November has been a month of growth and innovation for Partisia Blockchain! From welcoming new projects like Varmeta and BoostyLabs, to enabling BYOC tokens like wBTC and introducing wrapped MPC, we’re expanding the ecosystem and improving accessibility. With browser upgrades and exciting announcements like the upcoming zkCrossDEX launch, there’s a lot to look forward to. Read on for all the details, including highlights from our partnerships and events!
We’re getting more projects building on our chain! Two new projects have received grants from the foundation to build on the Partisia Blockchain network.
Varmeta is building out a sealed bid NFT auction system that integrates Partisia Blockchain’s MPC as a service. Building on the BNB Chain, Varmeta will enable NFT platforms to conduct confidential auctions where bid details remain private until the auction concludes. This approach mirrors what Profila is achieving on the Cardano network, showcasing the versatility of our technology in enhancing blockchain solutions.
BoostyLabs has signed a grant to develop a lending protocol on Partisia Blockchain. This initiative underscores our commitment to expanding the DeFi space by supporting innovative solutions that strengthen our ecosystem. Stay tuned as we continue to grow and add more exciting projects to the network!
We’ve also been busy looking to lock up more partnerships and our latest trip lead us down to DevCon at Bangkok. We took part in multiple events both showcasing our technology and looking for new partnerships in an ever growing privacy sector in blockchains. We took part in a pitch session and a workshop at the Staking Summit, a pitch and panel session at DeCC x Shielding summit and took part in podcasts by TheStreet.
In a special Twitter Space AMA, Emurgo hosted Partisia Blockchain and Profila to spotlight the growing partnership between Cardano, Partisia Blockchain, and Profila. The discussion underscored our commitment to enabling MPC as a service across blockchains, reinforcing our core philosophy of collaboration over competition.
This event highlights our dedication to fostering partnerships that drive innovation and extend the reach of MPC technology to new networks.
We’ve got some exciting news! New BYOC tokens are coming live on Partisia Blockchain! We’ve enabled wBTC as a BYOC token on Partisia Blockchain, making us one of the few blockchains to allow transactions using this popular token as a means of payment.
In line with our mission to remove friction for users, we now support the wrapped MPC token as a BYOC token. A new feature in the browser enables seamless wrapping of MPC tokens, marking the first step toward making our network even more user-friendly. The next phase will eliminate the need for initial gas when wrapping MPC tokens, allowing new users to interact with the chain without bridging gas via traditional BYOC tokens.
Get ready for our first decentralized exchange, zkCrossDEX, which is set to launch in December! While we finalize a few last-minute adjustments, stay tuned for a bug bounty program and incentive initiatives to celebrate the launch.
Exciting times are ahead as we continue enhancing accessibility and innovation on Partisia Blockchain!
As part of our commitment to making the Partisia Blockchain network more accessible, our browser has undergone several updates and added new features. These enhancements simplify the process of operating a node and staking, ensuring a smoother experience for users.
We invite you to explore the improved browser and share your feedback. Your input helps us continue refining and optimizing the tools that empower our community!
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Blockchain is reshaping the world as we know it, and Partisia Blockchain is at the heart of these changes. From Geneva to Dubai, our team has been busy sharing ideas on how to bring real-world impact through blockchain. At CV Summit, our CEO Adrienne Youngman broke down the game-changing potential of tokenizing real-world assets, showing how it can make finance safer and more accessible for everyone.
In Geneva, Alex Pombo discussed how blockchain can drive social good, while in Dubai, Shirly Valge stressed the need for privacy in Web3, especially in our ever-evolving digital landscape. Across panels, keynotes, and exclusive interviews, our message remains clear: real-world applications of blockchain and privacy-focused tech aren’t just ideas; they’re becoming reality. Here’s a glimpse into what we’ve been up to and the projects leading the way.
At this year’s CV Summit, Partisia Blockchain’s CEO, Adrienne Youngman, took part in an engaging panel on RWA, the Tokenization of Everything. Adrienne joined industry leaders to explore the transformative potential of blockchain in reshaping the future of asset tokenization. The panel covered how tokenizing real-world assets (RWA) can make finance more accessible, efficient, and secure. Adrienne’s insights highlighted the critical role of blockchain in driving this shift, showcasing how Partisia Blockchain is at the forefront of bringing the benefits of tokenization to real-world applications.
