The current architecture direction combines DAG-oriented ordering, committee-based parallel execution, wallet-side proof generation, Server-side proof verification and globally shared shielded state. Public claims about throughput, finality and production readiness remain gated by reviewed evidence.
Rust workspace — state, network, consensus, indexer, VM, crypto and RPC. Wallet-to-Server submit path, typed block events and tiered storage retention.
DAG-oriented ordering with committee attestations and epoch-based admission. Validator-set reconfiguration is part of the public testnet readiness path.
Parallel execution by committees with fast / slow lanes — a controlled MoveVM subset alongside a native Rust private kernel.
Hybrid UTXO + Account model, Poseidon commitment tree, nullifier SMT, AMM pool state and gas / block headers.
Indexer exposing OHLCV, TVL and events — useful without becoming a privacy leak, respecting shielded transaction semantics.
We separate design targets, internal benchmarks, public evidence and approved public claims. Nothing unverified is presented as live.
| Centralized exchange | Typical DEX | Phinancer | |
|---|---|---|---|
| Custody | Exchange holds funds | Self-custody | Self-custody, certified operators |
| Liquidity | Siloed per venue | Per-pool, fragmented | Shared global layer |
| Privacy | Operator sees all | Fully public on-chain | Shielded by design |
| Who can build | One company | One interface | Many venues & frontends |
| Operator trust | Brand / opaque | None / anonymous | Stake bonds + on-chain reputation |
| Claim | Public status | How it's unlocked |
|---|---|---|
| TPS sustained (shielded) | Not a public claim | Reviewed, reproducible benchmark |
| Finality SLA | Not a public claim | Hard-finality evidence + release review |
| Public Testnet v1 | Not open | Wallet, SDK, explorer, faucet, RPC, monitoring & security gates |
| Mainnet readiness | Not ready | P12 / SR13 readiness decision |