by Jesper Buus Nielsen, Chief Cryptographic System Designer
This brief post explains why I believe secure multiparty computation (MPC) is a key technology for creating a better version of the internet and why we founded Partisia Blockchain to unlock its potential.
First, a bit about myself: I am a professor of computer science at Aarhus University in Denmark. For me, MPC and blockchain represent a professional life journey. My PhD thesis in 2003 focused on cryptographic consensus protocols, threshold signature schemes and MPC. Twenty-one years later, these technologies are starting to flourish. Today, they are often known as blockchains, distributed wallets and, well, MPC, and I am still researching them.
If you are reading this post, you probably already know what MPC is. If not, MPC allows multiple servers–each holding private data–to perform computations on the joint dataset without exposing any private data and without revealing anything beyond the computed output. It may sound like magic, but it is just cryptography. For details, see our book here.
I believe MPC has the potential to solve many of the current problems with the internet. The internet was initially envisioned as a space for sharing public information. Instead, it has become a space where we often pour private information into informational black holes, which monetize it in opaque ways, from programmed outrage to influencing voting behavior. You might argue that people should simply stop trading their privacy for trivial rewards. However, when faced with a choice between functionality and privacy, people tend to choose functionality. It is unrealistic to expect this to change, as humans are short-sighted utility optimizers. Fortunately, there is no need to choose between functionality and privacy. MPC demonstrates that you can eat your cake and have it too.
We just need to integrate MPC into everything. Imagine a dream world where using MPC is easy and free. If you wanted to compute on a dataset from several sources, you would simply specify the desired computation in your favorite programming language, indicate where the data is located, compile the code, deploy it, run it. And voilà, the desired result would magically appear where it should, with no leaks. And this process would be as efficient as computing the result on a single computer. Moreover, it would be completely transparent, allowing you to know and control exactly how and when your data was used. Had the internet looked like this from the beginning the way we store and process private data would be completely different, and thousands of new applications would be possible. This does not have to remain a dream world. We can build it, and we should build it!
Two decades ago, I thought researching better MPC protocols would be enough for the world to adopt them. However, implementing and deploying MPC turned out to be more challenging than I anticipated. In 2008, I co-founded Partisia ApS to put MPC into practice. This experience taught me a lot about the real-world challenges of using MPC. For each new use case, we often had to design a new optimized protocol, implement it, and find servers to run it. The hardest part was finding mutually trusted, organizationally separate parties to run the servers and teaching them how to use MPC. While there is still a place for such deployments, it became clear that this approach would not scale if we wanted MPC in everything. If each use case had to bear the cost of developing and implementing a protocol, and if we had to constantly find relevant organizations willing to host the servers, it would not be widely adopted. The solution we came up with was Partisia Blockchain.
Let us look back three decades at how the internet was organized when I was a kid to illustrate why Partisia Blockchain is the way to go. Technologies like FTP, Gopher, Usenet, and Archie technically allowed everything the World Wide Web does today, but there was no dot-com boom. It took Tim Berners-Lee’s 1989 paper, “Information Management: A Proposal”. He rather modestly wanted to improve the way information was shared and managed among researchers at CERN and other institutions. He did not know he had just invented Amazon, eBay, Google, Yahoo, PayPal, Priceline… And of course he had not. He had invented an incredibly potential enabling technology. There might have been a short window where one boomer got the chance to ask “but what is WWW really useful for?” In fact, I know that guy. He was one of my professors the first year at my university. But it quickly turned out that the answer was “Everything!”
In my opinion, one of the most important developments happened in 1995, where the world saw the first version of the open source Apache web server. Now everyone could contribute to developing the WWW and everyone could almost by a single click install a web server and become an “Internet company”. After that no one looked back. There was no reason to ask what WWW was useful for. Everyone started to build what we have today, bottom up. By the early 2000s, Apache had become the dominant web server, powering over 70% of all websites. Apache was very much the enabler and the workhorse of the dot-com boom in the 1990s. Apache’s influence persists today, where 30% of all web servers still run Apache.
