A Whitelist Should Not Become A Wallet Database 📋
Getting into a gated sale usually means giving a project an address it can store forever, even when the only thing it needed was proof that you qualified.
$IOTA has shown how a cryptographic fingerprint can prove a record was not altered without putting the underlying document itself onchain.
That protects integrity, but it still does not prove a private condition inside the record without revealing more information somewhere else.
$ZEC takes the opposite direction by hiding transfers, but a shielded payment cannot tell a mint that the buyer passed KYC, lived in an allowed jurisdiction or held the required asset at a snapshot.
So projects either collect identifying wallet data or accept privacy that cannot answer the qualification question they actually care about.
Midnight lets the contract ask for the condition instead of the address, proving eligibility without building another database of wallets behind it.
Midnames, Identus and Triple Play are already building around identity and selective checks on that model.
A whitelist should disappear once the sale ends, and the easiest way to make that happen is never collecting the list in the first place.
#Privacy #Identity
Getting into a gated sale usually means giving a project an address it can store forever, even when the only thing it needed was proof that you qualified.
$IOTA has shown how a cryptographic fingerprint can prove a record was not altered without putting the underlying document itself onchain.
That protects integrity, but it still does not prove a private condition inside the record without revealing more information somewhere else.
$ZEC takes the opposite direction by hiding transfers, but a shielded payment cannot tell a mint that the buyer passed KYC, lived in an allowed jurisdiction or held the required asset at a snapshot.
So projects either collect identifying wallet data or accept privacy that cannot answer the qualification question they actually care about.
Midnight lets the contract ask for the condition instead of the address, proving eligibility without building another database of wallets behind it.
Midnames, Identus and Triple Play are already building around identity and selective checks on that model.
A whitelist should disappear once the sale ends, and the easiest way to make that happen is never collecting the list in the first place.
#Privacy #Identity
