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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
Gregory_Akerman Profile Photo
Gregory_Akerman
2021-10-21
• 4 months ago
Sr. Front End Web Engineer Networker - https://www.linkedin.com/in/gregoryakerman Exclusive representative of the digital artist :Styles One" to sell his work.
Who here has studied Zero Knowledge, Succinct, Non-Interactive ARguments of Proof?
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deann4ik Profile Photo
deann4ik
2021-10-21
• 4 months ago
I have Zero knowledge of that
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Gregory_Akerman
2021-10-21
• 4 months ago
Very few do. It's EXTREMELY complicated. It's a category of Zero Knowledge Proofs. Its a consenses mechanism. I'm learning it but the maths just to invent new maths take awhile to learn. Just unlike PoW or PoS it allows for this. I'm explaining an extremely complex topic in English here but the gist is. I owe you $40. I send an empty message to you. Then tell you I paid you. You can easily verify if what I said is Tues NO MINUNG STAKING OR ANY 3RD PARTY INVOLVED. Very powerful technology. Mostly still in research.
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deann4ik Profile Photo
deann4ik
2021-10-22
• 4 months ago
Thank you for such a detailed explanation. I almost understand what you mean. It does sound complicated. Is this something you’re going to be building on DeSo?
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Gregory_Akerman Profile Photo
Gregory_Akerman
2021-10-22
• 4 months ago
Part 1/2 This stuff is so complicated I must thank you for saying "I almost understand what you mean." Communicating this in English is EXTREMELY difficult as inherently it's communicated via mathematics, code, game theory, cryptography, and macroeconomics combined. Consensus mechanisms- How transactions are verified with a central authority or middlemen. But is it truly decentralized when Bitcoin using Proof of Work. Millions of Miners via solving complex math problems to verify transactions. I'll comment on this rely for part two.
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Gregory_Akerman
2021-10-22
• 4 months ago
Part 2/2 The big deal with eth2 is no more miners. They are moving towards a Proof of Stake consus mechanism. People with 32 ether coins, worth over $125,000, stake there coin become validators. No mining. You earn fees. But if you try messing with the system you get slashed, financial penalized. How about a consenses mechanism that involves no third parties of any kind, involes no knowledge sharing. You simplify verify if I did something. Easier for end user. You get an empty message from me and use that to verify if its true I paid you.
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