zk-proofs
ZeroSync to Bring ZK-Proofs to Expedite Bitcoin Validation
Swiss-based nonprofit, ZeroSync Association, is developing open-source tooling that enables users to validate the state of the Bitcoin network using zero-knowledge proofs (ZK-proofs) without downloading the entire blockchain. ZeroSync uses StarkWare's proprietary Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) validity proofs to generate succinct ZK-proofs for the Bitcoin blockchain, promising to overhaul the process of verifying the Bitcoin blockchain, which still requires node operators to download a large amount of data to synchronize the correct state of the Bitcoin network.
Swiss non-profit and Blockstream to Broadcast Bitcoin Proof via Satellite
Swiss non-profit ZeroSync Association and Bitcoin infrastructure firm Blockstream are partnering to broadcast Bitcoin zero-knowledge proofs from Blockstream’s satellite, enabling faster syncing and global access.
Canada’s Central Bank Digital Currency Won't Include Zero-Knowledge-Proofs
Bank of Canada researchers do not feel that the current state of zero-knowledge-proofs is mature enough to be integrated into their development plans for a Central Bank Digital Currency (CBDC).
Cambridge Report: 77% of Enterprise Blockchains Are Not 'Truly Transformational'
Following on from its initial 2017 Global Blockchain Benchmarking Study, the new study underlines the significant changes in the industry landscape since the initial version. According to the findings, the new report states, “Two years ago, the industry landscape was mostly dominated by half-hearted experiments and short-lived proofs-of-concept – often announced with great fanfare and publicity – the hype has gradually given way to genuine development of sustainable blockchain networks that are increasingly being deployed in production environments.”
Chainalysis Adds Compliance Support to Track Privacy Coins Dash and Zcash
Chainalysis has just launched support for two of the most popular privacy coins, Dash and Zcash. Privacy coins are cryptocurrencies with privacy-enhancing features that allow users to gain total anonymity when making blockchain transactions. Privacy coins protect the identity of the users and the origins of the transactions, taking the anonymous and private nature of Bitcoin to the next level. Comparatively, Bitcoin protects some information, hence remaining pseudo-anonymous. The rest of the information, including transactions, addresses, and balances, is recorded in a public and permanently available ledger.
Cardano Will Outperform Ethereum 2.0 in DeFi Says Hoskinson as ADA Price Surges
CEO Charles Hoskinson doubts the Ethereum 2.0 upgrade will result in higher throughput, better scalability, and more security highlighting Cardano’s superior design for DeFi.
Zcash-Commissioned Research Find Cybercriminals Prefer Bitcoin Over Other Cryptocurrencies
Independent research commissioned by the Electric Coin Company (ECC), the parent firm of privacy-focused cryptocurrency Zcash, concluded cybercriminals are much likely to use Bitcoin over other digital assets.
Feeling Left Out? EU Establishes Approximately €400m Blockchain & AI Fund
The European Commission and European Investment Fund (EIF) have launched a €2B fund to be invested in fundamental technologies. Nearly €300-€400M will be invested in blockchain and artificial intelligence (AI) amid fears that China and the US are setting a precedent in these areas.
McAfee's Ghostcoin Gets Backing as Payment in Hong Kong
John McAfee's Ghostcoin gets backing for use as a payment coin in Hong Kong across 60 vending machines including Disneyland.
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Charles Hoskinson Proposes Solution to Fix Twitter’s Problem, Taking Digital Identity to the Blockchain Age
With the recent Twitter hack, implicating individuals including Elon Musk, Bill Gates, Joe Biden, and a few others, Cardano founder Charles Hoskinson spoke about the issue in his most recent Whiteboard video.
Bank of Canada Says CBDCs Have Inherent Risks in New Study
A new report released by the Bank of Canada has revealed that the bank believes Central Bank Digital Currencies can pose security risks to users
Ethereum’s Vitalik Buterin: Centralized Digital Currencies Without Privacy Are a Huge Step Back
Vitalik Buterin the Ethereum co-founder believes that mainstream adoption of digital currencies is inevitable, with or without blockchain, but will that currency be sovereign, corporate or decentralized?
Deloitte Leverages Zero-Knowledge Proof On New Eduscrypt Platform
Deloitte has partnered with cryptography startup Qedit to leverage zero-knowledge proof privacy tech on its new qualification information blockchain platform.