ZUG, 8 JANUARY 2024. Partisia Blockchain’s advanced multiparty computation (MPC) technology powers the world’s first zero-knowledge cross-chain decentralized exchange (zkCrossDex), developed by TeraBlock. The monumental innovation was made possible thanks to the Partisia Blockchain Foundation’s grants program. TeraBlock’s zkCrossDex, elevated by MPC, ensures transactional privacy and addresses the critical front-running issue in decentralized finance (DeFi).
This integration sets a new standard in transactional efficiency and security within the DeFi sector. TeraBlock’s zkCrossDex aims to make DeFi more accessible, secure, and efficient, contributing to a more inclusive financial ecosystem.
The MPC-powered zkCrossDex seamlessly connects disparate blockchain networks and serves as a standard-setter of interoperability, enabling fluid asset swaps and liquidity flow across diverse ecosystems. Users gain unprecedented access to a wide array of assets and markets, representing a transformative development in the DeFi landscape.
Brian Gallagher, Partisia Blockchain Co-Founder, says:
“Together with TeraBlock, we are bringing a newly developed execution platform for DeFi to real-life use. This will address a few recognized weaknesses with one of the most popular DeFi solutions – automated market makers (AMM). The Partisia Blockchain is designed for scalability, interoperability and privacy and the framework uses all of these to improve AMMs.”
Addressing the complexity hindering mass adoption in DeFi, TeraBlock’s MPC-powered zkCrossDex removes barriers with its intuitive interface, making DeFi accessible and user-friendly – in line with Partisia Blockchain’s ethos of making DeFi more financially inclusive.
Shivam Tandon, Founder and CEO at TeraBlock, says:
“Our zkCrossDex is carefully designed to aggregate liquidity across multiple chains, addressing a pivotal challenge in DeFi and made possible by Partisia Blockchain’s MPC technology. The initiative strategically moves towards a more fluid and interconnected DeFi ecosystem, aiming to revolutionize liquidity management for a seamless and efficient market experience.”
The MPC-backed zkCrossDex represents a significant step towards a secure, more inclusive and technologically advanced DeFi ecosystem. Both Partisia Blockchain and TeraBlock are committed to making DeFi accessible to all, contributing to an equitable and efficient financial ecosystem.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
About TeraBlock: TeraBlock is a well-established cross-chain interoperability protocol and a DeFi infrastructure-as-a-Service provider focused on revolutionizing the decentralized finance (DeFi) space. TeraBlock is committed to creating innovative solutions that make DeFi accessible, secure, and efficient for users worldwide.
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The year 2023 marked an extraordinary chapter, with Partisia Blockchain achieving significant milestones and goals, particularly in the realm of multiparty computation (MPC) and privacy preservation. In 2024, our focus shifts to a broader outreach – connecting with those who are integral not just to our growth but to its very architecture, relying on our infrastructure. Watch our year-end review featuring various team members.
The introduction of the Bring Your Own Coin (BYOC) framework, allowed the community to propose and vote on diverse tokens for transaction fees, with ETH, Polygon USDC, and BNB as initial additions with more to come in 2024. Jurisdiction management 1.0 has been launched, enabling developers to stay compliant with data regulations, such as the GDPR. We have also introduced the Partisia Blockchain “Browser” for enhanced MPC20 and BYOC token management, along with more flexible staking rulesets for easier node provider staking. Additionally, our MPC technology is revolutionizing elections with the unified public and private voting system, showcased at the Paris Blockchain Week Awards through Parti.com, ensuring accurate, private, and transparent elections on the Partisia Blockchain.
In 2023, Partisia Blockchain forged groundbreaking partnerships and achieved notable milestones. The integration with MetaMask Snaps in September marked a pivotal moment, enhancing user experiences for over 100 million individuals and enabling seamless transaction signing. This milestone supports the development of innovative cross-blockchain solutions such as BYOC and MPC-as-a-service, with plans to onboard USDT and MATIC through the Hermes bridge.
