π In the last post, I explained how full data exposure on a public blockchain can be harmful β even in regulated systems like Drex.
So how do we solve this without sacrificing verifiability?
The answer: Harpo.
Hereβs how it works β in a simple and modular way:
βοΈ 1. UTXO-Based Model
Instead of a continuous balance history (like traditional accounts), Harpo uses the UTXO model (Unspent Transaction Output), just like Bitcoin.
Each transaction consumes and generates discrete βtokens,β making it easier to apply consistency proofs without exposing original data.
π 2. Privacy Layer with ZKP
Every private operation is validated using Zero-Knowledge Proofs (ZKPs):
You prove the operation is valid (e.g., correct amount, sufficient balance, authorized recipient)
Without publicly revealing the data.
This is Harpoβs core: trust without exposure.
π§© 3. Modular and Interoperable
Harpo doesnβt create a new blockchain or require changes to Drex.
Itβs a modular privacy solution for public blockchains like Ethereum and other EVM-compatible networks. It allows you to:
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Execute private transactions
β
Prove correctness without revealing data
β
Audit what needs to be audited
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Preserve the public transparency required in regulated environments like Drex
This enables:
Swaps between public β private tokens
Selective auditability by authorities (no backdoors)
Integration with existing smart contracts
π‘οΈ 4. Authority in the Loop β Without Unrestricted Access
Authorities can audit specific transactions, with consent or regulatory order, using proofs that confirm:
Origin and destination
Validity of the operation
Without revealing full content.
In short: not everything is public, but nothing is out of control.
π‘ The result:
Confidentiality for users and businesses
Verifiability for regulators
Seamless integration with Drex without breaking the trust model
To see more πclick hereπ
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