Chainlink Comfy Zone: Zero Knowledge Proof Edition

[Anonymous No.12022651]

The private blockchain FUD that Thomas spawned has been circuiting throughout /biz/ and the linkie-verse at large and in it's course gotten completely out of hand. I don't enjoy watching my fellow marines wallow in despair when everything is going so right for Chainlink, so I've taken it upon myself to briefly pontificate on the matter for your edification.

tl;dr: ZKPs (zero knowledge proofs) will make the distinction between private and public blockchains obsolete, meaning your LINK tokens will in fact be used by enterprises and in turn make you rich.

https://www.ey.com/en_gl/news/2018/10/ey-launches-the-world-s-first-secure-private-transactions-over-the-ethereu-public-blockchain

>EY today announced the launch of EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. This technology is a first that will allow companies to privately and securely create and sell product and service tokens on a public blockchain with private access to their transaction records.

>“Private blockchains give enterprises transaction privacy, but at the expense of reduced security and resiliency. With zero-knowledge proofs, organizations can transact on the same network as their competition in complete privacy and without giving up the security of the public Ethereum blockchain.”

>“The development of tools that enhance the capabilities of public blockchains will spur enterprise adoption of public blockchains and are crucial to the growth of blockchain technologies in general. The ability to ensure privacy while retaining the security and resilience of public blockchains is an important consideration. It offers an opportunity for enterprises to begin building real-world solutions on public blockchains and is an important step in the evolution of the technology.”

[Anonymous No.12022695]

OP is a legend

[Anonymous No.12022715]

Wow Op you are absolutely retarded and cringey as fuck.

You didnt clear up shit instead copying useless out of context text from pages. How old are you

[Anonymous No.12022729]

>>12022715

[Anonymous No.12022748]

>>12022715
pee pee poo poo

[Anonymous No.12022755]

>>12022715
OMG like totally my BFF Jill saw your post and totally agrees, Pajeet. Street shitters for lyfe bb.

[Anonymous No.12022793]

thanks OP just bought 100k im staying super stinky and possibly never selling

[Anonymous No.12022812]

delet

[Anonymous No.12022849]

>>12022651
The more they fud while doing research the more they realize Chainlink is the standard.

[Anonymous No.12022861]

>>12022651
Why do you think they’ve had ZCash on their slides the last couple of presentations? Look up zksnarks. We rich nigger.

[Anonymous No.12022910]

>>12022651
OP , Where is this picture from?

[Anonymous No.12023025]

>>12022651
Great fucking thread bruh

[Anonymous No.12023076]

>>12022861
Seriously, read this. No more spoon-feeding for tonight. https://z.cash/technology/zksnarks

[Anonymous No.12023216]

>>12022910

Frankly, I'm not sure, but the man in the center is Jonathan Levi. He's the CEO of Hacera, which will be utilizing ZKPs.

[Anonymous No.12023547]

>>12022651
>>12023216
>Jonathan Levi

[Anonymous No.12023561]

>>12023216
>>12023547
>CEO of Hacera
Meme magic is real. We are moulding the very fabric of reality

[Anonymous No.12023788]

>>12023561

Insanely bullish.

[Anonymous No.12023819]

>>12023076
this website just stole all my link dont click this guys

[Anonymous No.12023857]

>>12023561
You've got to be kidding. Is this real?

[Anonymous No.12023902]

>>12023857
It can’t be...c can it?

[Anonymous No.12023932]

>>12023857
>>12023902

[Anonymous No.12023955]

[Anonymous No.12023986]

>>12023561
>look it up
>it's real
>mememagic is real
WE GON BE RICH

[Anonymous No.12024015]

>>12023986
Please explain to brainlet.

[Anonymous No.12024065]

>>12022651
literally "link will make you rich". pic related = you.

[Anonymous No.12024082]

>>12024015
Basically dump your savings into it right now! I can't wait to make my millions holy shit it's real

[Anonymous No.12024128]

>>12022651
Why will any enterprise want to deal with blockchain anyway? There's no use for it.

