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Sapphire Confidential Fungible Token Commonplace : ethereum

by SB Crypto Guru News
October 16, 2022
in Ethereum
Reading Time: 2 mins read
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Oasis Community not too long ago launched the Sapphire Paratime- the industries first and solely confidential EVM. We simply printed an RFP for Sapphire Confidential Token Commonplace. Please be at liberty to contact me with any questions, or if you happen to’re inquisitive about constructing on Sapphire.

Motivation

A confidential fungible token (CFT) that hides no less than considered one of {sender, recipient,quantity}
can supply a extra full privateness resolution to each dapps and customers. A CFT commonplace will encourage interoperability amongst dapps, improved tooling for builders, and extra comfort for finish customers.

Instance Use-Circumstances

  • A Web3 gaming firm desires to to supply in-game purchases, however does not need rivals to determine its most respected prospects.

  • a DAO desires to buy a bodily good however desires to forestall different potential patrons from one upping their supply

  • incentive-compatible (sealed-bid second-price) NFT auctions

  • improved DeFi: MEV-resistent DEX, privateness for customers of KYC’d lending protocols

Necessities

  • ERC-20 ABI appropriate

  • helps variants hiding any/all of {sender, recipient,quantity}
    from entities who are usually not the sender or recipient

  • variants capable of be generated utilizing a wizard

  • conducive to side-channel resistant implementations

  • minimal runtime overhead for ERC-20 strategies when compiler optimizations are enabled

Every variant (if a number of) could be in a single ADR however have its personal title, if desired (e.g., “ADR-18 Semi-Non-public”).

Fascinating Options

These options are extremely helpful, however could also be added in future requirements utility or platform. If not solved within the proposal, these options should not be precluded by the proposal.



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Tags: Bitcoin NewsConfidentialCrypto NewsCrypto UpdatesethereumFungibleLatest News on CryptoSapphireSB Crypto Guru NewsStandardToken
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