Cover image for #36 | Advancing Blockchain Security with Fairblock

#36 | Advancing Blockchain Security with Fairblock

· 2 min read

In the latest ecosystem development, Nibiru takes a strategic step by integrating with Fairblock to strengthen privacy and security infrastructure on-chain. This collaboration enables Web3 developers the opportunity to create a diverse range of dApps, where privacy and security are integral foundational elements of their architecture.

Introducing Programmable Privacy (Privacy-as-a-Service) to Nibiru

Fairblock serves as a hub that exports privacy-as-a-service across the increasingly interconnected blockchain space. Through a modular architecture, it enables privacy on any blockchains that harness Fairblock’s state-of-the-art cryptographic tools. Fairblock empowers blockchains and apps with several forms of encryption schemes, each suited to enabling a distinct set of user experiences.

  1. Programmable Privacy and Conditional Decryption: Allows applications and users to encrypt transactions while setting specific conditions such as block number, prices, or ZKPs for decryption and execution. This enables users to customize privacy settings and controls which creates flexibility for development and execution.
  2. Pre-Execution Privacy: Ensures that transaction details remain confidential until the conditions for execution are met and transactions are executed. This prevents exploits and development limitations due to lack of privacy and the result of asymmetrical information access for malicious parties, bots, and competitors.

Fairblock's SDK**

Developers building on Nibiru will have access to Fairblock’s SDK which opens up limitless possibilities for creating privacy dApps. This toolkit makes it possible to encrypt transactions seamlessly, directly within the user interface of the applications or within the wallets.

Fairblock within the Nibiru Ecosystem: Developer Use Cases

With Fairblock, the possibility of developing unique applications on the Nibiru adds an exciting new dimension to dApp development. Developers will have access to cutting edge cryptographic tools that unlocks a variety of applications in DeFi, gaming, and more. To illustrate how Fairblock can be applied in gaming, particularly focusing on the use of private intents on-chain, here are two use cases:

  • On-chain Gaming:

    In gaming, keeping strategies hidden from opponents is crucial. Fairblock's encrypted transactions offer a swift and cost-effective solution for this, in contrast to the pricier zero-knowledge (zk) alternatives. Consider the classic game of Craps, which hinges on the outcomes of rolling a pair of dice. By utilizing Fairblock’s encryption and its on-chain privacy capabilities, along with randomness generation, both the dice outcomes and the players' bets can be securely revealed and executed within the same block. This approach effectively safeguards against cheating.

  • On-chain private intents: Encrypting transactions that are revealed only after certain conditions are met can help decentralized exchanges and other DeFi protocols protect users' stop-loss and limit orders from being exploited. When orderbook flow on exchanges is exploited, bad actors can engage in frontrunning by identifying selling points at local highs or buying opportunities at local lows.

Additional compelling use cases include:

  • Private Payroll
  • Compliance
  • Sealed-Bid Auctions
  • Bad - MEV Protection
  • Private Governance
  • Privacy Preserving Computation

As the industry continues to evolve, it’s paramount that builders have the toolkit to maintain the integrity of information. Through Fairblock’s framework developers on the Nibiru are equipped to build dApps securely and privately. The availability of programmable privacy and conditional decryption, pre-execution privacy along with Fairblock's SDK offers a greater level of flexibility in managing transaction privacy. This aligns with Nibiru's ethos of empowering developers with the tools to easily transition to mainnet.

About Fairblock

Fairblock is working on fully on-chain privacy solutions that serve as building blocks for decentralized applications and networks. We’re developing encryption and privacy-preserving services that can be used right in the frontend of decentralized applications, as well as directly in networks seeking privacy at the protocol level, from Ethereum to the latest rollups. The solution is portable and as user-friendly as HTTPS is for web2, without relying on centralized parties to keep transactions private.

Fairblock’s Website

Fairblock’s Twitter

About Nibiru

Nibiru is an emerging Layer 1 blockchain, designed to empower both Web2 and Web3 developers. Nibiru offers a robust platform for building innovative applications and services, bridging the gap into blockchain development. Nibiru is highly scalable, offering instant finality, rapid 1.4-second block times, and throughput of over 40,000 TPS. Build blockchain applications today!

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