Partisia Blockchain’s Head of Government and Institutional Adoption, Alex Pombo, joined a panel discussion at the Token for Good Conference in Geneva. In the ‘Enhancing Finance Systems for Good’ panel, Alex shared insights on how blockchain technology can transform financial systems to drive positive societal impact. The conversation explored blockchain’s potential to increase transparency, inclusivity, and accountability in finance, sparking inspiring ideas on the role of tech in creating meaningful change worldwide.
At Blockchain Horizons, hosted by the British-Swiss Chamber of Commerce in Basel, Alex Pombo also joined an insightful panel discussion. The session explored blockchain’s role in shaping the digital landscape of tomorrow, with a focus on privacy, security, and its potential to transform industries worldwide. Alex shared Partisia Blockchain’s perspective on how secure, privacy-focused solutions can drive blockchain adoption across sectors, emphasizing blockchain’s power to redefine trust in the digital age.
Shirly Valge, Partisia Blockchain’s Chief of Growth, represented us at the Future Blockchain Summit in Dubai, where she delivered a compelling keynote on the importance of privacy in Web3. In light of GDPR and the increasing focus on data protection, Shirly discussed why privacy is essential in the evolving digital landscape and how technologies like MPC and DID can address these needs.
Additionally, Shirly joined a panel on Web3 in Action: Real World Use Cases and Success Stories, where industry leaders shared practical applications of Web3, underscoring the transformative power of blockchain in sectors like healthcare. Shirly’s insights reflected Partisia Blockchain’s commitment to real-world solutions that prioritize security and privacy.
Catch her in an exclusive interview with Adel Bhurtun from the event here on YouTube, where she explores what sets Partisia Blockchain apart, shares inspiring use cases, and delves into the future of Web3.
A recent CoinDesk article delved into why Partisia Blockchain is set apart in the data privacy space. CEO, Adrienne Youngma,n shared how years of real-world application and cryptographic expertise allow Partisia Blockchain to tackle privacy challenges that limit public blockchain adoption. With secure, privacy-preserving tech powered by multiparty computation (MPC), Partisia offers solutions that make sensitive data safe and usable. Thank you, CoinDesk, for the feature! Catch the full article here.
The latest Partisia Blockchain community call brought exciting updates about upcoming developments. ZK Cross is preparing for a full mainnet launch in November, which will include a decentralized exchange (DEX) and bug bounty program. CEO Adrienne Youngman announced new team member Bettina joining as a dev rel specialist, bringing expertise in digital identity and distributed ledger technology. She’ll be leading initiatives around privacy-focused category building and developer content creation. Other topics of discussion have been Partisia Blockchain’s presence at DevCon in Bangkok, including sponsorship of the Staking Rewards Summit and various speaking engagements and the recent media coverage.
We also had a chance to highlight a very special project that is building on our chain. Both Cardano and Partisia Blockchain had a chance to host Profila. The first AMA was hosted by us, but Profila and Partisia got a chance to present the project at the Cardano Summit in Dubai! Check out the AMA here and the video of the presentation at the summit here. Learn more about Profila here!
The first phase of our airdrop program was completed. We distributed to 6860 unique wallets with a claim rate of 52.5%. While the airdrop was a success, we also know that there were those who really supported the airdrop through running transactions almost daily. We are working on ensuring those who supported the most are rewarded fairly. Look for additional news in November!
We recently gave a grant out to Unmarshal to build out a new explorer! As many already know, Unmarshal is providing RPC services for projects building on our chain. With that project completed, they are now turning their attention to building out a explorer for Partisia Blockchain. Look for a fresh explorer coming soon!
We will be at Devcon! We will be participating in giving talks, panel sessions and setting up booths in multiple events during DevCon week in Bangkok!. If anyone will be there, we’d love to meet with you! Let us know in TG or Discord!
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As we reflect on the month of September, we are excited to share the highlights of our journey and achievements in the blockchain space. This update covers our participation at Token2049 in Singapore, where we explored the future of real-world assets and decentralized technologies alongside industry leaders. We also introduce our new CEO, Adrienne Youngman, who is set to steer our mission toward enhanced community engagement and product adoption. Additionally, we celebrate Kurt Nielsen’s recognition as a top Digital Asset Influencer, unveil our partnership with various projects and more. Join us as we dive into these exciting developments and look ahead to the future of Partisia Blockchain.
