Partisia Blockchain
Partisia Blockchain - solving the Blockchain Trilemma
The lack of confidentiality and privacy on blockchains is obvious, potentially hampering the uptake and use. While initial attempts to address this weakness have been made, the Partisia Blockchain took it one step further and provides a complete platform for orchestrating and offering Zero-Knowledge (ZK) computations on-chain, off-chain, and inter-chain (across blockchains). ZK computation adds privacy and confidentiality to blockchains in a decentralized fashion with no single point of trust. There is a great differentiator in the Zero Knowledge.
The Partisia Blockchain approach focuses on interoperability while facilitating both privacy and transactions across chains. It is a public permissioned blockchain that functions as a transparent and structured platform for ZK computation and as a vehicle for organizing accredited trustees to further strengthen the blockchain ecosystem. The team behind Partisia Blockchain represents world-leading cryptographers and pioneers within the commercial use of ZK computations.
Key highlights
Partisia Blockchain
Partisia Blockchain is an advanced layer 1 blockchain which delivers industry leading technology that solves the blockchain trilemma, by using advanced MPC cryptography to bring privacy to public blockchains, scalability via built in sharding at both the protocol and smart contract layer, and the industry’s most secure interoperable token and data bridge using proprietary MPC threshold key signature management.
Privacy on Blockchain - Partisia’s Zero Knowledge Computation
The term Zero-Knowledge Proof is commonly used in the blockchain industry when discussing a shared secret between two parties. This major advancement brought us privacy coins, private asset swaps, and other secret exchange capabilities powered by blockchain. However, these zero-knowledge proofs are limited to two parties. Partisia Blockchain delivers ZK Computation, and for the first time, the industry will be able to share secrets on the blockchain between multiple parties, even hundreds, or thousands of parties. This is a major advancement in zero knowledge technology and unlocks hundreds of use cases such as private supply chain management, private healthcare networks, decentralized data exchanges, ad-targeting, social networks, and more all powered by Partisia Blockchain. Our smart contracts can also be both public or private - an industry first.
Most Secure Interoperability - Collateralized Token Bridge and MPC
A key part of the interoperability offered by the Partisia Blockchain is the orchestration of inter-chain transactions that make payments independent of the coins used (BYOC). The key component of this solution is a privacy-preserving oracle used to orchestrate a transaction across different blockchains and coins. Using our state of the art MPC threshold key signature schemes, the bridges are powered by a decentralized network of node operators. Moreover, the nodes powering these bridges use MPC tokens as staked collateral, which is used to refund users in the event a rogue node operator attempts to corrupt or disrupt network activity. With Partisia Blockchain, bridging technology comes with extra security in the form of collateral posted by those powering the network; another industry first.
Sharding: Scalability and Speed
Partisia Blockchain solves the scalability issues plaguing blockchains by delivering sharding at the protocol and smart contract layers. Sharding allows transactions to occur in parallel. In times of increased network activity–unlike its rivals–Partisia Blockchain doesn’t get backlogged by pending transactions. Instead, we finalize them in less than one second across shards. This makes Partisia Blockchain one of the fastest blockchains in the world.
Our solution to market limitations
Advancing the top blockchain ecosystems with MultiParty Computations (MPC) and blockchain technology.
Data Privacy
$200B Market
Problem
The current information giants consolidate control
Lack of privacy limits bargaining power
Our solution
Privacy on all platforms
Foundation for a new data economy
Generic public and private computations
Interoperability
$50B Token Economy
Problem
Costly transfer of values and data
Insecure solutions and single points of failures
Our solution
Token bridges
Data bridges
Data oracles
Scalable, decentralized, and robust MPC on any encrypted data
Scalability
$1.5T Token Economy
Problem
Unscalable: Slow 3 transactions per second
Unscalable DeFi, $50+ transactions
Slow settlement
Our solution
Fastest consensus and finalization layer 1 protocol
Secure layer 2 interoperability
More secure and decentralized than lightning network
Partisia Blockchain technology
Partisia Blockchain builds more secure digital infrastructure by merging blockchains and ZK computations in a collaborative fashion. By focusing on privacy and interoperability, the Partisia Blockchain project will initially focus on the following three goals:
Orchestrating ZK computations as transparent, efficient and simple as possible
Offering blockchain agnostic ZK computations
Offering privacy-preserving and auditable coin agnostic payments
In this section, we provide an introduction to Partisia Blockchain and discuss some fundamental problems that need to be solved and the basic components involved in the Partisia Blockchain solution.
Secure Multiparty Computation
Secure Multiparty Computation (MPC) is a technology that allows a number of servers to jointly compute any function without learning the inputs to the function. It provides a high degree of security, simple administration and consequently efficient deployment of solutions needed for confidential handling of data.
Partisia Blockchain target usage
Advertisement- Personal and Private advertisement solution
Internet Search-Personal and Private Internet Search solution
Reuse credentials and KYC- Personal private credentials that can use in multiple Dapp KYC
Whistleblower- Confidential whistleblower solutions
Matching Market- Foundation for future matching market
Demand Response- Confidential pooling of demand response on electricity market
Gaming- Confidential and random draws
DNA Sequencing- Confidential DNA sequencing
Healthcare- Personal and Private healthcare solutions
Cross chain Defi- Operating defi across chains
BTC Swapping- Moving and using BTC across chains
High end Auctions- High end auctions for NFTS and more
Partisia Blockchain token economics
MPC is the capped supply native token of the Partisia Blockchain platform. Participants are incentivized to become full block-producers and validators by staking MPC. Fees for all sorts of operations on the network are paid out in liquid coins, such as Ethereum or BTC, which are brought to Partisia Blockchain via the collateralized token bridge. To view the full set of token dynamics and economics details, visit the Token Whitepaper link on our partisiablockchain.com homepage.
Quick facts
The MPC native token has a hard cap. The total cap, commonly known as the maximum cap, is set at 1 Billion tokens.
Staking process and node types
It is very simple to stake MPC tokens, using the Partisia Wallet, and there are three types of node operators:
Baker node
Minimum stake 25k MPC tokens
ZK node
Minimum stake 100k MPC tokens
BYOC cross-chain node
Minimum stake 250k MPC collateral to the bridge
Staking rewards for node operators
Staking rewards have been implemented for node operators during the bootstrapping of the mainnet, to ensure a 12% APR on staked MPC amounts up to 500,000 MPC tokens.
Final Thoughts
The Patricia Blockchain offered a product that is short of commodity in Crypto Space, a private blockchain that has too many usage and advantages for its client thus in medical or just plain private peer to peer transactions. They still have a presale round for their token this coming October and December. So let's dive in and support the project for it would surely gonna be the big next blockchain.