So, that was the question: How do we build the “Apache of MPC”? How do we make it possible for everyone to integrate MPC with a “single click”? Instead of having a few MPC companies pursue use cases, we needed to make the technology seamlessly available to everyone to kickstart the building of the MPC internet bottom up. The MPC equivalents of Amazon, eBay, Google, Yahoo, PayPal and Priceline would follow. You will build those! Of course, we needed programming languages and compilers to facilitate this. And we needed tools for integrating MPC with the existing internet technology. That is a lot of work, but it is not fundamentally different from building something like Apache. It is software. However, a major obstacle we were left contemplating was the problem of finding servers to run the protocols. This was an organizational problem, not a software problem. The solution we went for was a blockchain organizing staked and vetted organizations and individuals willing to run the MPCs. Servers hosted by blockchain participants can programmatically be scrambled when needed for an MPC: MPC-as-a-service. You can read more about the Partisia Blockchain architecture here [TBA]. Crucially this converted an organizational problem into a software one. And Partisia Blockchain was born.
There is still a lot of work to be done towards the ultimate dream of making MPC as efficient as computing on a single machine. This is one of the problems I focus on as a university researcher. However, in Partisia Blockchain we are now finally implementing a full-stack, single-click solution to integrate MPC into everything. You should join us in building the workhorse of the MPC internet and start integrating MPC into everything. The rest, I hope, will soon be internet history.
For me, blockchain and MPC represent an ongoing professional life journey. In the future I have two main means of transportation for the journey. From my role as a university researcher, I aim to continually develop better MPC protocols. Through Partisia Blockchain, I hope to help create “the Apache of MPC”. It has been a 21-year journey so far. We came a long way, but we also have a long road in front of us. Let us see where we are in 21 years from now. By 2045, I hope that if anyone asks, “But what is MPC really useful for?” the answer will be a bemused, “Everything!!!”, and that Partisia Blockchain is organizing 30% of the world’s MPC servers.
Until then, let’s get to work!
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In April 2024, Partisia Blockchain achieved significant milestones, including forging partnerships with TPC Ventures and announcing our integration of the $MPC token on StakingRewards.com. We were also proud to announce our membership with the Swiss Blockchain Federation and our Ledger integration with the Partisia Blockchain app. Our presence at various events across the globe this month, such as the TEAMZ Web3 Summit and Token2049, showcased our commitment to innovation and collaboration. Let’s explore our ecosystem updates and key features in the press.
This month we announced our partnership with TPC Ventures, a player in the Web3 space, offering venture capital, development, and consulting services. Teaming up with Sensei Node, TPC Ventures brings a wealth of expertise to the table, providing professional validation and adoption services to bolster our network.
StakingRewards.com, a platform dedicated to collecting, ranking, and simplifying the staking process for various protocols, is now integrating the $MPC token. This integration aims to streamline the staking process and spotlight our unique rewarding structure. With over 200,000 monthly visitors, their platform offers a prime opportunity to reach a broader audience and showcase our rewarding model.
Additionally, Moonrig, a platform aspiring to become the leading rating agency in the digital currency industry, is striving to recruit credible research analysts to conduct deeper financial analysis of digital currencies. This endeavor promises to offer better insights to retail investors and contributes significantly to legitimizing the industry. This collaboration marks another significant step towards widespread adoption and recognition.
Now, you can seamlessly access the Partisia Blockchain app on Ledger devices, thanks to the successful completion of the Kudelski audit in March 2024. With Partisia Blockchain’s inclusion in the Ledger App catalog and support on Ledger hardware devices, MPC token holders can securely store, send, and stake their tokens. This collaboration brings together the cutting-edge security of Ledger, a leading hardware wallet provider, with the functionality of Partisia Blockchain, offering users unparalleled peace of mind and convenience. Get started with our easy-to-follow instructions here.
It is with great pride that we share our membership with the Swiss Blockchain Federation. This prestigious membership marks a significant step for Partisia Blockchain as we join forces with other industry leaders to solidify Switzerland’s position as a global blockchain hub. Together, we are committed to fostering a robust legal framework and innovation in the blockchain space.
