@pipsandbills
going over miden's zk-based privacy architecture and realized something important:
miden will launch with a centralized sequencer,
and with zk alone, that means the sequencer can still see your data.
it's like sending a whatsapp message where the encryption only hides how the message was typed but whatsapp hq can still read the actual message
that means the “privacy” tagline isn’t end-to-end yet.
what you have is a computation privacy not data privacy but that could be improved with
@zama 's fhe integration
let's break that down 🧵
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