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I don't think that is established. Distributed and permissionless systems don't need to handle the overhead of access control. They do have the computational ov
by ETH_start 4y ago
I don't think that is established. Distributed and permissionless systems don't need to handle the overhead of access control. They do have the computational overhead of massive redundancy, but that can be significantly reduced with zk-(SNARK/STARK) cryptography that provides succinct zero-knowledge proofs of validity.
With zk-proofs, the redundancy of a blockchain can be significantly reduced without comprimising security. What redundancy remains provides the high process integrity that critical applications like financial transactions require.
- throwaway413 4y agoDo you have any recommended readings on zk-proofs? Familiar with crypto, familiar with zcash, but haven’t looked into this enough and sounds promising. I am going to look into it. It’s been around for a bit already, why is it not more widely adopted compared to BTC/ETH, any thoughts?
- ETH_start 4y agoThis is a good write-up on how zk-proofs can be used to increase the scalability of blockchains: https://polynya.medium.com/rollups-data-availability-layers-modular-blockchains-introductory-meta-post-5a1e7a60119d https://polynya.medium.com/rollups-data-availability-layers-... zcash initially used zk-proofs only for privacy. It is only now looking to utilize it for scalability.