Offshift Momiji Phase 1 Launch Now Complete
Nearly 4 years in the making, Phase 1 of the Offshift Momiji rollout is now complete, with the core protocol live on Ethereum Mainnet.
— Offshift (@OffshiftXFT) June 12, 2024
In addition, the first ever PureL1Rollup batch has been proven and published - in which a wallet with no ETH submitted an $XFT deposit to a…
What has Offshift achieved with the launch of Momiji?
— Offshift (@OffshiftXFT) June 12, 2024
1. Decentralized Sequencing
There's been a lot of talk about it - but we spent the last year actually building it.
Our synthetics platform and rollup software are open-source, permissionless, trustless, and completely in…
3. Practical Privacy on Ethereum with PBS and Offshift
— Offshift (@OffshiftXFT) June 12, 2024
Thanks to the existence of Proposer/Builder Separation (PBS) infrastructure on Ethereum, each actor involved in the operation of our network can remain private and anonymous - from users to publishers.
Utilizing Ethereum…
5. Private Payments
— Offshift (@OffshiftXFT) June 12, 2024
Once inside the protocol, users can fully shield sender/receiver address & asset amount, making completely private synthetic asset swaps.
Within a single private transaction, a user can do any combination of the following:
‣ Create up to 16 UTXOs
‣ Spend…
7. Recursive Proving via @aztecnetwork's @noirlang
— Offshift (@OffshiftXFT) June 12, 2024
Perhaps the most important part of Momiji's zk-SNARK framework - batches of transaction proofs can be verified using a single call on-chain.
Unlike Offshift's v1 platform - which forced users to perform contract verifications…
We'd like to again thank those mentioned in this thread, the giants whose shoulders we've had the benefit of standing on, for their contributions to privacy technology and this space.
— Offshift (@OffshiftXFT) June 12, 2024
And we'd like to thank our passionate community, many of whom have been with us for much of…