The Partisia Blockchain team had an eventful week in Dubai, navigating through challenging weather conditions. At Token2049’s Restaking and Infra Day, Bruce Ahn, Head of Adoption, delivered two presentations. He introduced the BYOC blockchain and the programmable custody solution (MOCCA), emphasizing the significance of programmability and interoperability for Web3’s success. Bruce highlighted how these innovations are pivotal in shaping the future landscape of blockchain technology. At the TEAMZ Web3 Summit in Tokyo, our community engaged with the Partisia Blockchain team. Kurt Nielsen, Partisia Blockchain’s President, took center stage, shedding light on Real World Assets (RWA), blockchain adoption, and more in his keynote. Tokyo witnessed insightful discussions throughout the event, including an RWA panel hosted by EMURGO and engaging dialogues spanning various topics. In Estonia, Shirly Valge, Chief of Growth at Partisia Blockchain, recently took the stage at the Banana Conf (formerly NFT Tallinn) to delve deep into key blockchain topics. She led a panel discussion on the transformative power of blockchain in supply chain connectivity, exploring themes such as real-world asset tokenization, and shared invaluable insights on data privacy and artificial intelligence. Ibiza Tech Forum 2024 where the future of technology unfolds against the backdrop of the vibrant Balearic island, was also an event to remember in April 2024. Amidst the bustling atmosphere, global leaders and tech enthusiasts converged, including the Partisia Blockchain team. Shirly Valge took the stage to deliver a keynote on AI and the critical role of Privacy Enhancing Technology, while Maria Cocu, our Community Growth and Engagement Associate, immersed herself in discussions revolving around community expansion and engagement enhancement strategies. Balearic Islands served as the perfect setting for meaningful connections and cutting-edge insights into the tech landscape. Stay tuned for next month as Shirly Valge will be delivering a keynote and workshop at Block Split in Dalmatia during 27–30 May 2024.
Last April witnessed an uptick in publicity with Partisia Blockchain being mentioned in more than a thousand media outlets. A few highlights include Japanese Asahi TV’s news segment focusing on Web3’s growing importance in Japan and featuring our team members at the TEAMZ Web3 Summit in Tokyo. Our co-founder Brian Gallagher delved into the DeFi trends with Mario Nawfal on X Spaces broadcast. Elsewhere Cointelegraph ran a feature on Partisia Blockchain’s differentiators and solutions it offers and it published a piece on our Grants Program. In another television news segment, Denmark’s TV2 interviewed one of our co-founders Peter Frandsen. The Danish television reportage highlights the importance of data security, the Scandinavian country’s efforts in safeguarding against cyberthreats amid ongoing geopolitical volatility and the need for the data security infrastructure. Also in Denmark, the Aarhus University ran a video featurette about multiparty computation with commentary from Ivan Damgård and Peter Frandsen.
In April, we announced that wBTC will be added as a supported BYOC token on our platform. This integration is a significant step forward in enhancing interoperability within the Partisia Blockchain ecosystem. With wBTC support, users will enjoy seamless gas payments and expanded functionality, opening up new possibilities for decentralized finance and asset management.
Phase 1 of the zkCross Network is now live! zkCross, a zero-knowledge-based DEX, has been launched on Partisia Blockchain, paving the way for a seamless cross-chain collateralized DeFi protocol. This initial phase of the launch facilitates asset swapping and bridging into Partisia Blockchain’s BYOC network, with Phase 2 scheduled for early June. Phase 2 will see the rollout of a full-fledged native DEX on our network. For more details on this exciting announcement, read further here. Our AirDrop program is steadily progressing, with additional assets being bridged into the network. Throughout April, we witnessed a steady growth in Total Value Locked (TVL), accompanied by an increase in staked $MPC, bridged assets, and wallet counts. As we look ahead, we anticipate further growth catalyzed by the launch of zkCross and other dApps aimed at fostering increased activity within the chain.
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Wrapping up a strong first quarter at Partisia Blockchain! This month was marked by significant milestones. First and foremost, our $MPC token is now listed on multiple exchanges, a major achievement for our ecosystem. Additionally, we are introducing staking rewards for $MPC holders and integrating with Ledger for enhanced security. We are privileged to announce the appointment of Dan Zaitsev as our Head of Marketing, underscoring our commitment to innovation. Reflecting on our presence at ETHDenver, we are proud of the impactful partnerships forged, demonstrating our dedication to collaboration. Stay tuned for more ecosystem developments and community initiatives as we continue to drive innovation in the blockchain industry.
