1) PRIVACY in blockchain.
The one thing the public needs but can't get due to compliance.
How can we combine the best of both worlds and how is $AZERO looking to solve this?
A thread on keeping privacy and staying compliant with regulations 🧵👇
@Aleph__Zero #Azero
The one thing the public needs but can't get due to compliance.
How can we combine the best of both worlds and how is $AZERO looking to solve this?
A thread on keeping privacy and staying compliant with regulations 🧵👇
@Aleph__Zero #Azero
2) Online privacy has become one of the hottest topics and main concerns of the public.
In an ever growing digital world more and more of our data is being used and sold by third parties.
There's also the growing debate of the government having to many eyes on us.
In an ever growing digital world more and more of our data is being used and sold by third parties.
There's also the growing debate of the government having to many eyes on us.
3) This is where the popularity of blockchain comes into play.
Not only being a technological breakthrough on many different levels but also being PRIVATE.
This adds both benefits and concerns for certain parties.
Not only being a technological breakthrough on many different levels but also being PRIVATE.
This adds both benefits and concerns for certain parties.
4) The public sees this as our salvation to today's privacy issues BUT regulation parties see this as a concern for "money laundering" opportunities.
We can all think "fuck what the regulators want" all day long but no regulations = no adoption.
We can all think "fuck what the regulators want" all day long but no regulations = no adoption.
5) Most of today's applications won't ever see approval and the light of day if they are not compliant.
So no matter how much we want "total privacy" as individuals there's not going to be adoption on a global scale if we are not compliant.
So no matter how much we want "total privacy" as individuals there's not going to be adoption on a global scale if we are not compliant.
6) This means that the holy grail to blockchain adoption are the business that are able to COMBINE the best of both worlds.
And that's exactly what aleph zero is shooting for.
Before it was created it took into account that it had to provide a solution to this to see adoption.
And that's exactly what aleph zero is shooting for.
Before it was created it took into account that it had to provide a solution to this to see adoption.
7) How do they offer the privacy that customers demand with transparency that creates both social and governmental trust?
One of their solutions is to create private blockchain protocols that allow for limited access to our personal information.
One of their solutions is to create private blockchain protocols that allow for limited access to our personal information.
8) This solution will allow our sensitive data to stay hidden from prying eyes.
It will also offer us the freedom to make it public if necessary.
This compromise meets halfway the current legal conditions while also remaining true to the ethos that rests at the blockchain tech.
It will also offer us the freedom to make it public if necessary.
This compromise meets halfway the current legal conditions while also remaining true to the ethos that rests at the blockchain tech.
9) If you could choose which elements of your online identity to share, it would do wonders for our concept of cybersecurity.
Aleph Zero can solve these problems that fulfills the desires of both those requiring the utmost privacy while also following data storage rules.
Aleph Zero can solve these problems that fulfills the desires of both those requiring the utmost privacy while also following data storage rules.
10) It does this by implementing "Zero-knowledge proofs (ZK-SNARKs)" and "Secure Multiparty Computation (sMPC)" TOGETHER.
11) ZK-SNARKs pass a secret key between two parties.
The prover can use this encrypted key to confirm before the verifier that certain information is in the possession of the prover.
The prover can use this encrypted key to confirm before the verifier that certain information is in the possession of the prover.
12) sMPC involves keeping sensitive information off-chain on several nodes.
Only if the nodes conduct a secure handshake can the user access the data.
No one computer can access the encrypted contents without a unanimous consensus.
Only if the nodes conduct a secure handshake can the user access the data.
No one computer can access the encrypted contents without a unanimous consensus.
13) Aleph Zero uses a solution that treads both paths at the same time.
They take the best from both worlds, offering superior security alongside quick transaction speeds.
They take the best from both worlds, offering superior security alongside quick transaction speeds.
14) Aleph Zero was designed to solve many of the issues facing the market today.
They trust that boasting a peer-reviewed protocol with superior speed and security is the next step forward for blockchain technology to enter the mainstream and find widespread use.
They trust that boasting a peer-reviewed protocol with superior speed and security is the next step forward for blockchain technology to enter the mainstream and find widespread use.
15) My takeaways:
Aleph Zero has done almost everything it could possibly do to take this blockchain mainstream.
They understand that just providing superior tech isn't enough to see adoption.
With smart contracts around the corner I'm excited to see where they are going 🔥
Aleph Zero has done almost everything it could possibly do to take this blockchain mainstream.
They understand that just providing superior tech isn't enough to see adoption.
With smart contracts around the corner I'm excited to see where they are going 🔥
16) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every sunday so you can keep track of all the most exciting projects.
Your favorite writer Nova ❤️
I also research the communities top voted cryptocurrency every sunday so you can keep track of all the most exciting projects.
Your favorite writer Nova ❤️
17) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
https://twitter.com/CryptoGirlNova/status/1561036221773660164?t=qdk6FzG9xc4QkI1aAhEiTQ&s=19
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