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You are here: Home / Google+ Posts / Zk-starks and truly private blockchains

Zk-starks and truly private blockchains

September 30, 2017 by Paul Spoerry Leave a Comment



Zk-Starks? New Take on Zcash Tech Could Power Truly Private Blockchains – CoinDesk
While in its earliest stages of development, a new form of cryptography is winning developers for its potential to power truly private blockchains.

I really think Monero, DASH, and ZCash are some really cool cryptocurrencies to watch because security is such a focus at the core of their tech. The downside to ZCash is that you have to implicitly trust that they destroyed the 'original' master key – if they did you're cool – if not… well you could be fucked if it got into the wild. Monero, in addition to security, is laser-focused on privacy. Additionally, only Monero is fully decentralized.

BUT… if ZK-starks proves to work out it's possible any cryptocurrency could utilize it without the need for the "trusted setup" (and it's implied issues like ZCash). Ethereum has this type of functionality on its roadmap. Deploying trusted setup for something as large as that network could be very difficult but a trustless one like ZK-starks couldn't be as big a deal. It'll be something to keep an eye on. (FWIW I hold some of all of the above in addition to other coins… this isn't saying one is better than the other, only that ZK-starks will be cool tech to keep an eye on.)

Check this out on Google+

Filed Under: Google+ Posts

About Paul Spoerry

I’m a groovy cat who’s into technology, Eastern Thought, and house music. I’m a proud and dedicated father to the coolest little guy on the planet (seriously, I'm NOT biased). I’m fascinated by ninjas, the Internet, and anybody who can balance objects on their nose for long periods of time.

I have a utility belt full of programming languages and a database of all my knowledge on databases... I practice code fu. Oh, I've also done actual Kung Fu, and have a black belt in Tae Kwon Do.

I run. I meditate. I dance. I blog at PaulSpoerry.com, tweet @PaulSpoerry, and I'm here on Google+.

I'm currently work for IBM developing web enabled insurance applications for IBM and support and develop a non-profit called The LittleBigFund.

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