March 2024 marked the pivotal moment we have all been waiting for. Partisia Blockchain proudly announced the listing of the $MPC token on multiple exchanges, including KuCoin, Bitfinex, Gate.io, Bitrue, and more soon to follow. Deposits and trading of Partisia Blockchain’s $MPC token on these platforms commenced on 19 March 2024, marking a monumental leap forward for our ecosystem. Renowned for our leadership in privacy-preserving, interoperable and sustainable blockchain solutions, this listing reaffirms our commitment to redefining security, trust, interoperability, and reliability within the blockchain industry.
To time the exchange launch, we also began to acquaint our new community with our unique technology and demonstrate how it compares with others in the industry. What is the $MPC Token, you may ask? Stay tuned for comparison charts highlighting its performance, privacy features, cross-chain messaging capabilities and custody solutions. Be on the lookout for more technology reviews of our unique blockchain, and please share and spread the word.
But that is not all. We are introducing staking rewards for $MPC token holders. Stake your $MPC tokens to unlock substantial incentives across various liquid assets, while also bootstrapping the network. Additionally, BYOC tokens (ETH, BNB, MATIC, USDC and USDT) are utilized for block production, further enhancing the network’s robustness. Dive into our tokenomics with Kurt Nielsen, where we delve into what makes us unique, our philosophy, and future plans for development. Learn about the high-level mechanics of the $MPC token, including staking benefits, by watching our informative video here. Ready to stake your claim in the future of blockchain? Follow our staking instructions here.
We were also excited to announce the integration of the Partisia Blockchain and Kudelski-audited MPC app with Ledger, a leading hardware wallet provider. This collaboration empowers MPC token holders with the ability to securely store, send and stake their MPC tokens using Ledger hardware devices. By joining forces with Ledger, we are providing our community with enhanced security and convenience, further solidifying our commitment to safeguarding their assets and expanding accessibility to our ecosystem.
We are delighted to share our collaboration with Google Cloud Partners, marking a significant milestone in our journey to revolutionize the blockchain landscape with MPC, blockchain and node network technologies. This partnership not only signifies our commitment to innovation, but also opens doors for seamless deployment on the Google Cloud Marketplace, facilitating accelerated mass adoption of our solutions. Together with Google Cloud Partners, we are poised to drive forward the accessibility and integration of our technologies, paving the way for a more interconnected and secure digital future.
Last month, Partisia Blockchain announced the appointment of Dan Zaitsev as the Head of Marketing. Dan brings a wealth of experience in tech innovations and marketing expertise to his role, further strengthening our commitment to innovation and excellence in the blockchain industry. With a remarkable background and a track record of successes, Dan’s arrival marks a pivotal moment for our team.
Taking us back to early March, ETHDenver marked a dynamic kickoff to spring, filled with days of insights, collaboration and networking. Let’s recap the exciting partnerships we announced during this event:
Our journey at ETHDenver was eventful. From fruitful meetings to new partnerships, we extend our gratitude to our community for joining us. Dive into the Denver Dailies for further details and see you next year.
Both stakers and node operators were once again rewarded with MPC tokens for staking. We gave out over 2.6 million $MPC tokens for the Q7 rewards. Alongside this, we also began to see higher on-chain transactions. This translated to the node operators earning more than 100,000 in BYOC tokens. As the network grows further, we anticipate further earnings by our node operators. Look for an opportunity for delegated stakers to earn these BYOC rewards in the future.
In the ecosystem, notable advancements have taken place in March. DelNorte launched its project in one of the municipalities in El Salvador, beginning the minting of official property deeds. Check out our Twitter spaces AMA session with Del Norte CEO Anton Glotser to learn more. Nova Miningverse is gaining momentum, boasting over 1400 unique transactions. Additionally, zkCross (formerly TeraBlock) is on the verge of launching their initial bridging platform, with subsequent work beginning to launch a swap/DEX. First month of spring witnessed a significant surge in dApps launching on mainnet, with more coming in April.
