Snowden: Monero's privacy is primariy protected by the idea of Ring Signatures, which, while a huge step up from Bitcoin, are closer to a mechanism for "plausible deniability" than the true privacy intended by the zero-knowledge proofs used by Zcash.
ZCASH AND ENHANCED BITCOIN USING ZERO-KNOWLEDGE PROOF TECHNOLOGY.
Zcash is basically refered to as a crypto asset or cryptocurrency which basically provides to its users a greater protection in terms of securing their privacy. Zcash is like a revamped Bitcoin model despite been developed on bitcoin infrastructure, it also makes use of zero-knowledge proof technology which is called a Zk-SNARKs and its essence is to conceal users infor. The Zk- SNARKS protocol that runs on pure mathematical theory. Bounty #SERO #Privacy #Blockchain# For more information https://sero.cash/
Our cryptographers are still in the thick of it at Tel Aviv Blockchain Week! Catch Ben Fisch tomorrow and Thursday at Scaling Bitcoin, where he's giving the invited talk: "A Survey of Progress in Succinct Zero Knowledge Proofs: Towards Trustless SNARKs".
Can zcoin zero knowledge proofs be implemented on an existing chain such as bitcoin cash?
From what I understand zcoin is very similar to bitcoin cash regarding wallet seed generation etc. But it has the added feature for burning and minting new coins with zero-knowledge proof. Can this feature be integrated into an existing chain like bitcoin cash for example? - Maybe as a hardfork upgrade for example? - I am just thinking that if this technology matures and proves to be the way to go (or at least a great option to have there if needed)... if what you really care about is global adoption etc... you'd be better off just adding it to a chain that already has widespread merchant adoption and user base etc.
The Z-address, the T-address, and Bitcoin Private zero knowledge proof
I'm now heavily invested in Zclassic, in order to get some bitcoin private. Not because of the heavy gains from announcements, but largely because this fork is one of the most interesting forks I've seen to date. This won't be a price discussion, because there already is enough of that going around. I'm very interested in how Zclassic and BTC will merge histories from two coins into one. I noticed that Zclassic has two types of addresses. A Z-address, which I assume uses some sort of zero knowledge proof. Possibly Zk-SNARKs. (If you want to learn more about the zero knowledge proof, find the analogy of the two colored balls and the color blind friend). Zclassic also has a T address which starts with a T for transparent and is apparently similar to a bitcoin address. I also assume this means it uses SHA-256 proof of work to verify validity of transactions. You will find a t-address used as the development teams donation address. Note the t at the beginning of the address. ( t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU please donate to their development! ). You also will find a t-address as your address on any exchange. I'm guessing this means everyone is still largely using t addresses. Here are some questions that come out of this research. * Will BTCP all be z addresses, or another mix of Z and T? * Can you convert previous transparent chain blocks to a private address? * Can I send Z coins to a T address? I love the idea of zero knowledge proofs, and the zk-SNARKs philosophy seems brilliant. I'm excited for the upcoming weeks to see what bitcoin private can add to the crypto community.
Zero-knowledge proof or zero-knowledge protocol is a method by which one party (the prover) can prove to another party (the verifier) that a given statement is true, without conveying any information apart from the fact that the statement is indeed true. In the Blockchain world, Zero Knowledge Proofs often crop up. Think Zcash, Zerocoin. But the problem with Zero Knowledge Proofs is that they are difficult to understand without getting into the nitty-gritty maths. So, I am gonna to describe a Zero Knowledge Proof protocol as a story of two friends, in an setting which we can all relate to. A zero-knowledge proof lets someone prove a mathematical fact to another person without teaching them anything about the fact itself. It has been proven that you can convert any computer program into a zero-knowledge proof (this is referred to mathematically as PSPACE⊂IP). So, using a zero-knowledge proof I could prove to you that I know some ... The concept of zero-knowledge proofs was first conceived in 1989 by Shafi Goldwasser, Silvio Micali and Charles Rackoff in their paper "The Knowledge Complexity of Interactive Proof-Systems". This paper introduced the concept of interactive proof systems which deals with Knowledge complexity, a measurement of amount of knowledge about the proof transferred from the prover to the verifier. Zero-knowledge proofs allow for a transfer of information to take place between two parties without the originator having to use a password or reveal any data related to him/her. This helps weed out many of the potential risks that are involved with the use of password-only authentication protocols. Additionally, ZKPs also help in bolstering the security of a person’s online payments ...
MIT Bitcoin Expo 2019 - Zero Knowledge Proofs and Smart Contracts with Bulletproofs - Duration: 27:11. MIT Bitcoin Club 1,784 views. 27:11. Practical Proof Systems: Implementations, Applications ... MIT Bitcoin Expo 2019 - Zero Knowledge Proofs and Smart Contracts with Bulletproofs - Duration: 27:11. MIT Bitcoin Club 1,858 views. 27:11. Zero Knowledge Proofs - Duration: 12:28. This zero-knowledge proof project allows you to create zero-knowledge proofs asserting that a given fishing location is within a legal range. By uploading the circuit, proving key, and ... MIT Bitcoin Expo 2019 - Zero Knowledge Proofs and Smart Contracts with Bulletproofs - Duration: 27:11. MIT Bitcoin Club 1,867 views. 27:11. Zero Knowledge Proofs - Duration: 12:28. MIT Bitcoin Expo 2019 - Zero Knowledge Proofs and Smart Contracts with Bulletproofs - Duration: 27:11. MIT Bitcoin Club 2,342 views. 27:11. LEADERSHIP LAB: The Craft of Writing Effectively ...