From primitive military cyphers, to modern day cryptocurrency, this Crypt Keeper section shall chronicle mysterious methods for securing data.

CRYPTOGRAPHY- the act of encrypting and decrypting data; encoding and decoding.

CYPHER- algorithm (defined steps) used for encrypting and decrypting.

STEGANOGRAPHY- creative ways of concealing a plaintext message.

CYPHER- algorithm (defined steps) used for encrypting and decrypting.

STEGANOGRAPHY- creative ways of concealing a plaintext message.

...More cool history to get built out as I learn it.

Simply explaining the way wallets, public keys, private keys, and encryption works in the context of blockchain.

Simple explanation of how cryptographic hashing algorithms build out and help secure a blockchain.

Zero-Knowledge Proofs-

From scaling a blockchain, to nuclear disarmament, zero knowledge proofs have an impressive range of use cases. In essence, the process involves revealing that you know something, without revealing what that something is. This can allow a user to prove something (amount of funds, if a vote was cast, correct nonce for a hashing target, if a country has a nuclear missile, etc.) without revealing sensitive data about the info. For example, we can verify that you voted, without knowing what your vote was.

The three main properties of Zero Knowledge Proofs are:

1) Correctness- works best if both parties are honest.

2) Soundness- proof should be setup to where if you don't actually know the secret, then you cannot prove the statement.

3) Zero Knowledge- the other party learns nothing more than the statement you wanted to prove.

These proofs can contribute to more privacy and anonymization, without sacrificing functionality. The catch is that- although you can setup a proof to provide near certainty, you will not be 100% certain, the same way you would if you could verify the secret itself. Also, be careful when setting up a proof that you don't give away too much info in the process that can be used triangulate what the secret actually is.

If you want to know more, here's a helpful video-

The three main properties of Zero Knowledge Proofs are:

1) Correctness- works best if both parties are honest.

2) Soundness- proof should be setup to where if you don't actually know the secret, then you cannot prove the statement.

3) Zero Knowledge- the other party learns nothing more than the statement you wanted to prove.

These proofs can contribute to more privacy and anonymization, without sacrificing functionality. The catch is that- although you can setup a proof to provide near certainty, you will not be 100% certain, the same way you would if you could verify the secret itself. Also, be careful when setting up a proof that you don't give away too much info in the process that can be used triangulate what the secret actually is.

If you want to know more, here's a helpful video-

zk-SNARKS-

zk-SNARKS are a derivative of zero knowledge proofs, being used to help scale and anonymize blockchains. The acronym stands for "zero knowledge- succinct noninteractive argument of knowledge". Like with zero knowledge proofs, it helps establish trust for doing business on the blockchain, without giving away sensitive data.

These implementations of zero knowledge proofs can be read about further, here: vitalik.ca/general/2021/01/26/snarks.html

These implementations of zero knowledge proofs can be read about further, here: vitalik.ca/general/2021/01/26/snarks.html

BA in Economics. BS in Finance.

Hostess of the Crypt Keepers’ Club.

Passionate about research and data.

I don’t fold sheets, I spread them.

Hostess of the Crypt Keepers’ Club.

Passionate about research and data.

I don’t fold sheets, I spread them.

Connect with Me:

Note that you must be logged into Facebook to be directed to my page.

DISCLAIMER:

Keep in mind that information on this site is only from my perspective, and this industry is constantly evolving. Do more research. Be accountable for your decisions.

ALL INVESTMENTS ARE DONE SO AT YOUR OWN RISK!

Keep in mind that information on this site is only from my perspective, and this industry is constantly evolving. Do more research. Be accountable for your decisions.

ALL INVESTMENTS ARE DONE SO AT YOUR OWN RISK!

BE KIND! Insecure egos do not appeal to anyone's better nature.

© COPYRIGHT 2017-2021 ALL RIGHTS RESERVED.