Super excited about this! This is critical for operator privacy which is compatible with forensic decryption. We'll have a bigger blog post describing how this fits into the overall Miden architecture soon.
Operator privacy is a very important concept, but it is relevant mostly for transparent chains. For private blockchains, operator privacy is the default.
I think a more interesting problem is how to get operator privacy but still maintain some forensic analysis capabilities.
Let's start with the threat model and learning who the operators actually are.
If you are just running an EVM blockchain, these are the types of operators you can have.
Read the full ever-updating WIP note here: 255c.org/notes/privacy-…
You need many puzzle pieces to make a financial stack work - and they are now coming together on Miden. This took a lot of hard work - and I'm very proud of the team for pulling it together! 🚀
Today, we're introducing the PriFi Stack.
A new financial stack built around private stablecoins and privacy-preserving infrastructure to shape the future of finance.
Super excited about this! Circle stablecoins are perhaps the most trusted and respected in the industry, and we'll have them natively on Miden at launch. This automatically means private stablecoin payments and also very easy and fast bridging of stablecoins to/from other chains.
Today we're announcing that USDCx on Miden is coming soon: a native, @USDC-backed stablecoin, issued by Miden via @circle xReserve.
Stablecoins on Miden will be private by default.
Hold and transact USDCx without publishing your balances, counterparties, or payment history to