Token2049 in Singapore was two days of dynamic conversations, networking and exploring the latest innovations in blockchain and Web3. On Day 1, our reDeFining RWA event featured panels on DeFi and the future of real-world assets, with industry leaders like Chainlink, Solana, ERC3643, Ripple and Emurgo sharing valuable insights on the future of DeFi, RWA and how critical privacy is to the industry. You can watch the full recordings for insights into blockchain innovation here. Read more on the future of digital assets and blockchain as discussed during Token2049 in our Day 1 recap blog.
Day 2 turned the spotlight on our incredible partners, showcasing cutting-edge solutions in tokenization, privacy technology and more. The day was filled with project booths and fairs, highlighting innovative contributions from projects like zkCross Network, Trustswap and others. Read more on blockchain, technology of the future and our Day 2 recap blog.
Together, we welcomed over 2,000 attendees across both days, all eager to explore the future of RWA and Web3. A massive thank you to everyone who joined us and contributed to our reDeFining RWA event’s success.
At Token2049, we also proudly announced our partnership with Profila, a groundbreaking initiative that empowers users to own and monetize their data. Built on the Cardano blockchain, Profila will integrate Partisia Blockchain’s multiparty computation (MPC) as a service to enhance its core offerings. This collaboration, financed by Project Catalyst, exemplifies how projects across different blockchain ecosystems can leverage Partisia Blockchain’s innovative technology for mutual benefit. Be sure to watch their keynote presentation here.
We also emphasized our membership in the DeCC Alliance (Decentralized Confidential Compute), an important collective of data privacy-enhancing blockchains. This alliance is dedicated to educating the community and promoting the essential need for privacy-preserving technology within the blockchain space. Our involvement in various side events at Token2049 highlighted DeCC’s mission, and we are excited to contribute to this emerging narrative in the industry.
This September, the Partisia Blockchain Foundation welcomed Adrienne Youngman as CEO, marking a new chapter for our community. Adrienne’s background in Web3 innovation, business strategy and entrepreneurship aligns with our mission to drive adoption of privacy-preserving blockchain solutions. Her leadership will enhance product adoption, community engagement and global awareness, positioning Partisia Blockchain for its next phase of growth. With Adrienne at the helm, we look forward to strengthening our collective impact and advancing real-world applications of our technology.
Filedgr is bringing transparent data solutions to life through our multiparty computation technology. If you are curious about how this technology is being implemented and what the future holds for our partnership, catch our recent discussion in X Spaces with the Filedgr team. Discover the transformative potential of this collaboration by tuning in here.
This month we were proud to announce that Kurt Nielsen, Council President of Partisia Blockchain, has been named one of Bitcoin Insider’s Top 120 Digital Asset Influencers in Europe. This recognition reflects not only Kurt’s commitment to privacy-preserving blockchain solutions, but also the Partisia Blockchain community’s collective impact in shaping the future of secure, decentralized technologies.
As we gear up for the CV Summit in the heart of Crypto Valley on 1-2 October 2024, the Partisia Blockchain team is excited to engage with our community and industry leaders. This event is more than just an opportunity to showcase our innovative blockchain solutions, it is a chance to explore how privacy-preserving technologies are driving real-world adoption across multiple sectors. With security and interoperability at the core of our mission, we look forward to meaningful discussions on the future of decentralized technologies.
Adrienne Youngman, our new CEO, will also be sharing her expertise in a panel session on “RWA, the Tokenization of Everything,” where she will explore the transformative potential of asset tokenization. Join us on 1 October 2024 at 16:00 CET to connect, collaborate, and learn how Partisia Blockchain is shaping the future of blockchain solutions. Stay tuned for more insights and updates from Zug!
We are thrilled to announce that we have distributed the first of two drops for our AirDrop. Don’t miss out—make sure to claim your tokens before the next and final claim period ends on 20 October 2024. Check your eligibility here.
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The second and final day of Token2049 is a wrap! Today was packed with discussions around the future of Web3, the power of tokenization, and the role of stablecoins in the financial system. With numerous panels and networking sessions, here are the highlights from day two:
A key theme today was the growing potential of tokenization to transform asset ownership. From real estate to commodities, speakers discussed how blockchain technology can enable the tokenization of real-world assets, making them more liquid and accessible. By creating digital representations of physical assets, tokenization is not only democratizing investment opportunities but also improving the efficiency and transparency of asset transfers.