[Anonymous No.12024167]

what does this have to do with link? nothing. nothing at all

[Anonymous No.12024186]

>>12024015
If the big mac association is real (the most absurd part of the meming) then the rest of the prophecy is true

[Anonymous No.12024272]

>>12023857
>>12023986
>>12024186
This is how SWIFT and Levi found their young protege Sergey. He ate so many Big Macs from his local store that McDonalds headhunters sponsored him with a $1 million deal and he used that money back in 2014 when he worked on initial ideas for chainlink

[Anonymous No.12024291]

>>12024272
Can you read nigger? Nazarov ain't no spic name

[Anonymous No.12024368]

>>12024291
They added him anyway, he was eating so many Big Macs

[Anonymous No.12024517]

>>12023076
>https://z.cash/technology/zksnarks
im a brainlet. Please fill me in.

[Anonymous No.12025364]

>>12023561
The image you posted says "HACER", while the company Jonathan Levi founded is "HACERA". It doesn't appear to be the same.

[Anonymous No.12025382]

>>12022651
the very fact that you are creating this thread concerns me of link's future. Atleast FUD are people just trying to buy cheap bags.

[Anonymous No.12025856]

>>12025364
Close enough just bought more link for a zero proof future

[Anonymous No.12025971]

>>12022651
who's the third guy circled? I know vitalik and sergey

[Anonymous No.12026384]

>>12022651
>ey.com
literally who?

[Anonymous No.12026525]

ZKP is just a proof that something happened on the network without releasing details, which like in the case of Zcash is how they do or are trying to do private transactions. ZKP is to show the work of the node without releasing the details, but the node can still see the details it did if not using a TEE. While in a TEE the node can't see anything and signs its data with a remote attestation. It could also send a ZKP back to the chain as its response. The advantage of a zkp that it's response on-chain to the public are basically encrypted because it returns a proof instead of the details.

This would make public chains more accessible to big businesses with sensitive data. And the TEEs advantage is that it keeps the node in the dark on the query it is solving.

[Anonymous No.12026546]

>>12022715
> no actual rebuttal for anything raised in the OP
Wow what a convincing argument just sold 100k thanks for having my best interests at heart anon.

[Anonymous No.12026554]

An abstract way of using ZKPs with Chainlink is that a requester can verify that the Chainlink node performed some computation requested of them without the need for the node operator to reveal details of how they performed it by simply responding with a proof. This allows the proof (which is sent back on-chain by the Chainlink nodes) to be kept a manageable size, regardless of the computation performed.

Going further and introducing ZKPs + TEEs in the same request, you could have the Chainlink node perform the computation itself within the TEE, and provide the ZKP itself as a response back on-chain. The benefit here is that instead of a plaintext answer being returned to the smart contract from the enclave, a proof is returned instead, and the node operator (or someone watching nodes' responses) has no information that would reveal the original query.

[Anonymous No.12026566]

>>12025971
https://jonathanlevi.info/about/

[Anonymous No.12026900]

show me any self respectable project, that NEVER gave any guidelines on a possible mainnet release or even a roadmap. The only palpable thing they have released so far, is the white paper in which they clearly state it's their LONG TERM strategy (wishful thinking).
It has started already with factom who haven't checked on the project for a while, companies just using chainlink as a demo on their permissioned blockchains and some projects literally dropping chainlink for centralized solutions...the team never communicates doesn't even want to bother and the only public apparitions they made, they kept on repeating the same speech, the recent presentation which was held in NYC just shows how bad things really are...typos in the majority of the documents and even in goodies; Sergey refused to answer questions and just just waved off a concerned investor literally laughing at him.
if you are starting to have doubts, well they are well founded, it's because there is def something fishy about this project. "check the pivotal" that's all they can say whenever you ask them about the project, it's starting to look more and more like a failed attempt at something huge, but in reality they are just amateurs afraid to show their incompetence.

>What we want, since we're building the oracle software as well as the network, is usage. Permissioned blockchains using Chainlink as their oracle is still a major positive force, even if they're not utilizing the public network. It shows that we've built enterprise-grade software ready for any environment.

I think they are being honest that in the end the public chainlink network won't be as big as we are expecting it (1000$/link), the chainlink technology will be used...Of course! but the tokens you bought are useless, only small fry players will use the public networks, but the 95% of the trillions of dollars we were all seeking as network usage, will just be used on private blockchains...

