|
Title: Zsnark in Ethereum - implications for Monero Dash etc Post by: evergrow on September 21, 2017, 10:34:54 PM what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs?
https://z.cash/blog/zksnarks-in-ethereum.html Title: Re: Zsnark in Ethereum - implications for Monero Dash etc Post by: solarrobot on September 21, 2017, 11:13:04 PM what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs? https://z.cash/blog/zksnarks-in-ethereum.html Monero has it's own privacy scheme, and by default, and as a whole will still be more private than ETH with zkSnarks. Privacy in monero is embeded into every address, not something added as a feature when necessary, which makes it harder to trace than zkSnarks on ETH theoretically. Dash could eventually implement a zero protocol like PIVX, adding to it's anonymity, not sure how that would compare to zksnarks on eth. Dash isn't focused on being a private coin, just a currency that has privacy features. I don't really think it will effect either of them, they still have their niches. Title: Re: Zsnark in Ethereum - implications for Monero Dash etc Post by: dennyd999 on September 21, 2017, 11:38:42 PM what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs? https://z.cash/blog/zksnarks-in-ethereum.html zksnark in Ethereum is just an option. In Monero it is specialisation. If I would need some sort of privacy I definetly will use Monero instead of other coins. Also I still confused about possible backdoor in Zcash and zkSNARK technology https://bitcointalk.org/index.php?topic=2011221.0 (https://bitcointalk.org/index.php?topic=2011221.0) https://i.stack.imgur.com/twWKs.png Especialy after dark markets was busted by feds shortly after adding Zcash as payment method. Coincedent? I am doubt peoples who seriously worry about their privacy will use something like this after all being said. Title: Re: Zsnark in Ethereum - implications for Monero Dash etc Post by: solarrobot on September 21, 2017, 11:58:17 PM zksnark in Ethereum is just an option. In Monero it is specialisation. If I would need some sort of privacy I definetly will use Monero instead of other coins. Also I still confused about possible backdoor in Zcash and zkSNARK technology https://bitcointalk.org/index.php?topic=2011221.0 (https://bitcointalk.org/index.php?topic=2011221.0) https://i.stack.imgur.com/twWKs.png Especialy after dark markets was busted by feds shortly after adding Zcash as payment method. Coincedent? I am doubt peoples who seriously worry about their privacy will use something like this after all being said. ZKsnarks are a type of cryptographic proof. you can read about it here: https://en.wikipedia.org/wiki/Non-interactive_zero-knowledge_proof The backdoor in zCash might exist in more than one place, but I think the major one that people wonder about is the setup seed, which is talked about in the link. I guess the same question could be asked of the setup seed on the ethereum network as well. Does any one have some insight into this? |