Stablecoins, and their relationship with Central Bank Digital Currencies (CBDCs), sparked lively debate. The discussion centered on how stablecoins serve as a bridge between traditional financial systems and digital assets, offering liquidity and stability. Meanwhile, panelists explored the global race for CBDCs, with nations such as China and Singapore leading the charge. The consensus was clear: both stablecoins and CBDCs will play critical roles in the future financial ecosystem, though there are still challenges regarding regulation and interoperability to address.
As Web3 continues to evolve, privacy and data security were identified as critical issues. Panelists explored how privacy-preserving technologies, such as zero-knowledge proofs and multiparty computation (MPC), can help secure user data in decentralized systems. As users demand more control over their data, blockchain solutions that balance transparency with privacy are expected to be at the forefront of Web3’s development.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain, offered his take on the day’s events:
“Tokenization and privacy-preserving technologies are opening new doors for Web3. Today’s discussions have made it clear that we are only scratching the surface of what is possible in decentralized finance and digital assets.”
Thank you for tuning in to our daily recaps and if you would like to reach out to us, feel free to check our socials below.
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We kicked off the first day in Singapore during Token2049. It is an honor to be a gold sponsor of the 2024 edition and discuss the advancement of the Web3 space during this eventful week. With a full schedule of panels and keynote sessions, here is a recap of today’s major themes:
One of the recurring topics is the institutional interest in blockchain and digital assets. Speakers from major financial institutions emphasized the increasing recognition of blockchain as a tool for improving operational efficiency, transparency, and compliance. The discussions touched on the integration of blockchain into traditional finance systems and the regulatory frameworks emerging across Europe and Asia, especially with Europe’s MiCA and Singapore’s regulatory advancements leading the charge.
DeFi was a major focus today as speakers explored how decentralized financial protocols are revolutionizing traditional banking services. With discussions around liquidity provision, decentralized exchanges, and lending protocols, panelists highlighted the potential of DeFi to enhance financial inclusion while lowering transaction costs. Security and governance within DeFi ecosystems also took center stage, with new solutions being proposed to ensure the stability of these systems as they scale.
During one of the panel sessions hosted by Partisia Blockchain on Level 3, it was discussed that “structured products are the next big thing for DeFi integration, DeFi use work with DeFi if it is going to go mainstream”.
Web3 and its promise to reshape the internet are prominent today. Participants discussed the decentralized internet’s potential to return control of data and assets to users, moving away from the current centralized model. The conversation highlighted how Web3 infrastructure must evolve, addressing challenges related to scalability, interoperability, and user experience before it can achieve mainstream adoption.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain Foundation, reflected on today’s sessions: “We are on the brink of a new era in digital assets and blockchain. The conversations today have shown how institutions and innovators are working together to create a more transparent, decentralized financial system.”
We look forward to sharing tomorrow’s highlights with you.
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August was filled with exciting developments and reflections for Partisia Blockchain. In this recap, we share our upcoming participation as a Gold Sponsor at Token2049 in Singapore, where we will lead discussions on DeFi and Real World Assets (RWA) and the value they bring to the future of our industry. We also highlight the launch of our first mobile wallet, Koala Wallet, which now supports our MPC token across multiple platforms. Additionally, we are now members of the ERC3643 Association, positioning ourselves at the forefront of the RWA tokenization standard setting. We also reflect on key insights from our team members, including Peter Frandsen’s thoughts on data privacy and Bruce Ahn’s perspective on growing the Web3 pie. Dive into the full update to learn more.
We are excited to announce that the Partisia Blockchain Foundation is a Gold Sponsor at Token2049 in Singapore, held at the iconic Marina Bay Sands. Join our team alongside our exceptional partners as we showcase our leadership in DeFi and RWA with thought-provoking speeches, trendsetting panels and interactive booths. On 18–19 September 2024, do not miss our exclusive reDeFining RWA event, where we will explore the future of RWA, DeFi, and multiparty Computation (MPC). No Token2049 ticket is needed to join our event on level 3 in Marina Bay Sands. You can register for Day 1 (18 September) and Day 2 (19 September) here. Stay tuned on our socials to check out the partners we will be bringing along with us. See you there!
Our first mobile wallet, Koala Wallet, developed by Eucalyptus Labs, now supports our MPC token across iOS, Android and browser extensions. The next step is to integrate this wallet into various applications, with browser integration and upcoming DeFi applications set to roll out next month. For detailed instructions on how to add MPC tokens, be sure to check out this link.
