i don't think normal/web3 users/degens care about MPC, encrypted compute, or cryptographic papers
they care if they can move money, trade, vote, or use AI w/o exposing everything
that's @arcium $ARX .. and they recently released this update about their encrypted ecosystem & more! 🧵👇
points:
→ arcium shipped before $ARX
→ the apps are the proof
→ the token $ARX has a job
→ AI might be the bigger bet
⚠️ if this is your first time reading about Arcium, i have a more general thread for you here:
https://t.co/pwmpMtGpSY
▫️arcium shipped before $ARX
i went through Arcium's pre-TGE update & the main thing i got is pretty simple.
they waited until the network had live apps before pushing $ARX out, which is imo, the right way.
Arcium is already live on Solana Mainnet Alpha, @UmbraPrivacy is already public, & ecosystem teams already raised $7.5M+.
that matters because a lot of tokens launch first, then ppl wait months for something real to happen... we were all tired of that crap.
here, there is already something to click, test, & track.
▫️the apps are the proof
Umbra is probably the easiest example to understand rn.
it is a private wallet.
you can shield, transfer, & swap assets privately onchain.
so privacy stops sounding like a nerdy infra word & starts feeling like a normal user product.
that is a good sign imo, because most users do not care about MPC.
they care if the app works.
here are other apps powered by Arcium:
@craftsdev
@benchdotgames
@pythiamarkets
@hydex_io
@stealf_finance
@DinarioApp
@undesk_trade
@anon0mesh (just got my attention recently, w/ all this private messaging issues crap especially)
@meleemarkets
@seedplex_io
@epochdotm
@flewlive_
you might want to check 'em cause they're all bout that privacy stuff...
▫️the token has a job (utility)
the ecosystem also surprised me a bit.
Arcium is already being used for:
• private wallets
• sealed-bid auctions
• OTC, payments
• private voting
• fundraising
• DAOs
• prediction markets
the idea is simple:
crypto has a lot of data that should not be public, and those are:
i) balances
ii) bids
iii) votes
iv) trades
v) wallet links
vi) user info
Arcium is trying to keep that data hidden while the app still runs onchain.
▫️$ARX has a clear role too
it will be used for staking, computation scheduling, & governance.
in simple terms:
• staking, you know that it keeps node operators accountable
• scheduling decides which encrypted jobs get processed
• governance gives locked holders a say in future changes
▫️the bigger future angle is AI
Arcium is adding Manticore, an AI-focused MPC protocol from Inpher.
the idea is to let AI work w/ sensitive data W/O exposing the data itself, like
medical data, financial data, personal data.
that is probably the part i will watch closest after TGE.
if Umbra, C-SPL, & Manticore create real usage, Arcium becomes much more than a privacy narrative.
