Lightspeed Why Privacy Matters For Solana | Yannik Schrade
Mar 24, 2025
Yannik Schrade, Founder of Arcium and a privacy expert, dives into why privacy is crucial in the crypto world. He shares the origin story of Arcium and discusses the advancements in transactional privacy on Solana, focusing on Zero-Knowledge proofs. Yannik explains the innovative concept of dark pools and how they operate within Solana. He also highlights the importance of privacy in decentralized applications and emphasizes the cypherpunk movement's influence on enhancing user privacy in cryptocurrency.
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Arcium's Solana Origin
- Yannik Schrade got into Solana through building Elusive, a privacy-focused project.
- Solana's speed and ecosystem, along with Anatoly Yakovenko's support, attracted him.
From Elusive to Arcium
- Elusive, Arcium's first iteration, focused on basic transactional privacy using zero-knowledge proofs but proved insufficient.
- Arcium evolved to "Privacy 2.0" by using MPC for more complex applications like dark pools.
Privacy 1.0 vs. 2.0
- Privacy 1.0 was basic and politically motivated, focusing on simple transactions.
- Privacy 2.0 uses encrypted shared private state to enable new possibilities like dark pools.