So, I just went through the web page, and read through twenty+ pages of this thread, and can not figure out what sdc is promising in terms of "zk". If you could excuse me for my laziness for not digging deeper, could someone respond to three quick questions?
1. With the beta that is being tested now, are the devs planning on implementing Zerocash, Zerocoin, or something else?
2. If Zerocash, how do you set up the security parameters? This requires trusted third parties.
3. If Zerocoin, how do you set up the security parameters? Do you use RSA UFOs? If so, how where these generated, and what is their bit length?
Thanks.
hi,
shadow simply has zk-snarks and ring signatures and has its own built-in which doesnt need 3rd party and has nothing similar to zerocash, etc.
A real (not vaporware), working, ZK implementation with ring signatures
sdc dev and whitepaper will explain it in details...
by the way...welcome on board guys....nice to have new bloods here
Thanks for throwing out a clue on how SDC handles the zerocoin initial seeding parameters issue. This is the first and number one question to ask when a coin claims they are the first to implement zerocoin. SDC has done an excellent job with it's website and OP so it's a pity there aren't a couple lines of explanation to address the seeding issue on everyone's mind. There's plenty of discussion on Anoncoin's thread about Gnosis' approach. In contrast, there's no mention of handling the initial seed parameters with Zerovert and the info on this coin is so scant it smells like scam.
We have answered it over and over and keep saying "please jump in irc until the white paper is released"! Zerovert have also explained themselves, idk, about 10 times already in a 20 page thread they use rsa modules (still trusted but they have a massive bounty if you crack them) Just as anoncoin wished to use them for a trustless setup (there is no "seed" or trust parameters!.
Honestly i don't know where half of you are getting this information and how you're tieing it to Zero Knowledge but its completely seperate. Proposed anon implementations have many tools they can use to try and achieve an efficient, secure anon transaction (zero proofs, commitment schemes, accumulators)
I personally will start work on the wiki as soon as i get my hands on rynomsters whitepaper i encourage everyone else to help with the FAQ. Untill then not many people here can tell you completely what is implemented because not many people understand exactly what invisible money is! Hell even the devs heads are spinning! Please try and understand that. No one is hyping it yet, people are just excited because many of us have been here for a long time supporting its growth.
The devs are aware of the "education" issue here as we have hammered them for the past 2 months about the problem of people not being educated on the topics. They have chosen to mainly pump out the tech. But they will now start answering your questions. Now that they have put some final touches and refinements onto their tech. They can explain it without it changing to much and people who don't understand "nerd raging" and "smelling a rat". I'm sure you can understand that sometimes its a double edge sword for them and the stronger supporters. No one is asking you to give anyone money there is no premine and no obligation to buy and support the project. Please take some time to settle in and i'm sure you will catch on fairly quickly. A lot has happened in a short amount of time but the core tech has been the main focus because thats the main asset that sustains heavy pressure from markets and crowds.
So now it can be the other important parts of Shadow that catch up. The education and information phase is no in effect and you will all understand fully the nature of this epic beast. Because i believe people do need to understand better, what this is or they just wont take it seriously!
Personally that is what i've been waiting to work on. But it has been impossible because i never wanted to lead anyone astray with misinformation so most of us have waited until we have the final spec sheet.. I'm sure you can understand and appreciate how responsible that is of the Shadow community? But i can understand why it may look dodgy to new commers arriving right now because the price is spiking.
We have said and will say it again, please step into irc until the white paper is released. I believe you may feel more satisfied if you do but if you don't want to thats fine but please be patient and wait on the white paper and dev responses. Please understand, they have been extremely busy the past 4 months to produce so much amazing tech and remain relevant with their many industry firsts. Allowing the long time supporters to celebrate a bit is not unreasonable.
1: Shadows invisible money will be called "Shadow" it is not called "zerocoin" Shadow is not minted in the same fashion as zerocoin.
2: There is no zerocoin implementation here, it is not zerocoin at all!
3: Shadow uses ZK= Zero Knowledge proofs that do not require a seed or a trusted setup parameter.
4: There is no accumulator, accumulator moduli (rsa UFO) there is ring signatures which create a zero knowledge proof. (no need for a trusted setup parameter)