Description
Every worthwhile democracy uses a secret ballot, and every fair sealed-bid auction needs an auctioneer nobody can bribe. On chain, someone usually still has to see the inputs to count them. The Interfold, built by Gnosis Guild, spreads that trust across a network using fully homomorphic encryption, threshold decryption and zero knowledge proofs, so votes and bids stay secret while the result can still be verified.
Auryn Macmillan, co-founder of Gnosis Guild, explains why ZK proofs alone cannot make a vote receipt-free, how running the MACI coordinator himself ("I trust me, but why should you trust me?") inspired the project, and how competing banks could pool risk scores without trusting each other. He also covers what network alpha and the Fold token mean, why fees are paid in stablecoins, the dual staking model for node operators, Vitalik's role, hiding bidder balances with Railgun, and the next adopters through Aragon. Not financial advice.
🔗 https://theinterfold.com
📚 Docs: https://docs.theinterfold.com
✖️ https://x.com/theinterfold
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Chapters:
0:00 Why every democracy uses a secret ballot
0:36 Intro: Auryn Macmillan of Gnosis Guild
1:25 Secret inputs, verifiable results: voting and auctions
3:43 Why ZK proofs alone are not enough
4:29 "Why should you trust me?" The coordinator problem
5:46 FHE and ZK work together
7:41 From Gnosis to Gnosis Guild and Zodiac
11:02 Compliant privacy for institutions
12:16 Research on medical data without taking custody
14:20 KYC, AML and fraud scoring
15:21 What network alpha and the Fold token mean
16:24 Testing on the Interfold's own governance
17:39 Sealed-bid auctions are next
18:21 Why competing banks need shared infrastructure
19:43 Fees in stablecoins, not the Fold token
21:13 Dual staking with a stablecoin bond
23:37 Vitalik, MACI and privacy at the base layer
26:21 Hiding bidder balances with Railgun
28:55 Next adopters: Aragon, pilots and auction partners
31:32 Where to learn more
32:31 Closing
#Privacy #FHE #Ethereum
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