We extend our thanks to our community for their unwavering support and enthusiasm. Stay tuned for more exciting developments and initiatives in the coming months.
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ZUG, 26 MARCH 2024. The Partisia Blockchain Foundation, a pioneer in privacy-centric and interoperable blockchain solutions, is proud to announce the launch of its Grants Program. Aimed at fueling innovation within the blockchain ecosystem, this program is set to provide crucial financial support to projects that leverage the unique features of the Partisia Blockchain to address pressing challenges in privacy, interoperability, and scalability.
The Grants Program is open to entrepreneurs, developers, and innovators worldwide with projects that not only solve significant problems but also demonstrate a clear path to commercial viability and scalability. Successful applicants will receive funding in $MPC tokens, along with access to a vast network of industry experts and resources to bring their vision to reality.
Co-founder of the Partisia Blockchain, Brian Gallagher, remarked, “We are at a pivotal moment in the evolution of blockchain technology. The Partisia Blockchain Grants Program represents our commitment to supporting projects that share our vision of a more private, interoperable, and scalable blockchain ecosystem. We believe in empowering developers and entrepreneurs to build solutions that can truly make a difference in the world.”
Applications for the Grants Program are now open, with the foundation seeking proposals that exhibit a strong understanding of the Partisia Blockchain’s capabilities, a detailed financial and growth model, and a clear benefit to the broader blockchain community.
The Grants program is divided into two types:
For: Start-ups looking to build or enhance a business and major integrations
Application steps: https://partisia.link/grants
For: Teams looking to build smaller projects, proof of concepts, community tools or for small integration.
Application form: https://partisia.link/fast-track-grants-form
Applications for the Grants Program are now open, with the Foundation seeking proposals that exhibit a strong understanding of the Partisia Blockchain’s capabilities, a detailed financial and growth model, and a clear benefit to the broader blockchain community.
About Partisia Blockchain: The Partisia Blockchain is designed from the ground up to address the key challenges of privacy, interoperability, and scalability in the blockchain space. By combining cutting-edge cryptographic solutions with a novel consensus mechanism, Partisia Blockchain aims to set new standards in secure and efficient blockchain operations. Unlock your project’s potential with Partisia Blockchain’s 100 million $MPC Grants Program for ecosystem growth and mass token adoption.
Apply now: https://partisiablockchain.com/develop/grants-program/
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ZUG, 25 MARCH 2024. Partisia Blockchain is pleased to announce the appointment of Danylo Zaitsev as the Head of Marketing, effective immediately. Danylo brings a wealth of experience in tech innovations and marketing expertise to his role, further strengthening our commitment to innovation and excellence in the blockchain industry.
With a background rooted in Ukraine, Danylo embarked on his tech journey 20 years ago as a product marketing manager. Over the past eight years, he has served as a C-level executive and founder, garnering invaluable experience in startups and tech enterprises. His track record of successes includes assisting numerous tech companies worldwide in building and scaling profitable businesses from inception.
In his current role at Partisia Blockchain, Danylo will work closely with the senior leadership team to enhance marketing strategies to further increase brand visibility and market penetration. His adeptness at navigating complex challenges positions him as a valuable asset in our goal of growth and market leadership.
Prior to joining Partisia Blockchain, Danylo held various leadership roles within the tech sector, building his skills in marketing, product development and business strategy. His dedication to excellence and passion for technology make him a natural fit for his role as Head of Marketing.
Partisia Blockchain is privileged to welcome Danylo Zaitsev to the team and anticipates his invaluable contributions to furthering the organizational objectives. His appointment underscores our commitment to assembling top-tier talent and reinforces our position as a leader in the blockchain industry.
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
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ZUG, 18 MARCH 2024. Partisia Blockchain has been informed by several exchanges, such as KuCoin, Bitfinex, Gate.io, MEXC, BitMart and Bitrue that they have opened deposits and the trading of Partisia Blockchain’s MPC token on their respective platforms will commence tomorrow or shortly after.
