BlockTalks x Partisia Blockchain AMA Transcript!
We recently hosted an AMA with Partisia Blockchain, on May 13th at 12 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Amana, KOL and Community Management at Partisia Blockchain. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce Partisia Blockchain to our community in layman’s terms?
Ans — Partisia Blockchain is a Layer 1 + 2 which is the world’s first blockchain protocol that supports both public and private transactions 100% on-chain and decentralized. Founded by the co-inventors of MPC (Multiparty Computation) and founders of the MPC Alliance, Partisia is architected and built to create and preserve a free and open internet controlled by the users.
We help blockchain users and developers who care about the future of the free internet to experience blockchain technology, unlike legacy protocols our solutions are revolutionary, built for scale and privacy to unlock the full potential of Web 3.
Q2. What are the advantages of Partisia Blockchain to the other alternatives in the Blockchain field?
Ans — Partisia Blockchain is a layer 1 blockchain that was architected and designed to solve for scalability, insecure interoperability, and to bring true privacy to blockchain. We achieve solving the scalability by having sharding at the protocol and smart contract level. We create the world’s most secure interoperability by utilizing Partisia’s vast historical software libraries of MPC technology, particularly in the field of threshold key management, to create an open source version of fireblocks, where instead of a few private parties managing secret keys, an open network of hundreds of node operators are the entities facilitating the cross chain value transfer and managing secret keys. We also use the MPC token as refund collateral inside the bridge in case a bridge were to get hacked, there is an automatic refund mechanism built into the network. This design and implementation creates more secure, transparent, and asset backed bridging. Finally, we bring multiparty computation, zero knowledge smart contracts to market which allow for enterprise adoption of blockchains where massive networks of private data can be computed on in private environments, and the transparency of blockchain can be leveraged without violating and private data requirements. These smart contracts are also available as a second layer privacy service for other blockchains, which creates a built in network effect for the developer communities to leverage our Zero Knowledge, MPC technology without any switching cost. Our partnership with Emurgo, the co-founding group of Cardano, to bridge privacy to Cardano mainnet, demonstrates our built in network effect and strategy to grow our technology usage amongst all the other large developer / blockchain networks.
Q3. What are the major milestones Partisia Blockchain achieved so far & what are in the future pipeline?
Ans — Born in 2008, Partisia is the world’s pioneer in MPC technology, facilitating the first ever commercial use of MPC in a Danish Sugar Auction. Since then, Partisia has provided data privacy solutions with it’s MPC technology to global leaders such as Bosch, SBI Japan, Tora. In 2017, Partisia Decided to merge MPC technology with blockchain technology to bring better use of MPC to the world. During 2017–2020, Partisia began architecting Partisia Blockchain to solve for scalability, interoperability, and bring MPC to smart contracts, as open source technology that the developer communities could leverage for the first time in history, removing the barrier to entry for this world changing, state of the art technology. In 2020, FINMA of Switzerland approved the Partisia Blockchain Foundation as the home entity for the open sourcing of decades of R&D work to become the launch of Partisia Blockchain. Since then, Partisia Blockchain has raised $48MM from top tier blockchain funds such as Emurgo Ventures, Ausvic Capital, P2P.org, and more.
Q2-Q4, 2022, “ZEUS” Mainnet version 3.0
-Sharding with robust cross shard event propagation
-Activity based revenue sharing of basic blockchain service version 1.0
-Zk Node signup and allocation
-Wallet Version 2.0
-Block Explorer version 2.0
Privacy and Smart Contract Language
-Unified Public and Private smart contract version 1.0
-REAL (binary) MPC Available
-Dynamic REAL preprocessing
-Confidential node address lookup and authenticated channel
-Signed ZK output designed for cross-chain ZK computation
Interoperability and Bridges
-Generic BYOC EVM
-Price oracle for EVM version 1.0
-Price oracle for ETH version 1.0
-Price oracle for MPC tokens version 1.0
-Second price auction as second layer on EVM (PoC)
- Dynamic repricing oracle for MPC token staking requirements
Questions Asked on Twitter for Partisia Blockchain Games Team!!
Q1. I read in their docs that Partisia Blockchain brings ZK calculations to blockchains via a two-sided approach. How does this two-sided approach work with a custom mix of transparency and accountability on the one hand and privacy and confidentiality on the other?
Ans — Partisia Blockchain brings ZK computations to blockchains through a two-sided approach.
1. Partisia Blockchain involves global collaboration between accredited ZK computation nodes, which are organised on the Partisia Blockchain, which is designed for the transparent orchestration of ZK computation.
2. Partisia Blockchain will supply generic modules providing ZK computation across independent blockchains.
Our approach is blockchain agnostic and focuses on interoperability while facilitating both privacy and transactions across chains.
Q2. Why Partisia is having two types of Blockchain L1 & L2? How both are connected and different as same with each other?
Ans — Partisia Blockchain is a Layer 1 + 2 Blockchain which solves the extended blockchain trilemma using sharding for scalability, MPC powered / collateralized bridge for most secure interoperability, and zero-knowledge smart contracts for multi party computation (MPC) powered privacy available at the protocol layer and as a second layer privacy service for other blockchains.
