I'm a little behind the times, are we going to see zk-STARKS in Monero?
While Monero’s lead developer, Riccardo Spagni, has criticized Zcash in the past, calling it a “complete security farce,” this new system of implementing zero knowledge proofs may avoid some of the serious issues that Zcash’s current zk-SNARKs system has. Spagni told CoinDesk that Monero will integrate zk-STARKs “if and when it’s usable.
https://www.deepdotweb.com/2017/10/11/monero-considers-implementing-zk-starks/I don't think our community is wedded to any particular technology. We have a vision of providing private fungible value storage and transfer at the best scale that technology currently allows for while using only safe and well vetted techniques. We also have very healthy governance and a well balanced and rational community who all have a similar vision, so forks tend to be a breeze. If it turns out that ZK-Starks is the bees knees it will almost certainly be implemented here.
It is not usable, and doesn't look to become usable in the foreseeable future. IIRC transactions would take like 20 minutes or something to compute. I don't remember the details, just that it isn't currently viable.
Holy shit I read it was long but really? Do you have a link on that?
BTW what is the longest calculated transaction time thats currently in use for comparisons sake?
...Clipped...
Enter the DAGThe closest thing I've seen so far that matches my imagined path is a directed acyclic graph.
From Wikipedia:
"In mathematics and computer science, a directed acyclic graph is a finite directed graph with no directed cycles."
A DAG model works differently than a blockchain. A common blockchain requires miners to maintain blocks, but a DAG wouldn't need either proof-of-work or blocks.
New models of management would be needed. So, there is a lot of work to do.
But this model theoretically gets better as new nodes are added. So it may be an improved model for both fees (or, in ethereum parlance, "gas") and scalability over current blockchain models.
In the future, we may have something that does what a blockchain does, only better. There are still challenges to this model, so I don't know how this will play out. But, I think this design is intriguing, and I'm curious to see how it develops.
https://www.coindesk.com/10-years-wont-blockchains/[/quote]
I've seen this argument in alot of Dag coin threads but have seen no working POC. So afa I'm concerned it's pie in the sky and BC tech could morph into anything or nothing at all for the foreseeable future.
How Does the Attack Work?...........
Suppose you have an address that your coins are on when then fork happens. Now you have the same private key holding funds on both the main chain and the fork chain. You decide to make a transaction on the main chain. Your client picks 4 random inputs for ring signature partners plus your actual input. A B C D E are the ring signatories for your transaction on main chain. Which one is the real input? Nobody knows. Now you go over to the fork chain and you use that same private key to author a transaction on that that chain. Your client picks 4 random inputs for ring signature partners plus your actual input. F G C H I are the ring signatories for your transaction on the fork chain. Now which ring signature input was the real one and which were the decoys?
I've decided to split my romero's into 1 tachoshi wallets and use those to cash in on monerov.
hi! This is really good coin.
i'm looking for ways to use Monero directly to pay for my everyday activities. Was thinking of using a crypto credit card. Someone tried it?
Try pointing "it" out.