Month: July 2023

crypto

How to apply recursive snarks for a fully scalable, fully private, currency

From the very beginning of bitcoin, people worried that it could not scale to the required size. It does not scale because it is a massively replicated public ledger. Thus any real solution means making the ledger not public. Which means either centralization, a central bank digital currency, which is the path Ethereum is walking, or privacy. You cure both blockchain bloat and blockchain analysis by not putting the data on the reliable public broadcast channel in the first place, …