In collaboration with HES-SO Valais-Wallis, Partisia is pioneering a decentralized e-ID system in Switzerland, aligning with Swiss values of privacy and addressing concerns over the e-ID Act. The launch of the first dApp, Blockchain-Ads, on the Partisia mainnet signifies a commitment to user empowerment and privacy, utilizing multiparty computation (MPC) for data monetization aligned with privacy preservation. Additionally, Partisia Blockchain introduced Parti.com, a groundbreaking platform for content creators, leveraging Web3 and cryptocurrency for monetization and eliminating third parties from the monetization process, fostering a direct peer-to-peer network for creators and consumers.
In the second half of 2023, Partisia Blockchain launched a Grants Program, distributing over 2 million $MPC tokens (valued at US$1 million) to innovative figures in the blockchain sector. Setting itself apart from other privacy blockchains, Partisia’s secure MPC technology enables regulatory compliance, auditability, and diverse use cases, addressing challenges such as MEV attacks and safeguarding DAO voting integrity. Amid unpredictable market conditions, the Partisia Blockchain ecosystem thrived, attracting over 100 new leads and onboarding more than a dozen robust projects in 2023.
In 2023, Partisia Blockchain made significant strides in the blockchain industry, featuring prominently at key events. Notable highlights included a private voting demo at Paris Blockchain Week, emphasizing innovation and privacy. At Token2049, vital discussions with potential collaborations, while sponsoring the IoTex event showcased an interoperability model. Participation in CV Summit facilitated networking with established organizations, and D3 Bahamas saw insights from Shirly Valge on institutional hurdles in Web3 adoption. Additionally, engagements with Blockchain Association Singapore, Cardano Summit 2023, Google Web3 Is Happening, and Next Block Expo in Berlin further solidified Partisia Blockchain’s presence and partnerships in the blockchain landscape.
In a November rebranding, Partisia Blockchain revealed a new visual identity, reflecting our commitment to transforming enterprise blockchain and individual privacy. The updated website features dedicated sections for privacy-focused projects, and the new logo emphasizes people-centric innovation. This refreshed brand identity aligns with our mission for real-world adoption across various sectors, inviting exploration of the expanding ecosystem and the transformative potential of MPC technology for privacy-driven blockchain solutions on our website.
In 2023, Partisia Blockchain witnessed substantial team growth, strategically expanding its leadership to drive innovation and community engagement. In spring, Bakyt Azimkanov assumed the role of Head of Communications, contributing extensive experience from the Cardano Foundation in strategic communications. Simultaneously, Tiago Serôdio joined as the Head of Community, leveraging over a decade of experience, notably from his role at the Cardano Foundation. In October, Shirly Valge became our Chief of Growth, bringing a decade of disruptive technologies and business development expertise. Mathias Glintborg was appointed as Head of Product, overseeing MPC and blockchain solutions for DeFi, data sharing, and digital identity. Finally, Maria Cocu and Alexander Pombo joined as Community Growth and Engagement Associate and Adoption Officer, respectively, enhancing outreach and fostering connections within diverse sectors, demonstrating Partisia Blockchain’s commitment to leadership excellence and top-tier talent acquisition.
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As we reflect on the closing chapter of 2023, Partisia Blockchain reviews a month of exciting milestones and success. From the exciting MPC token listing to our new assets in our BYOC portfolio, this recap provides an insider’s view into team expansions, and exciting community developments. Explore our commitment to sustainability and our leadership’s insights into Web3 technologies at the Next Block Expo. This December’s review is packed with exciting news, exclusive interviews, and a glimpse into our thriving ecosystem – all pointing towards a promising start to 2024!
