Crypto experts have said that is evident from Satoshi’s past remarks that he strongly favored the use of ZK-proofs for privacy.
What was once a passing interest of Bitcoin inventor Satoshi Nakamoto, zero-knowledge-proof technology is now a major part of the crypto world.are a cryptographic protocol that allows one party to prove the truth of a statement to another party without sharing any of the statement’s contents.
“It’s the need to check for the absence of double-spends that requires global knowledge of all transactions,” said Nakamoto. Privacy-focused cryptocurrency Zcash was launched in October 2016 by Electric Coin — a firm made up of computer scientists from the formative years of Bitcoin. Zcash was built by modifying Bitcoin’s original source code.
Ben-Sasson tells Magazine that the early enthusiasm from Bitcoin core developers for ZK-proofs played a “pivotal role” in his eventual co-founding of StarkWare.“Mike Hearn, a then-Bitcoin developer and one of the earliest Bitcoin adopters, went as far as to declare my talk on ZK-proofs as the most crucial of the event due to its potential impact on the future of blockchain.”
Nakamoto was a stickler for anonymity. His public interactions on Bitcointalk and his emails were all reportedly done using the IP-masking browser, Tor. It’s the main reason his public IP address could never be traced back to him. a section to privacy in the Bitcoin white paper, suggesting users keep their public keys anonymous so that, even though the public can see transactions occurring, they don’t know who is involved, like a stock exchange.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How big is Gov. J.B. Pritzker thinking with Think Big America group?Democratic Gov. J.B. Pritzker moved to enhance his national political profile, while in the process provoking further speculation about his future plans, by creating an organization to promote abortion and LGBTQ+ rights issues and fight “right wing extremists” on a state-by-state basis.
Read more »
Big 12 commissioner Brett Yormark takes victory lap at Big 12 basketball media daysBig 12 commissioner Brett Yormark stabilized and strengthened the Big 12 in just over a year on the job, he basked in that success on Tuesday at Big 12 basketball media days.
Read more »
Pritzker launches abortion rights group Think Big AmericaThe new political advocacy nonprofit plans to focus on ballot measures in Nevada, Ohio and Arizona.
Read more »
Questions to help you navigate open enrollmentHealth insurance is a product that comes with a lot of fine print. Allison Gormly tells us What's the Deal with open enrollment.
Read more »
Joe Biden Asking for Israel's War Plans Raises QuestionsAnalysts queried the Biden administration's public admission that the president would ask after Israel's offensive plans and ask 'tough questions' while there.
Read more »
Jack Smith Scaling Back Donald Trump Inquiry Raises QuestionsThe special counsel has withdrawn a subpoena that had sought financial records from the pro-Trump Save America PAC.
Read more »