TeraBlock, with the assistance of Partisia Blockchain’s advanced multiparty computation (MPC) technology, has developed the world’s first zero-knowledge cross-chain decentralized exchange (zkCrossDex). This significant achievement was made possible through the Partisia Blockchain Foundation’s grants program. The MPC technology integrated into TeraBlock’s zkCrossDex guarantees transactional privacy and effectively addresses the front-running issue in decentralized finance (DeFi).

Revolutionizing the DeFi Sector with TeraBlock’s zkCrossDex Integration

TeraBlock’s zkCrossDex integration establishes a novel benchmark for transactional efficiency and security within the DeFi sector. By aiming to make DeFi more accessible, secure, and efficient, zkCrossDex is contributing towards a more inclusive financial ecosystem.

Introducing MPC-Powered zkCrossDex: The Ultimate Interoperability Solution

zkCrossDex, fueled by MPC, is an exceptional technology that seamlessly links different blockchain networks, setting a new standard for interoperability. This novel development enables the smooth exchange of assets and liquidity flow between diverse ecosystems, providing unprecedented access to a broad range of assets and markets. This feature is set to transform the DeFi landscape, offering users unparalleled opportunities.

“Together with TeraBlock, we are bringing a newly developed execution platform for DeFi to real-life use. This will address a few recognized weaknesses with one of the most popular DeFi solutions – automated market makers (AMM). The Partisia Blockchain is designed for scalability, interoperability, and privacy and the framework uses all of these to improve AMMs.”—Brian Gallagher, Partisia Blockchain Co-Founder

Addressing the complexity hindering mass adoption in DeFi, TeraBlock’s MPC-powered zkCrossDex removes barriers with its intuitive interface, making DeFi accessible and user-friendly – in line with Partisia Blockchain’s ethos of making DeFi more financially inclusive.

“Our zkCrossDex is carefully designed to aggregate liquidity across multiple chains, addressing a pivotal challenge in DeFi and made possible by Partisia Blockchain’s MPC technology. The initiative strategically moves towards a more fluid and interconnected DeFi ecosystem, aiming to revolutionize liquidity management for a seamless and efficient market experience.”—Shivam Tandon, Founder and CEO at TeraBlock

The MPC-backed zkCrossDex is a major milestone towards a secure, inclusive, and technologically advanced DeFi ecosystem. Partisia Blockchain and TeraBlock are dedicated to making DeFi accessible to everyone, thus promoting a fair and efficient financial system.

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Solving The Problems With Blockchains

So far, existing blockchains have been unable to offer interoperability, scalability, and privacy all at one time. By incorporating ZK computations into their blockchain, the Partisia Blockchain team can solve this problem by adding the missing link.

Many blockchain projects have tackled interoperability and scalability and made progress on those fronts while failing to provide adequate privacy to users. The lack of privacy in blockchains has prevented many newcomers from joining the crypto space and becoming blockchain users.

By creating a blockchain that provides interoperability, scalability, and privacy, Partisia Blockchain can attract users who have avoided blockchain due to privacy concerns, thus furthering mass adoption.

Participation and Allocation

• Each FlashLaunch will have a set individual Public Round allocation of exactly $750 per person.
• Anyone who registers during the 24-hour FlashLaunch window will be eligible for an entry to receive an allocation as long as they have either 4000+ SWAP actively staked or a SwapScore of at least 2500 when the FlashLaunch starts.
• Applicants can apply to the FlashLaunch during the 24 hours between 5PM UTC on the launch day and 5PM UTC the following day at https://dashboard.trustswap.com/app/launchpads.
• Once all applications registered, a specific number of entries will be assigned to each participant based on their SwapScore or Staked $SWAP, whichever is higher. The snapshot will be taken at 5PM UTC on May 20th, 2022. SWAP must be actively staking at that time to be counted as staked.
• There will be a random drawing for the $750 allocations.
• Each person can only win once per FlashLaunch.
• KYC verification is need and jurisdictional restrictions apply.

Step-By-Step Guide

1. At any time between 5PM UTC on May 19th and 5PM UTC on May 20th (24 hrs), go to https://dashboard.trustswap.com/app/launchpads and click the blue button to fill out the application form. In addition to filling the form, you also need to submit the KYC at https://kyc.partisiablockchain.com/ . The link to submit KYC is LIVE. Interested participants can submit their KYC without the need to wait till the 19th of May. However, they must still fill out the pledge form on TrustSwap Dashboard.
2. Applicants will have number of entries into a random drawing relative to their staked SWAP/SwapScore (see the above chart for details).
3. Winners of the draw, totaling 666 in number, will get via TrustSwap’s Dashboard Messaging System with payment instructions.
4. An additional 300 people selected in the drawing will be on ‘stand-by’ and will have the first option to participate if there are any unsold tokens after the initial rounds are complete.

About Partisia Blockchain 

Partisia Blockchain focuses on addressing the existing problems with blockchain technology. These problems include a lack of confidentiality and privacy. Although others have attempted to address the privacy problems on blockchains, Partisia Blockchain will provide a unique solution. Partisia Blockchain is offering Zero-Knowledge (ZK) computations on-chain, off-chain, and across blockchains. ZK computation adds privacy and confidentiality to blockchains while allowing them to remain decentralized.

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About TrustSwap

TrustSwap provides DeFi tools for token holders & businesses to buy, trade, create, and secure crypto assets with confidence.

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SOURCE:

https://trustswap.com/blog/partisia-announces-may-19th-flashlaunch-on-trustswap-launchpad/

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The objective of the strategic partnership of EMURGO Ventures and Partisia Blockchain is for Cardano decentralized application (dApp) developers and its users to be able to leverage Partisia blockchain’s privacy-preserving zero-knowledge (ZK), multi-party computation (MPC) for Cardano dApps. Partisia’s development team will develop customized smart contracts for Cardano developers to utilize when applicable to their dApp’s use case, which will still use Cardano ADA or Cardano-based tokens. Ultimately, this optionality provides both Cardano developers and their dApp users with more robust privacy.

Partisia is scheduled to deliver the first full version of its smart contract programming language designed for privacy-preserving ZK and MPC computations by the middle of this year.

EMURGO founder and CEO Ken Kodama said:

“EMURGO Ventures is excited to partner with Partisia and its stellar team to bring more privacy tools for Cardano developers to utilize and add value to the Cardano ecosystem. Cardano’s Web3 development is advanced by the efforts of Cardano’s dApp developers, and this partnership serves to add more elements to their toolbox to provide services that users will demand such as privacy features.”

Partisia Blockchain Co-Founder Brian Gallagher said:

“Partisia Blockchain couldn’t be more thrilled to partner with EMURGO Ventures to deliver our first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem. The Cardano ecosystem is one of the biggest in the industry and we look forward to providing as much value as possible to the developers. We built Partisia Blockchain with a collaborative approach to making our privacy contracts available across all other networks and this partnership is a strong indication that we’re finding a product-market fit in this industry and that privacy is in demand.”

According to venture capital firm a16z, “the next phase, this next decade, will be about the ability to interact with anyone, anywhere, at any time — privately, without revealing one’s data, and with more control in the user’s hands” and that “new web standards built with zero-knowledge proofs and blockchains will therefore offer users choice by introducing a new privacy layer for the web.”

About EMURGO

EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.

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About EMURGO Ventures

EMURGO Ventures is a wholly-owned investment subsidiary of the parent company EMURGO Ptd. Ltd. and invests in a variety of Cardano-focused startups and middleware solutions companies.

About Partisia Blockchain

Partisia Blockchain is a Web 3.0 public blockchain built for trust, transparency, privacy, and speed of light finalization.

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