Robin Linus [ARCHIVE] on Nostr: 📅 Original date posted:2023-05-12 🗒️ Summary of this message: ZeroSync ...
📅 Original date posted:2023-05-12
🗒️ Summary of this message: ZeroSync introduces a proof system using SNARKs to address Bitcoin's scalability challenges, compressing the entire blockchain into a compact proof of validity. It enables diverse applications, including quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. The paper also introduces zkCoins, a client-side validation protocol combined with zero-knowledge SNARKs, improving privacy and throughput of token transactions.
📝 Original message:Hi all,
Today we are publishing a summary of our research on "ZeroSync: Introducing Validity Proofs to Bitcoin".
Here's the preface:
We introduce ZeroSync, the first-ever proof system addressing Bitcoin’s scalability challenges with Succinct Non-Interactive Argument of Knowledge (SNARKs). ZeroSync compresses the entire Bitcoin blockchain into a compact proof of validity, enabling instant verification and unlocking various innovative applications. We discuss our prototype implementation of a chain state proof, utilizing the Cairo language, Utreexo, and recursive STARKs. Our work enables diverse applications, including quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. Chain state proofs require no consensus changes, which is crucial as forks in Bitcoin are challenging to implement and achieve consensus for. Despite the existing bottleneck of prover performance, we present a range of optimization strategies and demonstrate the practicality of generating a complete chain state proof.
Finally, we introduce zkCoins, a client-side validation protocol combined with zeroknowledge SNARKs, drastically improving privacy and throughput of token transactions. In combination with future Bitcoin features, such as Simplicity, zkCoins also enables private and more scalable BTC transactions.
The groundbreaking compression capabilities of SNARKs initiated a paradigm shift in cryptocurrency design, and ZeroSync is pioneering their application to Bitcoin.
You can find the full paper here: https://zerosync.org/zerosync.pdf <https://zerosync.org/zerosync.pdf>;
Happy to receive any comments and answer any questions the bitcoin dev community may have about the paper!
Best regards,
Robin Linus
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🗒️ Summary of this message: ZeroSync introduces a proof system using SNARKs to address Bitcoin's scalability challenges, compressing the entire blockchain into a compact proof of validity. It enables diverse applications, including quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. The paper also introduces zkCoins, a client-side validation protocol combined with zero-knowledge SNARKs, improving privacy and throughput of token transactions.
📝 Original message:Hi all,
Today we are publishing a summary of our research on "ZeroSync: Introducing Validity Proofs to Bitcoin".
Here's the preface:
We introduce ZeroSync, the first-ever proof system addressing Bitcoin’s scalability challenges with Succinct Non-Interactive Argument of Knowledge (SNARKs). ZeroSync compresses the entire Bitcoin blockchain into a compact proof of validity, enabling instant verification and unlocking various innovative applications. We discuss our prototype implementation of a chain state proof, utilizing the Cairo language, Utreexo, and recursive STARKs. Our work enables diverse applications, including quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. Chain state proofs require no consensus changes, which is crucial as forks in Bitcoin are challenging to implement and achieve consensus for. Despite the existing bottleneck of prover performance, we present a range of optimization strategies and demonstrate the practicality of generating a complete chain state proof.
Finally, we introduce zkCoins, a client-side validation protocol combined with zeroknowledge SNARKs, drastically improving privacy and throughput of token transactions. In combination with future Bitcoin features, such as Simplicity, zkCoins also enables private and more scalable BTC transactions.
The groundbreaking compression capabilities of SNARKs initiated a paradigm shift in cryptocurrency design, and ZeroSync is pioneering their application to Bitcoin.
You can find the full paper here: https://zerosync.org/zerosync.pdf <https://zerosync.org/zerosync.pdf>;
Happy to receive any comments and answer any questions the bitcoin dev community may have about the paper!
Best regards,
Robin Linus
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