A key issue with current smart contracts is that on-chain data is highly transparent. All operations are exposed externally, which poses a dilemma for applications that need to protect business logic or user privacy.



Picklin contracts propose a different approach: embedding privacy protection into the contract execution process. Simply put, when writing a contract, you can mark which state variables need to be kept confidential, similar to using the private keyword in traditional programming. The difference is—these private variables are not visible in plaintext even to the contract itself; all operations must be performed through zero-knowledge proofs.

What’s the advantage of this? Consider a privacy-preserving auction scenario. Traditional contracts find it difficult: bid information is either publicly visible on-chain or stored off-chain with trust placed in an intermediary. Picklin contracts keep the entire bidding process encrypted throughout execution. The contract can verify that "this bid is valid and higher than the previous one" without seeing the actual number. Only at the end of the auction, during the reveal phase, is the result decrypted and made public. It’s like an honest blind auctioneer—accepting sealed bids, determining the highest bid, but never knowing the actual bid values.

From an application design perspective, this breaks the previous trade-off between privacy and functionality. Developers can now build truly privacy-preserving applications rather than relying on complicated workarounds. Of course, the learning curve is steeper, requiring adaptation to this new programming paradigm.

For scenarios that require privacy protection with on-chain verification—such as privacy financial contracts, confidential bidding mechanisms, or privacy governance voting—this approach is worth paying attention to.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GasOptimizervip
· 9h ago
What is the verification cost of zero-knowledge proofs? Not clear enough. The privacy of Picklin contracts is outstanding, but the gas fees must skyrocket. This learning curve is extremely steep. Privacy auctions sound good, but how many projects are actually implementing them? Many workarounds are welcome, at least the fee model is clear. Feels like another case of lofty ideals versus harsh reality.
View OriginalReply0
MeltdownSurvivalistvip
· 9h ago
The metaphor of the blind auctioneer is brilliant; finally, there's a way for contracts to verify without peeking.
View OriginalReply0
PretendingSeriousvip
· 9h ago
The metaphor of the blind auctioneer is brilliant; finally, there's a way to avoid choosing between privacy and on-chain transparency.
View OriginalReply0
LiquidatedNotStirredvip
· 9h ago
The metaphor of the blind auctioneer is brilliant; finally, we don't have to rely on those crazy workarounds anymore.
View OriginalReply0
NFTragedyvip
· 9h ago
The metaphor of the blind auctioneer is brilliant; finally, private keys are no longer just ornaments.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)