financing exceeds 55 million US dollars. In the privacy public chain competition Daozhong is in the middle and upper reaches, so we have every reason to believe that it has the expectations to be listed on the major exchanges. The listing of major players is expected to promote MPC to a wider investor group and promote the rapid increase in transaction volume and price of MPC tokens.

Looking from another perspective, compared with projects on the same track, the market value of its token is only US$56 million, which is an extremely low valuation. Compared with the US$858 million of Oasis Network (ROSE), the US$152 million of Secret Network (SCRT), and the US$165 million of NYM (NYM), MPC is obviously seriously underestimated (there is still room for growth of dozens of times) . At the beginning of last year, Partisia Blockchain's financing valuation was as high as US$1.6 billion, so the market is very much looking forward to the subsequent market performance of MPC, which is currently severely underestimated, and deserves continued and long-term attention.

Today, the editor of this site will share with you a detailed introduction to Partisia Blockchain. I hope this article can help everyone have a comprehensive understanding of Partisia Blockchain.

The above is the detailed content of What is Partisia Blockchain? Taking into account decentralization/security/scalability. For more information, please follow other related articles on the PHP Chinese website!