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Blockchains/cryptocurrencies are actually quite simple, from a cryptographic POV.
by teiferer 1y ago
Blockchains/cryptocurrencies are actually quite simple, from a cryptographic POV.
- beeflet 1y agoI disagree. While it's true that early cryptocurrencies were based on well established cryptography, a lot of the modern (post 2017-ish) cryptocurrency tech involves cutting-edge cryptography. Especially with respect to post-quantum setups, zero-knowlege proofs, and new devices like adaptor signatures. One reason for this is that cryptocurrencies are highly bandwidth-limited. Cryptography developed for other applications (such as voting systems, etc.) needs to be specialized to meet the size and computational restraints inherent to cryptocurrency design. Efficiency is everything.