What is Partisia (MPC)? To process private data without revealing its contents, Partisia Blockchain uses Secure Multiparty Computation (MPC) as part of its infrastructure. This method is compliant with strict data protection standards and allows for the usage of confidential data in many sectors without compromising privacy.
Understanding Partisia(MPC)
Sharding is an integral part of the Partisia Blockchain design that distributes storage and computation across the network to increase scalability. Even when the network is under heavy strain, this architecture will keep transactions secure and finalized faster. Bring Your Coin (BYOC) is a token bridging mechanism included in Partisia Blockchain that facilitates transactions in users’ preferred tokens and encourages interoperability across various blockchain ecosystems.
With its intuitive user interface, the platform makes it easy for developers to incorporate MPC technology into blockchain applications. This makes it possible to build private and public smart contracts without having a deep understanding of cryptography. Zero-knowledge (ZK) calculations are also being prioritized since they allow for private transactions and computations to take place across blockchains, which is excellent for privacy and interoperability.
In order to overcome the current shortcomings of blockchain technology, Partisia Blockchain suggests a solution that emphasizes scalability, secrecy, and transparency. Applications in the healthcare and financial sectors, where the protection of sensitive information is of the utmost importance, are among its many supported uses. Partisia Blockchain is an international consortium that works on improving the security, efficiency, and scalability of blockchain applications by creating privacy-preserving, blockchain-agnostic platforms through zero-knowledge computation.
What is the MPC Token?
An essential component of the Partisia Blockchain ecosystem, the MPC token is used for multiparty computation (MPC), which improves privacy solutions beyond what zero-knowledge proofs (ZKPs) can provide. A controlled economy is put in place to ensure that the token’s value and distribution throughout the network are maintained, with a total supply cap of one billion MPC tokens.
The MPC token’s economic structure encourages users to participate in the network and improve its security. Through the Partisia Wallet’s token staking procedure, token holders can participate as full block creators and validators. Baker nodes, ZK nodes, and BYOC cross-chain nodes are the three types of node operators in the network, and they are all staking-required in their unique ways. Upholding the security and operation of the network relies on this varied node operator design.
The platform shows its dedication to its foundational participants by allocating 10% of the total MPC token supply to reward operators who contribute to the first network establishment. This incentive helps sustain network expansion and the platform as a whole. A decentralized system can be fostered by the introduction of “delegated staking,” which enables more significant participation in the network’s consensus and security processes.
The MPC token is also essential for the network’s internal transactions since it allows users to pay for network operations with a variety of liquid assets, including Ethereum and the Uncollateralized token bridge method, allows these assets to be linked into the Partisia Blockchain, increasing the platform’s flexibility and interoperability. With this feature, transactions can be processed across different blockchain networks without compromising privacy or scalability.
What is MPC’s Tokenomics?
- Hard Cap: The MPC token has a hard cap of one billion tokens, establishing a finite supply to prevent inflation and ensure scarcity, which could influence the token’s value over time.
- Incentive for Participation: The tokenomics are structured to encourage active participation within the network. Token holders can stake MPC tokens to become full block producers or validators. This staking mechanism is essential for network security and decentralization.
- Rewards for Node Operators: To bootstrap the network and maintain its health, 10% of the total MPC supply is allocated to reward node operators. This allocation aims to compensate operators for their contributions to the network’s stability and growth.
- Delegated Staking: This feature enables broader community participation in the network’s security and consensus mechanisms by allowing token holders to delegate their stake, which democratizes and satisfies the influence of network operations and rewards.
- Transaction Fee Payments: MPC tokens facilitate the payment of transaction fees within the network. However, Partisia Blockchain also allows transactions to be paid with liquid coins such as Ethereum and USD, which can be brought onto the Partisia Blockchain, the collateralized token bridge. This approach promotes flexibility and interoperability within the ecosystem.
- Unlocking Schedule: The tokenomics include a detailed unlocking schedule for presale participants and team allocation, emphasizing long-term commitment and gradual distribution into the market.
How to Buy MPC with Crypto
- Log in to your account or sign up to create one.
- Go to the Deposit page.
- In the Cryptocurrencies section, choose the crypto you plan to buy MPC with and generate a deposit address on the Exchange wallet.
- Send the crypto to the generated deposit address.
- Once the funds arrive in your wallet, you can trade them for MPC.
