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Fairblock Network

Fairblock can be used for front-running protection, private limit orders/intents, private voting/governance, sealed-bid auctions, randomness generation, and censorship-resistant sequencers in the Cosmos and soon in the Ethereum ecosystem, modular ecosystem (Celestia), Layer 2s (Optimism, Scroll, Eclipse), and cross-chain infrastructures and applications (Axelar, Squid) to protect the contents of the transactions before execution. Our goal/value is empowering users and protocols with the optional freedom of encrypting their transactions in order to protect them against various forms of malicious strategies and enable decentralized applications which are not previously possible.

What is Fairblock Network?

Fairblock Network is a blockchain infrastructure and framework that focuses on conditional decryption and programmable privacy, providing users and developers with enhanced privacy and security for on-chain applications.

How Does Fairblock Network Work?

Fairblock utilizes advanced encryption methods, including identity-based encryption (IBE), witness encryption (WE), and fully homomorphic encryption (FHE), to create a secure blockchain system that ensures transaction privacy. Users encrypt their transactions with a master public key and set conditions under which the transaction can be decrypted, such as a specific time or market condition. Once these conditions are met, the network's validators contribute parts of a decryption key, which are combined to decrypt and execute the transaction.

What Makes Fairblock Network Unique?

Fairblock's programmable privacy unlocks a wide range of applications, such as encrypting limit orders and on-chain intents, enabling private governance and sealed-bid auctions, and powering trustless cross-chain bridges. Unlike other tools, Fairblock encrypts the contents of transactions, providing true on-chain privacy, with contents revealed only after they're safe from exploits.

Who Are the Founders of Fairblock Network?

Latest News

What Key Events Have There Been for Fairblock Network?

In October 2023, Fairblock Network successfully raised $2.5 million in a pre-seed funding round led by Lemniscap, with participation from investors including Robot Ventures, GSR, Dialectic Capital, and Chorus One.

Project Announcements

Fairblock Network launched the FairyRing Testnet, allowing users to encrypt transactions and demonstrate the network's ability to encrypt and decrypt transactions based on certain conditions, such as block height.

Upcoming Events

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Currently, there are no available forecasts from reliable experts or publications regarding the price prediction of Fairblock Network.

FAQ

What is the Purpose of Fairblock Network?

How Can I Participate in Fairblock Network's Ecosystem?

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Is Fairblock Network Secure?

What are the Risks Associated with Fairblock Network?

Community Sentiment

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.