Imagine placing a bid onchain, knowing someone could use your offer to their advantage if they see it before the auction ends.
Public blockchains let everyone verify activity, but that same visibility can expose a bidder's intentions before the auction is over.
Nillion Covenants addresses this through encrypted, condition-based instructions. DUSK brings this approach to Ethereum, with Blacklight nodes holding shares that are used to reconstruct an instruction when its specified condition is met.
This means an instruction can exist onchain without its contents being revealed immediately. For sealed auctions and conditional trades, that could help keep a decision private while the system waits for the right condition.
It won't guarantee a fair outcome, but it could reduce the advantage of seeing another participant's move too early.
$NIL #NIL
#nil $NIL @Nillion
Public blockchains let everyone verify activity, but that same visibility can expose a bidder's intentions before the auction is over.
Nillion Covenants addresses this through encrypted, condition-based instructions. DUSK brings this approach to Ethereum, with Blacklight nodes holding shares that are used to reconstruct an instruction when its specified condition is met.
This means an instruction can exist onchain without its contents being revealed immediately. For sealed auctions and conditional trades, that could help keep a decision private while the system waits for the right condition.
It won't guarantee a fair outcome, but it could reduce the advantage of seeing another participant's move too early.
$NIL #NIL
#nil $NIL @Nillion