Partisia Blockchain Foundation is now a contributing member of the ERC3643 Association. As part of this group, we will actively shape the future of this standard. We believe RWA is key to expanding the Web3 ecosystem, and our role in the Association cements our credibility as a key player in this space. During our AMA with Luc Falempin, Director at the ERC3643 Association, the team touched upon the various critical components of RWA, going beyond simple tokenization and the role Partisia Blockchain will play in helping to push the standard forward. You can watch the AMA here.
Last month of the summer saw an increase in publicity with Partisia Blockchain being mentioned in a number of media outlets. A few highlights include a Crypto News op-ed about bringing transparency into the fundraising process and measuring a direct impact of charities. The piece further highlights our joint efforts with the likes of the Elton John AIDS Foundation and Health Innovation Exchange to trace the impact of donations through the Partisia Blockchain-powered Vorne platform. Partisia Blockchain also made it to CoinMarketCap’s list of Top Staking Rankings. CryptoNews and NewsBTC highlighted our integration with Koala Wallet. Shirly, Mathias and Bruce Bruce were on various X Spaces to engage with the wider audience on a variety of topics, including products, AirDrops, DEX progression, our launch of the mobile wallet and other topics. Listen to both AMAs here and here.
In early August, our Chief of Growth, Shirly Valge, had an insightful engagement at BlockStart in Glasgow on 1–2 August. She took the stage to engage in panels discussing the challenges of managing global Web3 regulations and the transformative potential of tokenization in democratizing access to real-world assets. It was an inspiring event filled with valuable discussions on the future of Web3 and blockchain innovation.
In August, our Co-Founder, Peter Frandsen, shared his thoughts on a pressing issue: how to share confidential data between organizations while maintaining privacy. In his blog, Peter explores how MPC technology is transforming data collaboration, ensuring security without compromising privacy. Dive into his insights on the future of data-driven decision-making here.
Mathias Glintborg, our Head of Product, explores how Partisia Blockchain is enhancing Self-Sovereign Identity (SSI) by integrating secure multiparty computation (MPC) and blockchain technology. He discusses how MPC addresses key challenges, such as private data activation, secure storage and privacy in SSI, offering a more complete solution than current models. This innovative approach not only improves data privacy and verification, but also opens up opportunities for compliant data analytics and private AI. SSI builders can leverage this cutting-edge technology, with support and grants available from Partisia Blockchain to help launch the next generation of digital identity solutions. Bruce Ahn also reflected on his recent meetings and conferences. In his opinion piece, Bruce discusses the urgent need to expand the Web3 ecosystem by introducing real-world use cases and engaging new users. His reflections offer his insights into how the boundaries of blockchain technology can be pushed. Explore Bruce’s thoughts here.
We are excited to announce that in September 2024, we will distribute our next set of staking rewards—the largest to date! Over 3 million $MPC tokens will be distributed. Make sure to stake your tokens now to participate in this upcoming reward period and maximize your returns.
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As a part of my role at Partisia Blockchain Foundation, I meet a large number of interesting people at various conferences and events. Some are in Web3 in nature and others are more institution based. And I find there is a difference between these two types of people that highlight what I think is one of the biggest challenges in Web3 currently.
In Web3 conferences, I’m usually meeting the same people I met year after year.
My recent trip to Malaysia and Germany showed this phenomenon clearly. During the Malaysia Blockchain Week, I met with Web3 people who were all in the industry for many years working on similar projects as they were last year. On the other hand, outside of the blockchain conference, I also met with leaders in the health tech industry whom we had deep conversations about how to solve real world problems using Partisia Blockchain’s MPC technology. At the IAS event in Germany, with over 25k in attendance, we were the only blockchain company presenting a Web3 solution.
Kurt Nielsen, our president, put it best in this interview where he speaks about the importance of “growing the pie” in Web3. Meaning that in order for Web3 to succeed, we must find new users, new real world use cases, and new ways to solve real problems using this wonderful technology called the blockchain. Yet, everyone I meet in Web3 conferences is always telling me, “I’ve been in this space for the last x number of years.” It is extremely rare to meet someone who says “I’m new to the blockchain space and interested in learning how this can solve our real world problem”.