Layer 1: Consensus and communication layer
Layer 2: Smart contract layer that facilitates the private transactions
Q3. It is known that blockchain is often one of the most polluting technologies but new blockchains are looking to be more efficient and reduce their carbon footprint altogether. So, will Partisia really be a green option that will consume little energy unlike other blockchains?
Ans — Yes! We use a new consensus that’s similar to proof of stake called fast track consensus. It uses a lot less energy so it’s a much more green option.
Q4. What does #Partisia Blockchain promise us about privacy? What is the concept of Zero-Knowledge (#ZK) that you mentioned in the whitepaper? What are the plus features that the concept of Zero-Knowledge (#ZK) adds to privacy?
Ans — The lack of confidentiality and privacy on blockchains is obvious and hampers their
uptake and use. While initial attempts to address this weakness have been made, the
Partisia Blockchain project provides a complete platform for orchestrating and
offering Zero-Knowledge (ZK) computations on-chain, off-chain and across
blockchains (inter-chain).
ZK computation adds privacy and confidentiality to
blockchains in a decentralised fashion with no single point of trust. The Partisia
Blockchain approach is blockchain agnostic and focuses on interoperability while
facilitating both privacy and transactions across chains.
Q5. The TGE of Partisia is 31st May, the token gonna be listed on which exchange ?
Ans — MPC tokens will be listed on many exchnages! Please see our latest collaboration with KuCoin Labs here:
https://medium.com/partisia-blockchain/welcome-kucoin-labs-to-partisia-blockchain-d9bf6c1209b3
We plan to list on many more in the future! Keep and eye on our Telegram for more announcements soon — @partisiampc
Questions Asked by our BlockTalks Community Members during live Session to Partisia Blockchain Team!!
Q1. Where can I get a blockchain wallet to store/access MPC tokens and how do we newbies want to contribute to the Partisia Blockchain ecosystem?
Ans — You will need to get a Partisia Wallet — this is a Partisia Wallet Extension for your browser. Access it here — https://chrome.google.com/webstore/detail/partisia-wallet/gjkdbeaiifkpoencioahhcilildpjhgh?hl=en
You can contribute to the Partisia Blockchain ecosystem with our go-to resources for developers to start building with Partisia Blockchain!
Q2. PartisiaBlockchain announced TGE on May 31, 2022, where can we get more information about TGE and where do we fill out KYC requirements? and after the completion of the TGE, what will Partisia do next? We would be very grateful if you would share your roadmap for 2022.
Ans — See above.
Keep an eye on our Twitter (https://twitter.com/partisiampc) and Telegram @partisiampc for updates.
We have a very concrete roadmap we’re delivering. For Q2-Q4, 2022, “ZEUS” Mainnet version 3.0 will deliver:
-Sharding with robust cross shard event propagation
-Activity based revenue sharing of basic blockchain service version 1.0
-Zk Node signup and allocation
-Wallet Version 2.0
-Block Explorer version 2.
Privacy and Smart Contract Language
-Unified Public and Private smart contract version 1.0
-REAL (binary) MPC Available
-Dynamic REAL preprocessing
-Confidential node address lookup and authenticated channel
-Signed ZK output designed for cross-chain ZK computation
Interoperability and Bridges
-Generic BYOC EVM
-Price oracle for EVM version 1.0
-Price oracle for ETH version 1.0
-Price oracle for MPC tokens version 1.0
-Second price auction as second layer on EVM (PoC)
-Dynamic repricing oracle for MPC token staking requirements
Besides the infrastructure, we are highly involved in helping to integrate the major use cases coming to Partisia Blockchain.
Q3. How does PARTISIA value community how do we support your project?
Ans — Community is everything in blockchain. The purpose of web 3 is to decentralize the trust and management of platforms, to the community members, and not just the internal team. Community drives the project forward by spreading the vision and utility to the broader crypto markets, fueling adoption.
You can support our community by joining our Telegram chat — @partisiachat. We also have a new Reddit community — https://www.reddit.com/r/partisiampc/ 🔥
Q4. What will be the main advantages of combining Blockchain Technology with ZK Computation can you tell us
Ans — Partisia is the first to bring MPC to public blockchain. MPC means Multiparty Computation. What this means, is that for the first time, multiple parties can compute on encrypted data. This is a major innovation on the typical zero knowledge proofs in the industry, which are limited to two parties.
Q5. Can you describe What is the Meaning of Partisia, means for you and why you think that this Name is absolutely perfect for your Project and what is your vision associated with it ?
Ans — Amana | Partisia Blockchain, [13-May-2022 at 6:12:51 PM]:
Partisia means distributed trust. It is a combination of the three words:
Partio: Distribute
Fidus: Trustworthy
Fiducia: Security
We had this vision as our mission is to establish a WEB 3.0 infrastructure with no single point of trust for generic coordination of public and private information to be used by all applications across all platforms.
Founded by the co-inventors of MPC and founders of the MPC Alliance, Partisia is architected and built to create and preserve a free and open internet controlled by the users.
Done! I think that is 5/6 questions!
If you are interested in our public sale please visit — partisiablockchain.com/sale. You can complete your kyc at kyc.partisiablockchain.com.
Our Telegram is the best place to keep up to date on our project Partisia Blockchain Foundation
