Bitcoin Mailing List on Nostr: 🔖 Title: ZeroSync: Introducing Validity Proofs to Bitcoin 🏷️ Categories: ...
🔖 Title: ZeroSync: Introducing Validity Proofs to Bitcoin
🏷️ Categories: bitcoin-dev
👥 Authors:
• Robin Linus ( Robin Linus [ARCHIVE] (npub1247…paq3) )
• Weiji Guo ( Weiji Guo [ARCHIVE] (npub1adg…jwsm) )
🗒️ Conversation Summary: ZeroSync uses SNARKs to compress the entire blockchain into a compact proof of validity, addressing Bitcoin's scalability challenges. It enables quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. The paper also introduces zkCoins, improving privacy and throughput of token transactions. Implementing a SNARK verifier on Bitcoin's base layer is a long-term option, but Simplicity could be used to experiment on the Liquid sidechain. Establishing consensus over a particular kind of opcode is difficult due to competing proof systems with different trade-offs.
📅 Messages Date: 2023-05-12
✉️ Message Count: 3
📚 Total Characters in Messages: 6763
🏷️ Categories: bitcoin-dev
👥 Authors:
• Robin Linus ( Robin Linus [ARCHIVE] (npub1247…paq3) )
• Weiji Guo ( Weiji Guo [ARCHIVE] (npub1adg…jwsm) )
🗒️ Conversation Summary: ZeroSync uses SNARKs to compress the entire blockchain into a compact proof of validity, addressing Bitcoin's scalability challenges. It enables quick bootstrapping of full nodes, trustless light clients, enhanced Lightning Network privacy, and secure cross-chain bridges. The paper also introduces zkCoins, improving privacy and throughput of token transactions. Implementing a SNARK verifier on Bitcoin's base layer is a long-term option, but Simplicity could be used to experiment on the Liquid sidechain. Establishing consensus over a particular kind of opcode is difficult due to competing proof systems with different trade-offs.
📅 Messages Date: 2023-05-12
✉️ Message Count: 3
📚 Total Characters in Messages: 6763