Fighting for a share of the same pie
The current Web3 conferences, for the most part, have people who are fighting for the “share of the same pie” it has been fighting for multiple years, so to speak. It’s the entity that has the same players, building the same type of applications for the same group of people year after year. And while you have a few real world industries looking to experiment with blockchain, most, if not all of the Web3 focused events I go to are full of people building the same thing, but packaged just slightly differently. Why is this the case?
And so we see two different themes emerging. Those who are the early adopters, the visionaries and pioneers building Web3 and integrating blockchain technology into real world use cases to solve real problems, and those who are looking for the quick token launch and get rich plan disguised with the pretense of revolutionizing an industry. One has a long and promising future. The other… Well, you can only go so far when everyone is fighting for the same pie..
“Privacy, interoperability, and scalability are fundamental principles that have been pillars of past successful technology innovations and they will be for the Web3 industry as well.”
Partisia Blockchain’s focus has always been about collaboration and solving real world problems. We have founders who understand the challenges of the real world. In the real world, privacy is a fundamental human right, and your private information should not be disclosable to everyone. In the real world, people collaborate and work together to grow the market you are in rather than close off your ecosystem to only those who can pay with your own currency. In the real world, infrastructures are scalable, available to support the world’s population. (Think the internet for example) These fundamental principles play out in real world scenarios and while blockchain provides an incredible value proposition, one of decentralization and trustlessness, it is not a complete solution. Privacy, interoperability, and scalability are fundamental principles that have been pillars of past successful technology innovations and they will be for the Web3 industry as well..
This has been our focus, and the reason why our blockchain architecture is built different. And, as a result, we have quite a number of real world partners working to build things that impact the real world. And we continue to garner interest from people who are looking to solve real problems.
We are committed to growing the pie by bringing the technology to non Web3 industries. Use cases like the humanitarian token system, where we are able to distribute financial aid to those impacted in conflict regions. A donation platform where using blockchain technology, aid can be distributed not only quickly, but also transparently giving the donors full visibility to whom and how their donations made an impact. Tackling counterfeit medication in Africa through a combination of transparent and private supply chain infrastructure. These are samples of real world problems Partisia Blockchain is tackling to solve.
In the Web3 space, we are also focused on adding these fundamental principles that are currently missing to help grow the pie within. Providing DeFi solutions that solve for interoperability, scalability and privacy. Partnering with academia to create a framework for DID that governments can support. Building solutions that enable a real trustless, secure, and interoperable self custody solution that can be built to suit the users individual requirement.
The Web3 industry will undoubtedly continue to survive. Thrive even. But it will also evolve from the current hype cycle to something more mature. As this maturity continues, the need to meet these basic fundamental principles will become more apparent. We also need to work together to grow the pie, rather than fighting for a share in the existing pie. And those who understand and share in this vision will help drive the next generation of Web3 solutions. We hope, through this maturity, we will grow the pie, and perhaps see a new friendly face join the next Web3 conference.
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This is part 3 of a three-part series where we review the three key technology innovations of Partisia Blockchain and compare them with other blockchain technologies. You can read our intro and the performance comparison between various other chains here, or read more about the privacy layer comparison here.
Part 3 reviews the various web3 infrastructure aiming to address the issue around interoperability between different chains, the techniques used as well as pros and cons of various technologies.
Partisia Blockchain is deeply committed to interoperability, aiming to foster trust and collaboration across diverse blockchain networks. Its unique architecture addresses the challenges of cross-chain interactions through a multi-faceted approach, including its innovative “Bring Your Own Coin” (BYOC) concept and advanced bridging solutions.
BYOC allows users to pay gas fees in various liquid coins like Ethereum, BNB, MATIC, USDC, and USDT, rather than requiring a native token. This flexibility enhances convenience and accessibility, eliminating the need for users to acquire a specific token for network interaction. Moreover, BYOC enables developers to open their decentralized applications (dApps) to a wider audience, as users can transact with their preferred cryptocurrency. The stable fee structure, pegged to USD, ensures predictability for projects and users alike, regardless of underlying asset price fluctuations.
Partisia Blockchain’s token bridge is another core innovation. It employs a combined approach of double bookkeeping, staking as collateral, and large-scale MPC-based selection of oracle nodes to form a secure and efficient bridge. This design ensures a 1:1 correspondence between tokens across chains, enhancing security and trust in cross-chain transactions. The token bridge also incorporates a mechanism of frequently expiring epochs and MPC tokens as collateral staking, limiting the accumulation of financial risk.
