Past month...been teaching about MPC Partisia...but many still dont grasp the potential of what it does....
Banks,Govs,UN,IMF and almost every crypto exchange uses MPC tech today....
Sepior,Blockdaemon are giving them the next gen tech now... combining MPC + Blockchain....
I think best way is to split it into two....
We all now the capabilities of Blockchain tech...but hardly anyone knows about MPC
I suggest more dyor on Multi-Party Computation MPC (not the coin, but the tech)
What is MPC multi-party computation?
Secure multi-party computation (SMPC or MPC) enables multiple parties to jointly compute a function using private data, enabling accurate “black box” calculations that keep individual inputs confidential.
How does multi-party computation work?
In an MPC, a given number of participants each possess a piece of private data (d1, d2, …, dN). Together, the participants can compute the value of a public function on that private data: F(d1, d2, …, dN) while keeping their own piece of data secret.
What is the multi-party computation solution?
MPC enables multiple parties to jointly compute their inputs, or data, without sharing their underlying values. Large-scale industries such as health care, finance, government, business, education, and public policy have discovered numerous real-world applications of multiparty computation.
Where is secure multiparty computation used?
One of the primary applications of secure multi-party computation is allowing analysis of data that is held by multiple parties, or blind analysis of data by third parties without allowing the data custodian to understand the kind of data analysis being performed.
https://cointelegraph.com/innovation-circle/multiparty-computation-mpc-its-effects-on-blockchain-innovationLots of MPC info here...
......Staying ahead of the curve
In the dynamic realm of blockchain, it’s easy to become fixated on the familiar. Zero-knowledge proofs have garnered much attention, and rightly so. But in this obsession with ZK, there’s a risk: overlooking the burgeoning potential of other options.
Staying ahead isn’t just about embracing current trends; it’s about discerning where the next wave of innovation lies. In blockchain’s bustling ecosystem, zero-knowledge proofs are stalwarts of privacy. It’s not a rivalry between ZK and MPC. While ZK solidifies the defenses, MPC pushes boundaries, offering an edge that’s not about overshadowing — but innovating.
https://www.halborn.com/blog/post/what-is-multi-party-computation-mpc-in-blockchainhttps://articles.whalesheaven.com/is-multi-party-computation-mpc-the-future-of-blockchain-crypto/https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-multi-party-computation-as-a-servicehttps://www.inx.co/learn/advanced/mpc-meaning-in-crypto-a-guide-to-understanding-mpc-wallets/This piece extensively covered MPC meaning, how they work, and MPC wallets. The bottom line is that MPC is a vital tool in cryptocurrency because it addresses private keys’ privacy.
But MPC wallets have their downsides. First, they can be more technical, making them more complex to set up and harder to understand. Secondly, there is an increase in communication and computational costs (high communication costs and computation overhead). (this does not apply with MPC Partisia)
However, as the cryptocurrency industry continues to evolve, the adoption of MPC and MPC wallets will likely increase. With ongoing advancements in MPC protocols and increased awareness of its advantages, the future of MPC in the cryptocurrency space looks promising.
https://chain.link/education-hub/secure-multiparty-computation-mcpWhy Is SMPC Important?
SMPC is important for financial transactions, medical research, distributed voting, private bidding and auctions, and AI/ML learning processes where sensitive information needs to be processed or analyzed. It enables users to protect their private information while still participating in shared systems.
In the late 2010s, digital asset custodians began using MPC for securing digital assets. To further promote MPC technology, companies specializing in secure multi-party computation established the MPC Alliance in 2020.
https://digitalprivacy.ieee.org/publications/topics/what-is-multiparty-computationSecure Multiparty Computation and Homomorphic Encryption
Ultimately, multiparty computation is a subfield of cryptography. More specifically, multiparty computation is a subfield of homomorphic encryption in that it allows operations to be performed on encrypted data.
The advantage to multiparty computation is that its users can run computations on encrypted data from multiple sources. This means more parties can collaborate and input their data without sacrificing their privacy. Without this capability, we would be unable to harness the power of big data.
Once you have fully understood the MPC tech and combine that knowledge with the Blockchain tech you already know, only then you will fully understand Multi-Party Computation (MPC) + Blockchain tech = MPC Partisia.
https://partisiablockchain.com/demeter-mpc-as-a-service/Demeter is one of the things only possible on MPC Partisia and nothing else anywhere comes close....
Demeter — MPC-as-a-Service
The single most important contribution of the Partisia Blockchain project is to bring general privacy-preserving computation to blockchain and most notably Secure Multiparty Computation (MPC).
MPC is a revolutionary technology that allows us to protect our data, not only when they are being stored or communicated, but also while they are being processed.
.....This is why the entire Partisia Blockchain is designed for secure and efficient orchestration of MPC-as-a-Service.
The team behind the project has pioneered MPC and delivered commercial grade MPC since 2008.
Partisia Blockchain is probably the most ambitious MPC platform and it comes with an extensive set of tools and a new set of MPC protocols called REAL.
https://medium.com/partisia-blockchain/roadmap-spotlight-3-arithmetic-mpc-real-protocol-f5f8ae42f407A core feature is efficient preprocessing that utilizes all the blockchain orchestration of many nodes to the fullest extent to speed up realtime use of MPC.
We call this Demeter MPC-as-a-Service and claim that we set a new standard for how to conduct any type of privacy-preserving computations within and beyond the blockchain ecosystem.
https://coinmarketcap.com/academy/glossary/multi-party-computation-as-a-service....While transparency is the core feature of blockchain networks, it also leads to the problem of data privacy........
..........To overcome this problem while ensuring that the core fundamentals of blockchain technology remain intact, next-generation projects started exploring the concept of multi-party computation to add more layers of privacy to the data that is being used in services on blockchain networks.
Since multi-party computation (MPC) distributes computation operations across several parties where no singular entity can see the other parties’ data, it ensures end-to-end data privacy.
However, MPC is only one part of the puzzle.
As a standalone solution, multi-party computation (MPC) can offer unmatched levels of privacy.
But to make it worthwhile for the blockchain ecosystem, one needs to merge MPC with blockchain technology’s inherent features.
MPC Partisia is gonna be the next big thing and imo, one of the top 3 cryptos oneday.
