We talk about onchain data as if there are two settings. Public or private. Everything visible or nothing visible.
Dusk keeps describing a third one, and it took me a while to see it as seperate rather then a compromise.
Selective disclosure. Authorized parties get evidence without unnecessary data coming with it. Citadel, the identity layer, lets someone prove an attribute.... residency, an age bracket, accreditation.... without revealing more than the attribute itself.
"Proving something and showing everything have never been the same act, but we built systems as if they were"
Uhm, and I think thats the actual gap between crypto and regulated finance. Regulators dont want everything public. They want the right party to see the right thing at the right moment.
A fully transparent chain fails that by oversharing. A fully private one fails by having nothing to show.
Im not certain how well this works in practice under real supervision. Thats the part that gets tested slowly, by regulators, not by users....
#dusk @Dusk $DUSK
Dusk keeps describing a third one, and it took me a while to see it as seperate rather then a compromise.
Selective disclosure. Authorized parties get evidence without unnecessary data coming with it. Citadel, the identity layer, lets someone prove an attribute.... residency, an age bracket, accreditation.... without revealing more than the attribute itself.
"Proving something and showing everything have never been the same act, but we built systems as if they were"
Uhm, and I think thats the actual gap between crypto and regulated finance. Regulators dont want everything public. They want the right party to see the right thing at the right moment.
A fully transparent chain fails that by oversharing. A fully private one fails by having nothing to show.
Im not certain how well this works in practice under real supervision. Thats the part that gets tested slowly, by regulators, not by users....
#dusk @Dusk $DUSK