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🧐@tenprotocol: Let sensitive data "surf the internet safely" on-chain.
Imagine being able to use real-world data on the blockchain—like your salary, credit score, or even medical records—without worrying about that privacy being exposed to the entire network. This is what Ten is doing.
How "exposed" is the current on-chain data?
Ordinary oracles are like a "loudspeaker": while feeding stock prices and weather data to smart contracts, they also directly broadcast it for everyone to see. Hackers and arbitrage bots lurk in the mempool to "pick up" the opportunities, and your lending strategies and trading models can be copied in an instant.
Ten's "Black Box" solution
Data is entering the chain as usual: prices, KYC information, game random numbers... everything that should be there is there.
Key calculations run in a cryptographic sandbox (TEE technology, based on the same principle as Apple's secure chip)
Only show the results without revealing the process: just like when you use ChatGPT, you don't need to disclose your chat history.
Real use cases are more exciting than concepts.
When mortgaging for a loan, it only proves that your salary is high enough, but you don't need to show your bank statements.
Playing on-chain games to draw SSR cards, the algorithm proves there is no black box, but you also cannot cheat.
Hedge funds deploy trading strategies on-chain, competitors can see the code but cannot steal the logic.
"Isn't this the privacy of Web2 + the verifiability of Web3?" - That's right, we call this "an on-chain office where you can meet clients in your pajamas." After all, no one wants to live like a transparent person in the blockchain era, right?
#TENProtocol # CookieSnaps #Cookie