nil $NIL @Nillion I was reading about private auctions using Nillion Covenants, and it got me thinking about how these auctions could actually work.
Imagine you're bidding on something, but everyone can see the amount of your bid. Someone could simply bid a little more than you and win the auction.
Now imagine that no one can see anyone else's bids until the auction ends. That's where things get interesting.#NIL
Imagine you're bidding on something, but everyone can see the amount of your bid. Someone could simply bid a little more than you and win the auction.
Now imagine that no one can see anyone else's bids until the auction ends. That's where things get interesting.#NIL