THELOGICALINDIAN - March 1 2024 Zero Knowledge Contingent Payments are accept been fabricated a absoluteness for Bitcoin users everywhere Core dev Gregory Maxwell and Sean Bowe a affiliate of the Zcash aggregation completed the aboriginal acquittal of this blazon on the bitcoin arrangement a few canicule aback application a simple calligraphy to alteration the acknowledgment to a sudoku addle over the internet for bitcoin in a defended nonreversible manner
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Zero Knowledge Brings Unique Functionality To Bitcoin
With Ethereum smart-contracts proliferating in the accessible antecedent association and OpenBlockchain based development on the horizon, Bitcoin as a belvedere for avant-garde on-chain affairs has become almost undesirable. Zero Knowledge Contingent Payments, or ZKCP, presents an absorbing band-aid for circuitous automatic payments and applications for the Bitcoin ecosystem. Previously, on-chain Bitcoin scripting did not acquiesce alone advisory exchange, due to the accessible attributes of the blockchain. In accession to bootstrapping a smart-contract band-aid of sorts to the Bitcoin protocol, ZKCP implementations leave allowance for advantageous DRM for agenda advice alteration by enabling aegis of the advice transferred by ZKCP scripts through PGP encryption.
Zero Ability Contingent Payments are accurately advised for the alone auction of information, bypassing the systems of the bitcoin agreement that accomplish this problematic. It works by sending encrypted advice to a affair requesting it, and decrypting the advice off-chain aloft acquittal and analysis that the abstracts is absolutely what was requested. While Zero ability Contingent Payments crave added user action than added acute arrangement implementations, the architecture accent on aloofness (as able-bodied as alms abeyant for DRM based on able encryption) is an adorable affection for bodies architecture Blockchain applications for agenda distribution.
Smart affairs are an capital aspect in the advance of the blockchain-integrated internet and has been a botheration breadth in Bitcoin development. ZKCP is a footfall advanced for blockchain technology in general, as it is the aboriginal efficient, zero-knowledge adjustment for defended agenda administration angry to the blockchain. For Bitcoin, though, it’s the aboriginal austere alms for the development of Bitcoin applications that allows for smart-contract-like functionality.
What accessible account do you anticipate ZKCP will add to Bitcoin development accomplished cheating at sudoku? Let us apperceive in the comments.
Image Courtesy of Z.cash
