Messari Report Highlights COTI's 50-80 Transactions Per Second in DeCC

Messari, a renowned crypto research agency, has released a comprehensive report on confidential computing, highlighting the significance of decentralized confidential computing (DeCC) in the blockchain ecosystem. The report delves into various confidentiality technologies, with a particular focus on COTI’s Garbled Circuits implementation.

DeCC aims to provide enterprises with the benefits of decentralized infrastructure while keeping sensitive data private. This technology is crucial as public blockchains, while transparent and verifiable, are not suitable for enterprises that need to keep their financial data confidential. DeCC allows for the encryption of data throughout computation, revealing only what is necessary for correctness and verification. This enables applications to maintain a private state over public blockchain infrastructure.

The core technologies bundled under the confidential computing banner include Zero-Knowledge Proofs (ZKPs), Multi-Party Computation (MPC), Garbled Circuits (GC), Fully Homomorphic Encryption (FHE), and Trusted Execution Environments (TEEs). Each of these technologies plays a unique role in ensuring data privacy and security.

Messari’s report examines COTI’s Garbled Circuits implementation, noting its high throughput, which initially supports 50-80 confidential ERC20 transactions per second. This benchmark is set to increase in the future, making COTI a strong contender in the DeCC space. The report also highlights COTI’s work with national governments in blockchain pilots, such as the Bank of Israel’s CBDC challenge, demonstrating its potential for high-level adoption.

In addition to Garbled Circuits, Messari’s report covers MPC, which allows computation to be performed without revealing the underlying data. Projects like Arcium and Partisia are advancing the adoption of MPC, championing its use cases in fields such as cross-organizational data collaboration, secure key management, and decentralized identity systems.

Messari describes DeCC as representing a foundational shift in how sensitive data is handled in decentralized systems. With significant investment pouring into the sector and projects emerging at every level of the blockchain stack, the era of DeCC is transitioning from theoretical whitepapers to practical implementation. The future of DeCC remains uncertain, with various competing standards vying for market leadership. However, it is clear that this technology is poised to play a crucial role in the evolution of blockchain and decentralized systems.