Your Bid Shouldn't Reveal How Rich You Are đš
$APE helped make digital ownership mainstream. $NIGHT introduces an interesting privacy primitive for the markets around those assets: proving purchasing power without exposing total wealth.
Imagine walking into an auction and showing the seller your bank balance before making an offer.
It sounds ridiculous.
Public wallets can create something surprisingly similar.
If a bidder uses a transparent wallet, another participant may be able to inspect what that wallet owns and how it has behaved historically.
A privacy-preserving auction can work differently:
Bidder offers $50,000
â Application verifies sufficient funds privately
â Seller receives a valid funded bid
â Bidder's total balance remains protected
The seller gets the information they actually need: The bid is real and funded.
Whether the bidder has $60,000 or $60M isn't part of that question.
That's programmable privacy in a very practical form.
#Privacy #Web3
$APE helped make digital ownership mainstream. $NIGHT introduces an interesting privacy primitive for the markets around those assets: proving purchasing power without exposing total wealth.
Imagine walking into an auction and showing the seller your bank balance before making an offer.
It sounds ridiculous.
Public wallets can create something surprisingly similar.
If a bidder uses a transparent wallet, another participant may be able to inspect what that wallet owns and how it has behaved historically.
A privacy-preserving auction can work differently:
Bidder offers $50,000
â Application verifies sufficient funds privately
â Seller receives a valid funded bid
â Bidder's total balance remains protected
The seller gets the information they actually need: The bid is real and funded.
Whether the bidder has $60,000 or $60M isn't part of that question.
That's programmable privacy in a very practical form.
#Privacy #Web3