#nil $NIL @Nillion
When I send a sealed envelope, nobody asks me to explain what's inside. The seal is the whole point.
Trading on-chain works the opposite way. Your order is visible before it's executed, so strategy leaks before it can work.
@Nillion started as a privacy network for computing on encrypted data, using tools like nilDB and nilAI. What interests me now is how it applies that idea to markets through Covenants.
A Covenant is an instruction sealed to a condition, like a price or time trigger. It sits on-chain unreadable. When the condition is met, a threshold of independent nodes unlocks it and it executes.
Dusk is the first phase, live on Sepolia testnet, built around things like hidden stops and sealed auctions. Nodes earn rewards for resolving them, and $NIL is used for fees and staking.
My open question: if nobody can see the order, who verifies the trigger was fair?
#NIL
When I send a sealed envelope, nobody asks me to explain what's inside. The seal is the whole point.
Trading on-chain works the opposite way. Your order is visible before it's executed, so strategy leaks before it can work.
@Nillion started as a privacy network for computing on encrypted data, using tools like nilDB and nilAI. What interests me now is how it applies that idea to markets through Covenants.
A Covenant is an instruction sealed to a condition, like a price or time trigger. It sits on-chain unreadable. When the condition is met, a threshold of independent nodes unlocks it and it executes.
Dusk is the first phase, live on Sepolia testnet, built around things like hidden stops and sealed auctions. Nodes earn rewards for resolving them, and $NIL is used for fees and staking.
My open question: if nobody can see the order, who verifies the trigger was fair?
#NIL