Creates and manages sealed-bid auctions on the SUI blockchain with commit-reveal mechanics.
npx skills add https://github.com/first-mover-tw/sui-dev-agents --skill sui-seal
Please help me install this Agent Skill. Skill: sui-seal Source: https://github.com/first-mover-tw/sui-dev-agents/tree/main/skills/sui-seal Command: npx skills add https://github.com/first-mover-tw/sui-dev-agents --skill sui-seal
This Skill enables the implementation of sealed-bid auctions, ensuring bid privacy and preventing front-running, which is crucial for high-value digital asset sales or fair resource allocation.
Use the sui-seal skill to create a new sealed auction for the item 'my-nft-id' with a reserve price of 1000 SUI and a duration of 3600 seconds.
High-intent search queries and answers about installing and using this skill.
You can conduct private bidding for high-value digital assets on SUI by using a commit-reveal mechanism. Bids remain hidden during the commit phase and are only visible during the reveal phase, ensuring confidentiality and fairness.
The commit-reveal mechanism works by having bidders submit a cryptographic commitment to their bid during the commit phase, followed by a reveal phase where actual bids are exposed. This ensures bid privacy and prevents manipulation throughout the auction process.
Yes, implementing sealed-bid auctions on SUI requires Move smart contracts for auction logic and client-side JavaScript for bid commitment and reveal operations. This combination ensures bid privacy and fair settlement for high-value digital asset sales.
Yes, you can use sealed bid auctions for fair resource allocation on the SUI blockchain. This approach ensures bid privacy and prevents front-running, making it suitable for high-value digital asset sales and fair resource distribution scenarios.
Commit-reveal auctions require two separate phases, meaning bidders must actively participate during the reveal phase to validate their bids. Failure to reveal results in a lost bid, and the process requires careful timing to ensure fair settlement.
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