Tokenomics 101: Partisia Blockchain

How $MPC Powers Partisia Blockchain’s Zero Knowledge Platform

Introduction

The Partisia Blockchain project focuses on addressing three major challenges in the crypto space: scalability, privacy, and interoperability. 

The project serves as both a first layer, featuring consensus and governance, and a second layer that provides interoperable Zero-Knowledge and Oracle services. 

That second layer is in essence a platform on which you can purchase services, such as Zero-Knowledge (ZK) computations – on-chain, off-chain, and inter-chain – adding a layer of privacy-preserving computation to blockchains in a decentralised way. This inter-chain feature is core in the value proposition of the protocol and essentially permits the trustless facilitation of transactions across various blockchains through smart contracts. The decentralised nature of the nodes involved in the process ensures its security and integrity.

The web3 ecosystem is often proud of its use of transparent information, but as we saw with web2, if you don't keep information under control, it can be used for purposes that you may not have initially approved of or agreed with. Therefore, having a transparent process that still keeps your information private is what web3 should move towards.

By utilising a global collaboration of accredited ZK computation nodes, the Partisia Blockchain aims to bring this solution and improve the privacy and security aspects of various blockchains and platforms. Implementing privacy on-chain on a big scale opens the door to opportunities such as secret voting, secured humanitarian aid,etc. 

One clarification that has to be made is that there exists two entities here:

• Partisia, a private company that pioneered the commercial use of MPC technology (Multi-Party Computation) which enables multiple parties to compute a function over their inputs while keeping those inputs private.

• Partisia Blockchain which is the project architected by Partisia with the aim of merging MPC and blockchain technologies. It led to the creation of the Partisia Blockchain Foundation, which is an “independent non-profit foundation with the sole purpose of supporting the public blockchain Partisia Blockchain”.

This report delves into the tokenomics of Partisia Blockchain and what it aims to bring to the blockchain ecosystem. However, before going further, if the concept of ZK computations seems unclear, it is strongly suggested to check the links provided above.

Tokenomics

A zoomable version of the diagram can be found here.

If you’re interested in the condensed, need-to-know tokenomics information for Partisia Blockchain, check out the report on Tokenomics Hub