Renowned for its leadership in privacy-preserving, interoperable and sustainable blockchain solutions, Partisia Blockchain reaffirms its commitment to redefining security, trust, interoperability and reliability within the blockchain industry.
The decision by these exchanges to list Partisia Blockchain’s MPC token reflects their recognition of its unique value proposition. The MPC token is the foundation of Partisia Blockchain’s security architecture, guaranteeing the steadfastness and durability of our ecosystem as a whole. With its collateralization approach, it strengthens the network by allowing new nodes to be spun up. The simultaneous launch also underscores the token’s appeal to users prioritizing privacy and who seek active participation in shaping the future of Web 3.0.
Kurt Nielsen, President of the Partisia Blockchain, says:
“We are humbled to witness the overwhelming interest for the MPC token leading up to its launch, and we are pleased to have it on multiple exchanges. This listing reaffirms not only our position in the industry, but also the important role of our technology, which ensures trustless transaction safety without compromising on speed, scalability or interoperability. By enhancing the resilience of the blockchain ecosystem and empowering users to participate in shaping the future of the user-centric Web 3.0, the MPC token paves the way for transformative innovation.”
The collective endorsement from multiple exchanges serves as a testament to Partisia Blockchain’s prominent place within the blockchain sector, advancing not only blockchain technology, but also championing multiparty computation (MPC) technology, which enhances security in every digital transaction and realizes the Web 3.0 vision where the users are in control of their own data.
At the core of the MPC token lies the transformative MPC technology, pioneered 35 years ago by Partisia’s co-founder Professor Ivan Damgård. The MPC technology maintains data encryption in all states—ensuring the safety and usability of information while granting users complete control over their data—makes the MPC token unique, with privacy becoming all-too important in our digital present and future. The MPC token establishes a new benchmark for blockchain security, reinforcing confidence and dependability in every transaction.
In an era where privacy and security are paramount, the MPC token stands out as a beacon of trust and security, with privacy serving as its cornerstone. Within the digital assets industry, the MPC token functions as critical collateral and incentivizes active participation in network operations, with node operators reaping rewards in the form of transaction fees, Bring Your Own Coin (BYOC) and MPC ecosystem rewards.
The simultaneous listing of the MPC token on several exchanges represents a significant stride towards Partisia Blockchain’s vision of building a robust decentralized finance (DeFi) ecosystem, Web 3.0 infrastructure and privacy-focused networks. As users learn more about the MPC token and leverage its capabilities to drive innovation, Partisia Blockchain remains committed to pushing the boundaries of blockchain technology and fostering a future where privacy, security, and interoperability fosters the next level of inclusivity and collaboration.
The terms and conditions on purchasing MPC tokens are set forth by each exchange.
About Partisia Blockchain: Partisia Blockchain is the Web 3.0 public blockchain built for trust, transparency, privacy, and fast turnaround times. Its unique combination of advanced cryptographic techniques and distributed computing principles sets it apart. By leveraging secure multiparty computation (MPC), Partisia Blockchain ensures privacy preservation without sacrificing efficiency, speed or security. Each day since 1988, Partisia is paving the way for anyone to create blockchain solutions to solve real use cases and tomorrow’s challenges – for real people. Learn more: www.PartisiaBlockchain.com
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Hello, Partisia Blockchain enthusiasts!
We are pleased to announce an exciting community contest to celebrate the first exchange listings of $MPC. It is not just a celebration; it is a challenge that comes with rewards.
The challenge awaits.
We are calling on the traders, the streamers, the blockchain believers, and especially the early adopters who have been with us on this journey. The first three participants to post a live stream of themselves trading $MPC on any exchange will win a prize in $MPC tokens. Whether you are a seasoned trader or just starting out, this is your moment to shine and potentially earn some $MPC for your portfolio.
There are two ways you can participate.
Screenshot contest:
First 10 participants to post a valid screenshot of a trade will earn 100 $MPC each. Valid for each exchange that lists us within a one week period. Multiple entries per participant accepted.
Streaming to Parti.com:
Valid for each Exchange that lists us within a one week period. Multiple entries per participant accepted. The winners will be announced a week after the streaming ends.
