/biz/ - Business & Finance

>>20551638
....hmmm

pic related
Are those girls chinese?

Alright guys, fuck it. I'm going to stake for the first time ever

"Vitalik Buterin’s latest post on Ethereum Research, outlines an on chain scaling solution, without any additional layers, using zk-SNARKS, the encryption algorithm behind the popular privacy token ZCash. According to Vitalik, by using zk-SNARKS it is possible to scale Ethereum to 500 tx/sec."

Just recently he commented this:
"In general, doing things with ZK-SNARKs requires all of the private information to be held by one party (the prover) at the point in time."

Suter solves this "Trusted Setup problem."
The core technical contribution of Suterusu is the implementation and integration of state-of-the-art, setup-free, zero-knowledge, constant-size, succinct
non-interactive argument of knowledge (ZK-ConSNARK) schemes which can
guarantee both sender and receiver anonymity, and the transaction amount confidentially.

ZK-ConSNARK schemes realize the setup-free constant-size SNARK for the
first time. It has the advantages of both categories with none of their downsides.

The Testnet for this protocol is already up and running.

>>18499423