For securing digital assets, Partisia Blockchain offers MOCCA, a decentralized and fully programmable custody solution. This enables institutions, DAOs, exchanges, and wallet providers to collaborate trustlessly to secure the assets of their users. MOCCA’s smart contracts provide flexibility in defining access controls, voting powers, NFT permissions, and transaction rules, catering to diverse custody requirements.
Partisia Blockchain’s versatility also allows it to function as a second layer for other blockchains. By deploying a zero-knowledge smart contract on Partisia alongside a public contract on the Layer 1 chain, dApps can leverage Partisia’s privacy-preserving capabilities without migrating their entire infrastructure. This approach enables seamless integration of privacy features into existing applications, promoting wider adoption of privacy-preserving technologies.
LayerZero is a messaging protocol designed to facilitate seamless communication and data exchange between blockchains, fostering an “omnichain” vision where all chains are interoperable. This is achieved through a Mesh Network architecture that overcomes the limitations of existing cross-chain solutions.
The innovation lies in facilitating communication between blockchains without the need for costly on-chain nodes or insecure middle chains. This is achieved through a combination of Ultra-Light Nodes (ULNs), blockchain endpoints, decentralized third-party oracles, and relayers. Oracles, such as Chainlink and Band Protocol, fetch transaction data from the block header, while independent relayers verify the transaction proof. This dual verification process ensures the security and validity of the message.
Functioning as a messaging layer, LayerZero enables communication between different blockchains and their smart contracts. The Omnichain Fungible Token (OFT) contract standard enables seamless cross-chain token transfers without asset wrapping or intermediate chains. However, this functionality is tied to the LayerZero ecosystem, which limits the potential reach and interoperability of tokens.
Each application built on LayerZero can configure a security stack consisting of several required and optional decentralized verifier networks (DVNs) to verify its messages. These DVNs can leverage various validation methods, including zk-technology, middlechains, and consortium signers. Additionally, Rate Limiter allows controlling the number of cross-chain messages within a specific time frame, preventing denial-of-service (DoS) attacks and ensuring regulatory compliance. However, this is at a cost of performance.
This flexible approach to security empowers applications built on LayerZero to tailor their verification mechanisms to their specific needs and risk profiles. By not prescribing a single method, LayerZero allows for a diverse range of security configurations across the ecosystem.
Cosmos is designed to be the “Internet of Blockchains,” addressing the limitations of isolated blockchain networks. It achieves interoperability and scalability through a combination of innovative technologies and a modular architecture.
Instead of a single monolithic blockchain, Cosmos allows for the creation of multiple independent blockchains, each with its own specific use case and consensus mechanism. Developers can leverage pre-built modules for common blockchain functionalities, reducing development time and complexity.
The Cosmos Hub serves as the nexus for the entire Cosmos ecosystem. It acts as the intermediary connecting various blockchains within the network. Instead of each blockchain directly linking to every other chain, they all plug into the Cosmos Hub. This hub keeps track of interactions and facilitates communication among different zones (blockchains) in a secure and efficient manner.
Cosmos ensures security through a decentralized validator model. Each chain has its own set of validators responsible for verifying transactions and securing the network. This decentralized approach eliminates single points of failure and enhances the overall security of the ecosystem.
Replicated Security is a feature that allows the Cosmos Hub to provide its strong security to other blockchains, known as “consumer chains” through the IBC protocol. This enables consumer chains to benefit from the Cosmos Hub’s security without needing to maintain their own validator sets.
Interchain Accounts (ICA) represent a significant advancement in cross-chain interoperability, making the Cosmos ecosystem more interconnected and user-friendly. With ICA, applications can directly access and utilize functionalities of applications on other chains and users are able to perform actions like token transfers, swaps, staking, and governance participation from a single account. The benefits of ICA extend to various use cases, including cross-chain liquidity provision, lending, borrowing, and NFT transfers. It enhances governance by allowing voting on proposals across multiple chains without switching accounts.
In addition to IBC, Cosmos supports bridge protocols like Gravity Bridge and Wormhole Gateway. These bridges connect the Cosmos ecosystem with other blockchain networks like Ethereum and Solana, further expanding interoperability and enabling asset transfers and cross-chain communication between diverse ecosystems.
The comparative analysis of various blockchain technologies reveals a spectrum of approaches to privacy, scalability, and interoperability.
