Shutter Predict: A Mini-dApp for Encrypted Predictions
Have you ever wondered why some people post these cryptic hashes on X-Twitter?
They do this because predictions can sometimes provide valuable insights that might influence markets or shape opinions if revealed too early.
We built a small showcase for the new Shutter API called Shutter Predict, a dApp that lets you make predictions.
Make predictions or statements about anything, commit it on-chain, and have it revealed automatically in the future!
Shutter Predict enables this use case while also making the decryption unstoppable so that the person can’t back out from ultimately revealing their prediction.
Here’s how it works:
– You make a prediction
– Choose the reveal time
– The prediction is encrypted and committed to the Gnosis Chain
When the time comes, it’s decrypted and posted publicly by a bot on X-Twitter.
There’s no edit button and no way to withhold or retract your prediction once the time is up.
The process is automated and trust-minimized, using Shutter’s distributed Keyper network.
Why use it?
– To avoid influencing others in advance
– To protect market-sensitive insights
– To prove your foresight without selective disclosure
– If you’re an influencer with domain-specific knowledge, this is a way for you to engage your community
Shutter Predict is not a product. It’s a minimal, playful demo to showcase what the Shutter API can do.
It’s still in the early days for Shutter API and the decentralization of the Keyper set. Do not encrypt anything of value or sensitive information.
The same commit-reveal encryption can power Shielded Voting, encrypted auctions, randomness generation, and privacy-preserving DeFi flows.
Predict just shows what that might look like.
Give it a try!
https://blog.shutter.network/shutter-predict-a-mini-dapp-for-encrypted-predictions/
submitted by /u/Smokyish
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