You are viewing a single comment's thread from:
RE: ANN Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
Will this have the 2 minute spend transaction, no multisig and hardware restrictions that Zcash will also suffer from?
Will this have the 2 minute spend transaction, no multisig and hardware restrictions that Zcash will also suffer from?
it builds on a zcash fork, adds dPoW and iguana, so it will inherit all the non-mining aspects of zcash. I am pretty sure the zkp creation times will be optimized. Also doing a private multisig is close to an oxymoron, cant really be very private with multiple signers. That being said the normal format multisig is possible with both zcash and komodo.
not sure what hardware restrictions you talk about, the latest I saw was that zcash can run on a system with 4GB of RAM, which is pretty standard for all but smartphones. Even my many year old laptop has 4GB
Sounds good, I watched a podcast where Zooko kinda talked Zcash down, he was honest in fact. Yeah I meant mobile restrictions. So you really think Komodo could be a rival to Dash/Monero for privacy? I wanted to get into BTCD so this is the logical step.
Private multisig would be nice, people do share secrets, if it's in their best interests to do so.
the zcash zkp is second to none in privacy. with ringsigs the anon set is 3 to 10, usually at the lower end. So it does provide plausible deniability and if that is all you need, then maybe its ok. with the zcash zkp, the anon set is up to 2^28, which is quite a big number.
You really cant compare the two. with a branch factor of 3 to 10 and a relatively small usage, really how hard is it to identify the money flows? especially if the inputs and outputs to the chain are also tracked. You can make a statistical correlation and build models against ringsigs.
With zkp its much more like a blackbox. You can tell the global total in and out of the blackbox, but the zero knowledge part is quite significant. mathematically there is zero information leaked between the zkp -> zkp transactions. ZERO knowledge leaked.
versus "we are not sure which of these 3 are yours"
dont trust me, trust the math. is 2^28 items with zero knowledge leaked in the same category as plausible deniability among 3 to 10?