Streaming to other platforms:
Valid for each Exchange that lists us within a one week period. Multiple entries per participant accepted. The winners will be announced a week after the streaming ends.
This contest is not just about winning prizes; it is a celebration of our community’s growth and the milestones we have achieved together. By participating, you are not just showcasing your trading prowess; you are also supporting the broader vision of Partisia Blockchain. It is a unique opportunity to be part of something bigger, to engage with like-minded individuals, and to help shape the future of decentralized trading and blockchain technology.
Ready, set, go!
We cannot wait to see your screenshots and live streams and share in the excitement of the first exchange listing of $MPC. Remember, it is not just about trading; it is about being part of a community that is pushing the boundaries of blockchain technology. Let’s make this contest a moment to remember.
Good luck to all participants. May the fastest traders win!
Happy trading,
Partisia Blockchain Community Team
ZUG, 13 MARCH 2024. Partisia Blockchain, a leader in privacy-preserving, interoperable and sustainable blockchain solutions, has been notified by multiple exchanges that they plan to list the MPC token. This pivotal development marks a significant milestone for the Partisia Blockchain ecosystem and reflects the growing recognition and demand for the MPC token within the broader blockchain industry.
The MPC token, named after the multiparty computation technology pioneered by Professor and co-founder of Partisia Ivan Damgård in 1988, serves as the cornerstone of the Partisia Blockchain, embodying a unique and revolutionary approach to blockchain technology. The MPC technology maintains data encryption in all possible states, safeguarding underlying information and giving users enhanced control over data. Unlike traditional digital assets, the MPC token plays a multifaceted role within the ecosystem, serving as essential collateral and incentivizing active participation in network operations.
At its core, the MPC token functions as the linchpin of the Partisia Blockchain’s security framework. As a fundamental component staked to all nodes within the network, the MPC token ensures the integrity and resilience of the entire ecosystem. Its innovative collateralization model sets a new standard for blockchain security, underpinning trust and reliability in every transaction conducted on the Partisia Blockchain.
Kurt Nielsen, President of the Partisia Blockchain, says:
“The listing of the MPC token on multiple exchanges represents a pivotal moment in our journey to redefine the landscape of blockchain technology. We are excited to expand the accessibility of the MPC token to a broader audience of contributors, developers, and enthusiasts, thereby unlocking new opportunities for growth and innovation within the Partisia Blockchain ecosystem.”
For users actively engaged in network operations, the MPC token offers a dual-purpose mechanism for participation and rewards. Node operators are not only rewarded with transaction fees in the form of Bring Your Own Coin (BYOC), such as ETH, USDC, USDT, BNB and MATIC, but also earn MPC ecosystem rewards, incentivizing ongoing contribution to the network’s robustness and security.
Furthermore, the Partisia Blockchain introduces an innovative staking mechanism, allowing participants to stake their MPC tokens in other nodes. This process not only enhances network security by adding layers of additional insurance and collateral but also democratizes the benefits of network participation, ensuring inclusivity and equity among all ecosystem participants.
The listing of the MPC token on multiple exchanges underscores Partisia Blockchain’s commitment to fostering a vibrant and dynamic ecosystem of decentralized innovation. As the demand for secure and scalable blockchain solutions continues to grow, the MPC token stands poised to lead the charge towards a more resilient and inclusive future for blockchain technology.
The exchanges set to announce the exact timing of the MPC token listing on their respective platforms.
About Partisia Blockchain: Partisia Blockchain is the Web 3.0 public blockchain built for trust, transparency, privacy, and fast turnaround times. Its unique combination of advanced cryptographic techniques and distributed computing principles sets it apart. By leveraging secure multiparty computation (MPC), Partisia Blockchain ensures privacy preservation without sacrificing efficiency, speed or security. Each day since 1988, Partisia is paving the way for anyone to create blockchain solutions to solve real use cases and tomorrow’s challenges – for real people. Learn more: www.PartisiaBlockchain.com
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From forging strategic partnerships at ETHDenver to launching our highly anticipated 25 million $MPC AirDrop program, the shortest month of the year has been a whirlwind of excitement and growth for Partisia Blockchain. We solidified ties with Georgia’s Innovation and Technology Agency, ventured into new realms with TeraBlock and Verida through engaging AMAs, celebrated the ingenuity of our hackathon winners, and embarked on a mission to empower Rust developers with TinTinLand. With fast track grants, educational initiatives, and a thriving community, we are ready for even greater success ahead. Thanks to our incredible community for your unwavering support – let’s make Q1 unforgettable!
