Fairblock: A Consumer Chain of the Cosmos Hub

Original Logo 2229×1075 95.3 KB At FairBlock , we are building a solution to combat bad MEV by using distributed Identity Based Encryption (IBE). IBE is a novel, secure, and efficient pairing-based scheme that can be used to enable pre-execution privacy. Users will be able to use FairBlock to send encrypted transactions and once an order is finalized, the transactions are decrypted and then executed. We are excited to be part of the Prop 72 group of consumer chains which will be launching their consumer chain secured by the Cosmos Hub in 2023. FairBlock’s consumer chain FairyRing, will be used to distribute and manage the decryption private key shared by validators of the chain. We plan on utilizing Interchain Security to improve economic security and decentralization. Through FairyRing, it will be possible to provide MEV resistance with the economic security of the Cosmos Hub for arbitrary applications on any chain. Examples include: • Private governance • Sealed Auction • Cross-chain trading • Single-chain trading • NFT minting/listing/purchasing • Time-locked data encryption (on-chain encrypted data which can be decrypted only after a certain time) • Better…

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what is the better guarantee of execution? doesn’t any guarantee imply certainty?
Does it fall short of guaranteeing best execution, but average above worst execution, arriving at better execution?
this is only applicable to validators and the scheduler?
Is the 2.0 wp still going with all the treasury daos, liquid staking, and restructuring the whole emissions schedule??
your listed interests beg the question: do you not see the security concerns involved in private governance?

My criticisms aside, i am interested in learning more and look forward to future updates on your project.

Is any of what you are building is open source and available to check out?

Really excited for FairBlocks and appreciate you all introducing yourselves here. Happy to chat anytime if you have questions about the Hub community or ATOM 2.0

Not sure if this thread is still live, but would love to learn more about what you are building. Do you have a website, whitepaper, or addiitonal documentation that’s available?

There was an article about Fairblocks after/around Cosmoverse when it was announced they were funded which included a link to their paper; linked here.

Sergey from Axelar, and a mentor to the Fairblocks team, wrote a Twitter thread that explains it more succinctly.

I’m not associated with Fairblocks. Just had some links that may be helpful.