Hidden Forces Nillion NMC: A Secure Processing Layer for Web3 | Miguel de Vega
Feb 28, 2022
Miguel de Vega, the mastermind behind Nillion's Nil Message Compute (NMC) and an expert in Secure Multi-Party Computation (SMPC), discusses groundbreaking advancements in decentralized data processing. He explains how Nillion’s system leverages non-blockchain technology for secure, speedy computation. The conversation includes the evolution of zero-knowledge proofs, enhancing private data security, and the potential of decentralized password management. Miguel also delves into Nillion’s role in blockchain interoperability and innovative data security solutions.
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Encryption vs. Privacy
- Encryption scrambles information to hide content, distinct from privacy, which is about not showing information.
- Blockchains are public because they show information to everyone.
Nillion's Purpose
- Nillion is a secure processing layer providing availability, integrity, and confidentiality.
- It focuses on computation and processing of any data type, beyond just transactions.
Information-Theoretic Security
- Information-theoretic security (ITS) guarantees that shared data pieces contain zero information about the secret.
- The secret is embedded within a polynomial, and shares are points on the polynomial.