Using a million gates like in Zcash, you need several gigs of RAM. Lipsnark has rewritten their algorithm to use less gates so that it is just more efficient. It takes minutes to generate a transaction and requires a big computer. If they can rewrite their construction to be much more efficient, you could run it on a phone or enable shielded transactions as the default choice where that would be hard otherwise.
In this episode, we sit down with Howard Wu to explore zkSNARKs, the challenges in the application of this awesome technology, the new ideas emerging for how to scale them and his latest work on DIZK.
This is the 2nd in our ongoing series about Zero Knowledge technologies. To get a good sense of Zero Knowledge Proofs, please listen to our introduction to the topic in Episode 21.
Howard Wu is an early member of Blockchain at Berkeley, the co-author of Libsnark, and a managing partner of Dekrypt Capital.
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