NFT Daily News technology
Invited Testers Try Private Accounts With Real Assets
Metal · 27 Oct 2026
Starting Oct. 26, 2026, a privacy-focused blockchain lets launch partners and invited users operate on its invite-only partner mainnet. Partners and invited users can now move real assets on it.
How it works
The network runs through Bread, its self-custodial wallet for phones and Chrome that hides balances and activity by default. Early-access codes began rolling out in waves starting Oct. 26, turning any code holder into a partner.
Participants hold, send and receive supported assets. They can also move assets to other networks and swap where pairs exist. Community chatter focused on how this setup lets teams test real activity without exposing every detail.
Each transaction runs on the user’s device, which creates a zero-knowledge proof. The network checks the proof before updating the ledger.
The proofs use STARKs that rely on hash functions alone. Most transactions finish proving on a phone in under three seconds. Rooms noted how this speed keeps the experience close to everyday apps.
Guardians back up and sync private account state so users can recover an account on a new device. Four operators handle the Guardians at launch, a role kept separate from private-key control.
Bread relies on an everyday key, a recovery key and a Guardian key. No single key holds full access. A private multisig further hides balances, signers and signing rules, letting teams add extra signers for bigger moves.
The multisig works with ECDSA and Falcon signatures. Asset callbacks let issuers add code that runs on movement, enforcing freezes or limits without revealing holder accounts.
A protocol-level exchange lives inside Bread. Teams already building on the phase include a business banking app, a payments service, an exchange and a name service.
Validators hold encrypted transaction data during this phase so no single validator can read it. Swaps stay public for now, while private-to-private transfers show the least information.
Why it matters
The partner mainnet runs for a limited time. Users withdraw funds before a reset ahead of public mainnet. The public stage will shift to a Blake3-based hash and add full zero-knowledge block proofs.
For private accounts, the chain stores cryptographic commitments. The private state itself stays unpublished.
Background
Miden started in 2020 as a research virtual machine for proofs and became an independent company in 2025. One security firm audited the Miden VM and another reviewed its transaction kernel.
A public ledger payment can reveal sender balances and history. This phase puts private accounts to work with real assets, giving early users a chance to test the setup.
Privacy upgrades like this are a regular topic for the Doginal Dogs community and on CSN, the Crypto Spaces Network.