In early February 2024, Partisia Blockchain achieved a significant milestone in advancing innovation by solidifying ties with Georgia’s Innovation and Technology Agency (GITA) under the Ministry of Economy and Sustainable Development. Partisia Blockchain will play a key role in shaping the minds of participants in GITA’s educational programs, contributing insights on MPC, homomorphic encryption and their integration with blockchain technology. This commitment to education reflects the shared vision of advancing technology while ensuring knowledge and understanding pave the way for a sustainable future.
ETHDenver was a platform for new partnerships, expanding our horizons and widening the reach of our unique technology. Trustswap, a provider of decentralized finance tools for token holders and Web3 businesses, is integrating Partisia Blockchain into their Crypto App, expanding MPC accessibility to 5 million users. Partisia Blockchain also partnered with Sierra Block Games, Web3 development, consulting and educational services organization, for validator services and adoption support. We will also collaborate with IoTex to realize the Decentralized Physical Infrastructure Network (DePIN), safeguarding users’ IoT data ownership and monetization while rewarding data use without exposing confidential details. Together, they aim to protect users’ private IoT data and enable its secure utilization.
We were thrilled to launch our first official AirDrop on 1 February, marking a significant milestone for ecosystem adoption. With the governance vote for MPC token transferability looming, this AirDrop underscored Partisia Blockchain’s vision. Boasting an impressive pool of 25 million $MPC tokens, it offered unparalleled opportunities for early adopters. The first tranche kick started ecosystem expansion. Participants gained firsthand experience with leading MPC and blockchain technology, secured the network, and explored innovative dApps. As we geared up for MPC token listing, this AirDrop invigorated the ecosystem.
We were thrilled to see our AirDrop program resonate strongly with the community, especially given the impressive growth in our ecosystem. Since its inception, our ecosystem has witnessed remarkable progress:
These statistics underscore the growing momentum and enthusiasm within our community, and we have you to thank. Detailed participation information can be found on our official AirDrop page.
We launched our fast track grants in February 2024. These grants are geared toward developers planning to build something smaller in nature, and does not have to be geared toward building a business. We will pursue developers who wish to contribute to the community by building examples, PoC, and tools. For more information about our Grants Program, click here.
On 14 February, we held the second AMA with the up and coming cross-chain decentralized exchange TeraBlock. This time around we invited TeraBlock’s Shivam Tandon, Founder and CEO, and Muhammad Ali, Chief Commercial Officer, to provide insights from a non-developer’s perspective, on why Terablock is a game changer for DeFi, powered by the Partisia Blockchain. On 22 February, we held a dual AMA with ecosystem partner Verida. Mathias Glintborg, our Head of Product, and Chris Were, CEO of Verida, both introduced the projects to each other’s community, its use cases and technological achievements. An excellent primer for both data on decentralized Identity for Web3 (Verida) as well as multiparty computation.
Our Building Privacy in Web3 Hackathon concluded with a bang. We announced six winners, all projects that showcase our unique capabilities. From random number generations to supply chain management to zero-knowledge games, developers came out to really showcase their talent and show us how our amazing technology can be used. We will be continuing to work with them to bring them into the mainstream.
Partisia Blockchain and TinTinLand are set to launch a learning program aimed at attracting more Rust developers to our ecosystem. Currently, only 22,000 out of 30 million global developers are engaged in Web3. The collaboration aims to scale the developer ecosystem and unlock the Chinese developer community, attract new Rust developers from China, organize hackathons, workshops, and developer meetups, and promote our Grants Program. Together, we hope to expand developer engagement and foster growth within our ecosystem, particularly in China.
Thanks again to our amazing community for your dedicated support, we look forward to an exciting end to Q1 next month.
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