Understanding Zero-Knowledge Proofs in 15 Mins through SNARK and STARK
BackgroundIf you have read my article on Ring-Trade Systems (check it out here), you know that I ended my argument on one assumption — A way to securely roll-up computationally intensive operations like ring-matching from L2 to L1. In the case of Loopring, the solution was a ZK roll-up. While I will save the Optimistic vs. ZK conversation to a potential future article, I do want to take some time to explain ZK, whose cameo in most articles consists of "…without getting into the mathematics…" ...
Understanding Zero-Knowledge Proofs in 15 Mins through SNARK and STARK
BackgroundIf you have read my article on Ring-Trade Systems (check it out here), you know that I ended my argument on one assumption — A way to securely roll-up computationally intensive operations like ring-matching from L2 to L1. In the case of Loopring, the solution was a ZK roll-up. While I will save the Optimistic vs. ZK conversation to a potential future article, I do want to take some time to explain ZK, whose cameo in most articles consists of "…without getting into the mathematics…" ...
An Inevitability in Token Exchanges — Ring Trade-based Systems (Loopring, Cowswap)
Token Trading, DEX aggregators, Ring Trade, AMM, Order Book, NP-hard ComputingTL;DRRing Trade makes trading tokens in the long-tail more viable than ever.The computational challenge brought by the global optimization problem can be safely conducted off-chain, given the Zero-Knowledge Proof technology is robust.What is Token Trading / SwappingTokens are items whose ownership is represented on-chain (typically the Ethereum blockchain). Their value can be arbitrarily defined using associated Sma...
An Inevitability in Token Exchanges — Ring Trade-based Systems (Loopring, Cowswap)
Token Trading, DEX aggregators, Ring Trade, AMM, Order Book, NP-hard ComputingTL;DRRing Trade makes trading tokens in the long-tail more viable than ever.The computational challenge brought by the global optimization problem can be safely conducted off-chain, given the Zero-Knowledge Proof technology is robust.What is Token Trading / SwappingTokens are items whose ownership is represented on-chain (typically the Ethereum blockchain). Their value can be arbitrarily defined using associated Sma...
