My four predictions (featured recently @CoinDesk coindesk.com/consensus-maga…) about the state of zero-knowledge cryptography and what to expect in 2023. Here's the take:
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First of all, zero-knowledge (ZK) cryptography is a game-changer for ensuring the privacy, security and integrity of applications in both #Web2 and #Web3. The rapid investment and development of zero-knowledge proofs is a signal that the technology is ready for prime time.
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ZK is a big deal for 2 reasons:
🔒 Security: protect consumer data when they interact w/ applications, but still allows for a personalized experience
📈 Scalability: compress large computations into a single proof to achieve greater scalability while remaining decentralized
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🔒 Security: protect consumer data when they interact w/ applications, but still allows for a personalized experience
📈 Scalability: compress large computations into a single proof to achieve greater scalability while remaining decentralized
3/
Prediction 1:
A new/existing Layer-1 blockchain (that's not Ethereum) will host the worlds first zero-knowledge virtual machine (ZKVM) and launch this year. Ofc I believe @AleoHQ will be 1st but other teams are working on this as well, like @MinaProtocol and @anomanetwork
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A new/existing Layer-1 blockchain (that's not Ethereum) will host the worlds first zero-knowledge virtual machine (ZKVM) and launch this year. Ofc I believe @AleoHQ will be 1st but other teams are working on this as well, like @MinaProtocol and @anomanetwork
4/
Prediction 2:
No zkEVM will launch this year (by launch, I mean a real launch with a decentralized network). People are vastly underestimating the cryptoeconomic complexity of L2 rollups and the engineering complexity of a zkEVM (at least, one that is performant).
5/
No zkEVM will launch this year (by launch, I mean a real launch with a decentralized network). People are vastly underestimating the cryptoeconomic complexity of L2 rollups and the engineering complexity of a zkEVM (at least, one that is performant).
5/
Prediction 3:
Hardware acceleration will make ZK more practical, useful and accessible across the board. As we've seen w/ the results of @z_prize, hardware acceleration is making ZK use cases (like identity, AI/ML) that were once fantastical into the realm of practicality
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Hardware acceleration will make ZK more practical, useful and accessible across the board. As we've seen w/ the results of @z_prize, hardware acceleration is making ZK use cases (like identity, AI/ML) that were once fantastical into the realm of practicality
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Prediction 4 (most important):
#Web3 companies are going to have to pick a side on privacy and consumer data protection. Way too many teams (especially in #DeFi but also infrastructure providers) talk out both sides of their mouths when they say the support privacy.
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#Web3 companies are going to have to pick a side on privacy and consumer data protection. Way too many teams (especially in #DeFi but also infrastructure providers) talk out both sides of their mouths when they say the support privacy.
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Blockchains such as #Bitcoin and #Ethereum by design expose so much data compared to our existing financial and technical infrastructure. You think it's bad when @Meta sells your social media habits to a third party? How about if anyone just look up your financial tx history?
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Plenty of tech and #Web3 companies talk the talk about protecting user data & empowering users with the choice of what to share and with whom. But as the recent revelations of the @MetaMask and @infura_io privacy polices shows, that talk doesn't always carry over into action
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As an industry, we need to deliver technology that a) upholds the principles that this industry was built upon, and b) actually works. But no matter how it shakes out, zero-knowledge cryptography will be a big part of the story in 2023.
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Wanna learn more? Check out github.com/howardwu/aweso… for some great resources to get started.
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