Name of Project
Lit Protocol Cross Chain Validation
Proposal overview
Mission
Lit Protocol uses threshold cryptography to enable the internet’s decentralized security model, and steward the internet’s distributed secrets.
Lit Protocol is an open source, decentralized utility that uses encryption to provide blockchain users access to digital and real world experiences. The network acts as a decentralized access control list (ACL) which leverages on-chain data to grant users access to content, software, and other decentralized networks.
Proposal Overview
Lit Protocol provides encryption and access control in a self sovereign and decentralized manner through the use of threshold encryption. With an already active user base performing signing and encryption using BLS threshold encryption, Lit is now implementing ECDSA threshold encryption to enable signing and verification of messages with EVM compatible chains and all others supporting similar elliptical curve security.
An identified use case is decentralized cross chain asset and condition validation for use within the Harmony ecosystem.
Lit proposes to implement distributed cross-chain signing available to Harmony’s dApp builders that can be accessed through the Lit JS SDK. The solution would allow a Harmony dApp developer to validate conditions within another EVM chain - for example, does a given user hold a BAYC NFT on the Ethereum mainnet? Use of condition information is virtually limitless - it can be used gate access within dApps through to provide purchasing incentives to asset holders.
To accomplish decentralized cross chain signing, Lit’s nodes perform independent validation of chain conditions (e.g. confirming asset ownership) and create independent signature shares - these shares can be recombined within the client’s browser, maintaining decentralization constraints. Signatures can then be stored and/or validated on the Harmony blockchain for reference at any time.
Lit proposes to use a Harmony grant to implement and create a reference sample including implementation of secure cross chain condition validation, smart contracts on the Harmony blockchain that can validate signatures independent of the LIT networks and a simple sample UI for common uses.
This foundational work targets specific asset held by users, but use cases would also include any on-chain verifiable conditions, including DAO membership, value style information (e.g. user holds $10k of ETH), and any combination of related that can be applied through boolean logic.
Team
We are a team of 10, and Brendon Paul is the lead on this project.
Partners
Expanding the range of partner projects
Proposal ask
$10K after launching a feature-complete reference on the Harmony testnet
$10K after launching on the Harmony mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
Metrics for success
5+ new or existing dApps using cross-chain validation
5+ new DAO using cross-chain validation
1000+ active users daily
External links
Lit Protocol home
Developer Docs - documentation, examples, api & Github resources.