2026-01-09 00:27:04

Miden's privacy OTC service is quietly taking shape. This is an interesting mechanism design — transaction records are transparent and verifiable, but the identities of the transaction participants are completely anonymous. In other words, you can see what transactions occurred, but you cannot see who is transacting.

This type of privacy transaction infrastructure is still in its early stages. To compare, Lumina engine is nearing public testing. Two different technical routes have been chosen, each making trade-offs in privacy computing and on-chain interaction.

Both projects are worth paying attention to — one demonstrates the possibilities of privacy OTC, and the other validates the market demand for this approach.

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AirdropBuffet

· 01-09 03:18

This privacy design is quite interesting. You can see the transactions but not the people, it feels like playing hide and seek on the blockchain.

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AirdropHunterXiao

· 01-09 00:57

Looking at the transaction record, I don't know who made the transaction. This logic is a bit extreme... The perfect balance between privacy and transparency.

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WhaleInTraining

· 01-09 00:56

You can see the transactions but not the people; this logic is a bit extreme.

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ProtocolRebel

· 01-09 00:56

This is outrageous. Transactions are transparent, but people are hiding? Feels like playing "Schrödinger's OTC" haha Lumina is almost out, while Miden is still "quietly taking shape," the progress is quite different Privacy transaction infrastructure is gaining momentum. Early entrants should be able to catch some benefits Both routes have their pros and cons; it depends on who understands user needs better Private domain transactions are indeed a blue ocean, but only a few can truly succeed Honestly, it still depends on the implementation; no matter how beautiful the mechanism is, it's useless Miden's logic feels a bit convoluted; what's transparent if you can't see the people involved

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Web3ExplorerLin

· 01-09 00:51

honestly, the transparency paradox here is lowkey genius? like watching transactions happen in real-time but having zero clue who's moving what... that's basically the oracle network problem applied to identity layers. from a game theory angle, this changes everything about what "privacy" actually means in trading.

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TxFailed

· 01-09 00:32

ngl, the "see what traded, not who" angle is basically privacy theater if the on-chain footprints still leak metadata. learned this the hard way with past implementations... but actually, curious how they're handling the settlement layer here without turning it into another gas gone wrong situation.

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ChainSherlockGirl

· 01-09 00:30

Looking at the transaction data but can't figure out who the big spender is? This design is indeed quite interesting, I just don't know which big account is secretly making some small moves. Lumina and Miden are advancing on dual tracks. It feels like the privacy OTC sector is really about to take off. Based on my analysis, these two will eventually cross paths. Bet 5 dollars, when the public beta launches, the big account addresses will become active again, and on-chain data will stir. Privacy infrastructure should be built like this—let me track transaction amounts, but don't tell me who the big spender is, perfect. These two projects competing to launch indicate that the market gap has already been torn open. It all depends on who can successfully run the business model.

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