Shutter DAO 0x36
Purpose
Shutter DAO 0x36 is a true decentralized onchain organization, launched and canonized by community members
It provides grant funding to Shutter ecosystem projects and elects Keypers, the decentralized group that generates and safeguards the cryptographic keys behind Shutter’s threshold encryption
2.5k
Members
2.5k
Members
75
Proposals for Voting
41
Proposals Passed
$3,717,537
Grants Distributed
23
Grants
At the Heart of Shutter Is Its Commit-Reveal Scheme
The commit-reveal scheme in the Shutter protocol ensures privacy and fairness in blockchain transactions. Participants encrypt transaction data to create a commitment recorded on the blockchain, preventing alteration. Later, the encrypted data is revealed to complete and verify the transaction.
Encrypted Mempool
The encrypted mempool enhances privacy by encrypting transaction data before it enters the public mempool, keeping details hidden from unauthorized access until transactions are confirmed. This prevents manipulation, ensuring fairness and security.
Distributed Key Generation
Distributed Key Generation involves a group of independent participants, known as Keypers, who collaborate to create encryption and decryption keys. This eliminates reliance on a central authority, and enhances security and privacy since no single participant has control over the key.
Threshold Encryption
Threshold encryption improves security by dividing the responsibility of encrypting and decrypting information among multiple participants, known as Keypers. Instead of relying on a single entity for the decryption key, a designated number of Keypers must work together to unlock the data.
Fairness & Shutter Explained: Rock, Paper, Scissors Style
Technology Partners
Shutter is open-source, with all information freely avaialble
Whitepapers, APIs, & documentation - we got it all right here.