Behind the Technology
Restoring Fairness
At the Heart of Shutter Is Its Commit-Reveal Scheme
The commit-reveal scheme in the Shutter protocol ensures privacy and fairness in blockchain transactions. Participants encrypt transaction data to create a commitment recorded on the blockchain, preventing alteration. Later, the encrypted data is revealed to complete and verify the transaction.
Encrypted Mempool
The encrypted mempool enhances privacy by encrypting transaction data before it enters, keeping details hidden from unauthorized access until transactions are confirmed. This prevents manipulation, ensuring fairness and security.
Distributed Key Generation
Distributed Key Generation involves a group of independent participants, known as Keypers, who collaborate to create encryption and decryption keys. This eliminates reliance on a central authority, and enhances security and privacy since no single participant has control over the key.
Threshold Encryption
Threshold encryption improves security by dividing the responsibility of encrypting and decrypting information among multiple participants, known as Keypers. Instead of relying on a single entity for the decryption key, a designated number of Keypers must work together to unlock the data.
Fairness & Shutter Explained: Rock, Paper, Scissors Style
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