In December 2023, four listing venues have either completed or are in the final stages of technical integration with the Partisia Blockchain. The MPC token is one step away from being listed once the MPC token transferability is enabled. This step is a crucial milestone in the Partisia Blockchain journey. Furthermore, several other listing venues have initiated the integration process. The collaboration with these exchanges underscores the growing interest and recognition of the value that Partisia Blockchain and the MPC token bring to the market. While the final decision to list completely lies with the venues, all efforts towards an optimal listing in 2024 are underway.
Partisia Blockchain will be in Davos during the World Economic Forum (WEF) during 15-19 January 2024. Our delegation will hold meetings with key partners and future collaborators on the sidelines of the 54th WEF, conduct press interviews, deliver keynote addresses and participate in various panel discussions. Follow our channels to stay tuned for all the action from Davos.
In December 2023, we celebrated two key milestones: the 15th anniversary of Partisia and the 35th jubilee of the multiparty computation (MPC). Fifteen years ago, the value of the MPC-based decentralized exchange (DEX) solution was recognized and it was a stepping stone leading to the creation of Partisia on 16 December 2008. Over the years, Partisia and, later, Partisia Blockchain expanded their offerings based on the MPC technology, developing secure auctions for several sectors, key management for general use and data analytics that forms a new beginning for the data economy. Watch our special edition, Partisia at 15, with our co-founders to know more about the journey to date and future plans.
The last month of the year witnessed another major jubilant – the multiparty computation’s 35th anniversary. In 1988, the global academia was introduced to MPC. The paper written by Professor Ivan Damgård turned many heads in the research community. A PhD student in Jutland was the talk of the academic world. And years later, his theories met the practical implementations. Watch our exclusive feature, MPC at 35, with none other than Professor Damgård, one of the most quoted and published cryptography researchers.
In December 2023, Maria Cocu joined the team as Community Growth and Engagement Associate and Alexander Pombo appointed Adoption Officer. These hires further fortify our commitment to outreach within the broader community, state institutions and regulated corporate sectors. Get to know more about our newest team members in this Q&A. Maria and Alexander are also tasked to geographically broaden our reach, starting with the Spanish-speaking world. Recognizing his expertise and outstanding leadership, Mathias Glintborg was promoted to Head of Product. More appointments will be announced in the new year.
As COP28 in Dubai marked 28 years of impactful initiatives, Partisia Blockchain showcased its commitment to sustainability. Our operations are rooted in Environmental, Social, and Governance (ESG) principles and the United Nation’s Sustainable Development Goals (SDGs). Our co-founder Brian Gallagher’s conversation with BlockchainReporter sheds light on our role in reshaping Web3 for sustainability. From private voting to preventing front-running in decentralized finance, our solutions drive tangible positive impacts. Explore the synergy of sustainability and blockchain through our commitment here, and read the exclusive interview with Brian Gallagher here.
At the recent Next Block Expo in Berlin, our Chief of Growth, Shirly Valge, took center stage. Diving into the realms of Web3 discovery, Shirly discussed the exceptional benefits of decentralization, blockchain, DID and MPC in a captivating keynote and panel discussion. The event provided a platform to share our insights on the incredible potential of these technologies. You can catch up on an exclusive interview here, stay tuned for more video highlights on our social channels.
In December 2023, we announced a decentralized exchange (DEX) building on Partisia Blockchain. TeraBlock is building a unique DEX based on our transformative technology to enable a DEX that guarantees price and eliminates losses for liquidity providers. Metanames is also ready to launch. In January 2024, the community will get a chance to get involved in the launch of the first ever cross-chain naming service.
Our hackathon is moving along well, with more than 450 applicants and seven submissions already. The sixth quarter bootstrap rewards have been computed and will pay out 2.1 million MPC tokens to our stakers. This is another increase from the previous quarter where we paid out 1.6 million tokens. The node operators voted to approve onboarding of the MATIC and USDT Eth tokens to the BYOC portfolio. These two new assets will be available on our cross-chain bridge in January 2024. And the wBTC proposal is scheduled for early next month.
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