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You should look up how Monero and ZCash work.
by lawn 4y ago
You should look up how Monero and ZCash work.
- bilsbie 4y agoCan those be built onto eth?
- flotzam 4y agoAztec already is: https://zk.money/ https://zk.money/ It's like the Zcash shielded pool, but as an Ethereum L2.
- lawn 4y agoMonero can't for the simple reason that for privacy to work well it needs to be on by default, not opt-in like ZCash does it.
- rahen 4y agoHowever Monero has shortcomings, the main one being its auditability. Some Monero developers have created a new project which tries to solve those issues, and add zero knowledge proof to the mix: https://pirate.black https://pirate.black
- lawn 4y agoYou can audit Moneros math and source code, therefore you can audit the supply. It's more work than with Bitcoin to be sure, but it's still possible. Monero already uses zero knowledge proofs, but in a different way than eg ZCash.
- Ar-Curunir 4y agoThe opt-in nature of Zcashs privacy mechanism is not inherent. You can just flip a switch and disallow private transactions.
- tiluha 4y agoNo. Privacy has to exist at the base layer.
- baby 4y agoNot true