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Zero knowledge proofs for the win! This is one of the things I need to see in a cryptocurrency before I believe it will succeed at scale. 1 Zero-knowledge proo
by SavantIdiot 6y ago
Zero knowledge proofs for the win! This is one of the things I need to see in a cryptocurrency before I believe it will succeed at scale.
1 Zero-knowledge proofs,
2 shielded ledgers,
3 democratized and energy efficiency mining,
4 inflationary control, and
5 wallet recovery.
No one has all of these yet, but ZKP is a big part of it.
- gautamcgoel 6y agoCan you explain what you mean by shielded ledgers?
- b0tzzzzzzman 6y agoI am also curious what you mean.
- SavantIdiot 6y agoSee my peer comment.
- SavantIdiot 6y agoThe fact that wallet IDs are visible in the blockchain breaks it completely for me. I do NOT want an immortal record of every penny I spent and to whom I gave it. Fuuuuuuuck that. Today I have a choice, but with many cryptocurrencices (ETH, BTC) that is a "feature" not a "bug". Monero and Ravencoin have transparent and shielded entries. I believe the node is encrypted with an ECDH shared secret, so the payer and the payee know each other's wallets, but no one else does.
- drexlspivey 6y agoIf by inflationary control you mean non limited supply, grin (mimblewimble protocol) has all those attributes.
- SavantIdiot 6y agoyes, i did mean that. also pegging it to a real currency, like USDCoin. I have not heard of Mimblewimble. Thanks for the reference, I'll add it to my list of coins to study.
- takoid 6y agoYou should look into Monero.
- SavantIdiot 6y agoYep. I have. RandomX and ECDH ledgers are a big plus.
- devmunchies 6y agomonero is proof of work? is there a proof of stake alternative to monero?
- iSnow 6y agozk-SNARKs are a practical application of ZKPs in crypto.
- 35mm 6y ago3 - proof of stake (Cardano etc) solves this, no?
- SavantIdiot 6y agoLike I said, lots of coins touch some of these, but I don't know of any that has all of them.