[Anonymous No.12026940]

>>12026900
CHAINLINK BTFO HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

[Anonymous No.12027039]

>>12026900
Nice FUD. The Fud is very strong. But weak.

What is deep defend security layer? ZKP ? TEES?

Big businesses can have secure access to public chain and use sensitive data.

[Anonymous No.12027117]

I’ve lost faith but wont sell

[Anonymous No.12027154]

chainlink is over. they were planning and EOY 2018 release but didn't make it and now competitors have cornered the market.

[Anonymous No.12027323]

Fud

[Anonymous No.12027371]

>>12022651
>he isn't buying SHIPCOIN
Are you a cuck or just really stupid?

[Anonymous No.12027484]

Thank you OP. People like you are the reason I still use /biz/.

[Anonymous No.12027919]

>>12026525
Thanks Johnny.

[Anonymous No.12027938]

>>12026554
Is this enough to get bigger entities on the public chain using this instead of permissioned chains?

[Anonymous No.12027968]

Zero knowledge proofs, TEEs, trustless, anonymous node operators, jesus these things are going to be a beautiful little black box of distributed data delivery and compute, at any scale you want

[Anonymous No.12028008]

>>12023076
Just read it and still don’t get it. Please spoon feed me

[Anonymous No.12028035]

>>12028008
allows something to be encrypted and then verified by another person when they dont know the original value that was encrypted
> jeff encrypts his super secret values and posts them on chain
> bob verifies that jeffs super secret values are correct without knowing what jeff actually encrypted

[Anonymous No.12028120]

>>12026900
>the only public apparitions
even if your 'arguments' held any water, which they don't, this immediately reveals you to be a two-digit-IQ shit-gargler
the fuck. You're a fucking apparition

[Anonymous No.12028133]

>>12026900
>>12028120
didnt expect this thread to get so sp000oooo000ky

[Anonymous No.12028527]

>>12028035
H U G E

[Anonymous No.12028549]

OH NO NO NO NO NO NO

[Anonymous No.12028834]

>>12028549
"given truly trustworthy and confidential oracles, something that SGX-backed systems à la Town Crier and techniques such as zero-knowledge proofs can help achieve, the boundary between oracles & smart contracts may become fluid." - LINK whitepaper

[Anonymous No.12029753]

Honestly enterprises overvalue privacy at the same level as security, so if you can see all the transactions in tx they probably won't like the idea behind using smart contracts

[Anonymous No.12030666]

>>12023561

>>12023857

>>12024186

>>12025364

Can you neets calm your fucking tits? The hacer/a connection doesn't mean anything. Hacer is Spanish for to do or to make. The McD program is giving them something "to do". It's a pretty common verb.

Similarly Hacera doesn't mean anything because the verb conjugates strangely; if anything it is a bastardization of "will do/make" or doer/maker. There's nothing to see here.

[Anonymous No.12030792]

>>12030666
Shut up satan
Link worth 1k big macs eoy 2019

[Anonymous No.12030858]

>>12028834
>the boundary between oracles & smart contracts may become fluid
I identify as a cis-gendered heterosexual male as well as an oracle node operator

[Anonymous No.12031007]

>>12030666
Ὃ μέλλεις, δός - 58

[Anonymous No.12031189]

>>12031007
Cyka Blyat comrade.

[Anonymous No.12031253]

>>12022651
>-22% in one day
Nice, just committed suicide

[Anonymous No.12031269]

>>12031189
>Cyka Blyat
eбaть cвoю мaть, ecли вы хoтитe eбaть

[Anonymous No.12031555]

>>12022715
>PONTIFICATE ON THE MATTER FOR YOUR EDIFICATION

[Anonymous No.12032596]

>>12022651
Private chains are an industry stepping stone to public chains, just like private corporate intranets gave way to the internet. Think of private chains like a "trust incubator" where big firms can dip their toes in the water. They'll fomo into public chains once they see the gains that smaller fintech players will inevitably make on them. The private chain fud is laughable, it's the same narrow field of vision shit that lead to people getting blind sided by the internet and it's fucking hilarious that we'll get to see it happen again. This time with a whole new generation of boomers saying "there was no way to see this coming"

[Anonymous No.12034079]

Bumpers