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By ignoring cryptocurrencies, you've missed out on over 10 years of progress in this space. We have things like zero knowledge notaries and data availability sa
by px43 3y ago
By ignoring cryptocurrencies, you've missed out on over 10 years of progress in this space. We have things like zero knowledge notaries and data availability sampling proofs. Actively Validated Services are also a thing. Service providers stake some asset, and interested parties can challenge them at certain intervals to ensure that they are properly performing their duties. Through the magic of Merkel Trees, and soon Verkel Trees (basically Merkel tress, but using vector commitments for super fast proofs) challengers can demand that that service providers generate a proof that some data they hold matches some criteria. The nice thing about it is that because it's a zero knowledge proof, the challenger doesn't even need to know what that data is, and what they get back is a succinct proof that they can check very quickly, basically like checking an md5 some for execution correctness.
It's cool shit, you should really look into it.