#Zcash is a proof-of-work mining network based off of Bitcoin’s UTXO model
#Zcash uses the zk-SNARKS to create fully shielded transactions
in which the sender, recipient, and amount are encrypted
zk-SNARKs ensure that
the parties involved in a transaction are verified
without revealing any information to each other or the network
lets take a look at how Zcash construct zk-SNARK
It's divided into 4 basic steps
1-The code to be proved is transformed into arithmetic circuits
2-The arithmetic circuits is converted to R1CS
3-R1CS is converted to QAP
4-The implementation of zkSNARK algorithm based on QAP
The first step is a “flattening” procedure
where we convert the original code
which may contain arbitrarily complex statements and expressions
into a sequence of statements
You can think of each of these statements as being kind of like logic gates in a circuit
The flattened code is converted into a "rank-1 constraint system" (R1CS)
R1CS is a set of constraints
that can be specified by 3 linear combinations, commonly called A,B,C
It's a powerful way to translate
arbitrary computational tasks into a common mathematical description👇
Next is converting R1CS into “quadratic arithmetic program” (QAP)
to check all the constraints simultaneously
QAP is a process of transforming the code of a function into a mathematical representation
which upon providing input to the code, delivers a corresponding solution
Now the computational problem has been converted into the right “form”
for the problem to operate on called QAPs
QAPs are sets of polynomials
After this, there is comes the process for creating the actual “zero knowledge proof”
This is done with the process of Encryption
The encryption function has some homomorphic properties
Homomorphic encryption is a form of encryption
that permits users to perform computations on its encrypted data
without first decrypting it
With these techniques cryptographic proofs (zk-SNARKs) are generated
Zcash uses zk-SNARKs to prove that the conditions for a valid transaction have been satisfied
without revealing any crucial information about the addresses or values involved
TL;DR:
• zk-SNARK is a novel form of zero-knowledge cryptography
• That can be represented as a single message & verified quickly
• Zcash is the first widespread application of zk-SNARKs
• #Cardano will see the first application of this technology through @orbisproject
If you are looking to learn more about zero knowledge proofs and zk-Rollups
Unfortunately due to constrained funding and uncertain conditions, Orbis Labs is unable to continue building and the project as come to a halt. This is unfortunate given the amazoing research and work that has been produced.
The NFT has been halted until further notice when a continuation plan is set out for the core zk-rollup solution. We as a team will we will do what is necessary for investors and community members to be made whole going forward.
This was an unexpected result due to committed investors very recently pulling out of the project and recent events in the crypto space which affected Orbis directly.