Henry de Valence, Penumbra Labs | Private Decentralized Exchange

Real world coordination requires control over information. Henry argues that information leaks are value leaks, and that value is lost whenever markets leak information unnecessarily. Privacy, then, is a way of retaining that value and market systems that allow privacy should by default outcompete forced public markets. Zero-knowledge proofs are one way to achieve this but it requires executing off-chain. Penumbra is developing a new methodology for encrypting trading information while maintaining the integrity of the public ledger.