I went back through Nillion’s documentation in last morning, and I found myself thinking less about “privacy” as a broad concept and more about what actually happens to an instruction before it executes.
The part I keep coming back to is Covenants. My understanding is that you can define an instruction around a condition, keep it encrypted while it waits, and let it execute when that condition is met. But technically, how does Nillion keep that instruction unreadable during the waiting period?
That also made me think beyond trading. Could a Covenant be useful for a prediction that needs to remain private until the event actually happens? I’m interested in where this becomes practically useful rather than just theoretically interesting.
Dusk also seems important to understand correctly. It is described as era one of Nillion’s Covenant roadmap, not the complete system. That makes me wonder what capabilities the later eras are intended to add.
Another distinction I’m trying to understand is Encrypted Markets. This seems different from simply hiding wallet addresses or transaction amounts. The focus appears to be the intent behind an action, which could have very different implications for DeFi.
Could Nillion’s Covenant model eventually become a programmable privacy primitive rather than just another privacy feature?
And how should decentralization, governance, and security evolve as these capabilities expand?
#nil $NIL @Nillion
The part I keep coming back to is Covenants. My understanding is that you can define an instruction around a condition, keep it encrypted while it waits, and let it execute when that condition is met. But technically, how does Nillion keep that instruction unreadable during the waiting period?
That also made me think beyond trading. Could a Covenant be useful for a prediction that needs to remain private until the event actually happens? I’m interested in where this becomes practically useful rather than just theoretically interesting.
Dusk also seems important to understand correctly. It is described as era one of Nillion’s Covenant roadmap, not the complete system. That makes me wonder what capabilities the later eras are intended to add.
Another distinction I’m trying to understand is Encrypted Markets. This seems different from simply hiding wallet addresses or transaction amounts. The focus appears to be the intent behind an action, which could have very different implications for DeFi.
Could Nillion’s Covenant model eventually become a programmable privacy primitive rather than just another privacy feature?
And how should decentralization, governance, and security evolve as these capabilities expand?
#nil $NIL @Nillion