Partisia Blockchain’s focus on privacy is not only a technological advancement, but also a philosophical shift towards a more user-centric and privacy-conscious approach to blockchain technology. By seamlessly integrating cutting-edge cryptographic techniques, such as multi-party computation (MPC) and zero-knowledge proofs (ZKPs), with a high-performance blockchain architecture, it presents a unique paradigm that transcends the limitations of traditional blockchain models. This fusion of privacy and performance empowers the development of decentralized applications and smart contracts capable of securely processing sensitive data while maintaining scalability and interoperability across diverse networks.
As the demand for privacy-centric applications continues to grow, Partisia Blockchain’s innovative solutions will be instrumental in driving the next wave of decentralized innovation. Its ability to address the inherent challenges of blockchain technology while maintaining efficiency and interoperability positions it as a compelling platform for building the next generation of decentralized applications.
As we kick off the third quarter, July 2024 has been a busy and exciting month for Partisia Blockchain. In this update, we are thrilled to announce the launch of Project RESCUE, new partnerships, and the listing of the $MPC token on Bitpanda. We will also provide a sneak peek into upcoming events like BlockStart in Glasgow. Read on for all the details and stay tuned to our social channels for more updates.
The Partisia Blockchain Foundation proudly announced the launch of Project RESCUE, the world’s first blockchain-based social impact funding initiative that enables end-to-end traceability of donations. This project is both a testament to our commitment to doing good and a demonstration of how blockchain can affect positive change in the world. This marks just the beginning of our implementation of projects launching on Vorne.ai and other initiatives similar to Project RESCUE. Check out our summary of the event here.
July was filled with LOIs and new grant agreements. Starting with Truflation and their push into the RWA space, they agreed to work with Partisia Blockchain to further their existing RWA pricing service, using Partisia Blockchain’s MPC to help privatize certain elements of the assets they are digitizing.
Degen House also signed an agreement to build two potential solutions on Partisia Blockchain: a proof of concept for a payment system similar to the ICRC design but for public use, and an NFT marketplace.
Digital Assets Technologies AG (DAT.AG) received a grant to build the world’s first privacy-preserving, secure environment for transaction and asset verification. It is not just about locking down data; it is about ensuring that data can be shared and verified in a manner that aligns with modern privacy expectations and compliance demands. Essentially, it is a platform for easy audit compliance in the Web3 world.
On 16 July 2024, we were thrilled to announce that the $MPC token was listed on Bitpanda! This listing opens the door for more users to explore the innovative MPC technology, which provides cutting-edge data encryption and unparalleled security on Partisia Blockchain. Dive in and experience the future of secure digital transactions with $MPC.
Kurt Nielsen, Co-Founder of Partisia Blockchain, shares his insights on how Web3 and MPC technology can revolutionize the data economy by empowering users with control over their data. Discover how MPC is paving the way for secure and decentralized collaboration. Read more in Disruptive Tech News: Is Web3 Still Relevant? The Jury’s Still Out, But the Clock Might Be Ticking for This New Paradigm
Join us at BlockStart in Glasgow, Scotland, on 1-2 August 2024. Our Chief of Growth, Shirly Valge, will be sharing valuable insights on the projects we are working on and emerging trends in blockchain. She will be part of engaging panel discussions on “How do global Web3 projects manage local regulations?” and “From physical to fractional: How Tokenization is democratizing access to real-world Assets”. Do not miss the chance to connect with Shirly, you can book your meeting here.
We are excited to share that the final computation of phase 1 of the AirDrop has begun and we are anticipating possible distribution in mid to end of August. Phase 2 will begin soon after tying with the launch of our DEX from zkCross. This marks a significant milestone as we continue to engage with our community and expand the adoption of the $MPC token. Stay tuned for more details on how you can participate and what to expect as we move forward.
As we gear up for Token 2049 in Singapore on 16-21 September 2024, we are thrilled to connect with our community at one of the largest crypto events of the year. Be sure to visit our venue and join us for engaging discussions and insights into the latest from Partisia Blockchain. Stay tuned to our social channels for more updates and details. We look forward to seeing you there!
Bruce Ahn, Chief Success Officer, and Mathias Glintborg, Head of Product, will join X Spaces on 2 August 2024 to discuss adoption, the product roadmap, and other topics. Do not miss this opportunity to get an update on the latest developments and ask your burning questions! Set your reminder here.
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