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Episode 257: Proof of Solvency with Kostas Chalkias
Zero Knowledge
Zero Knowledge Proofs Are Not Enough
If you think might be auditable already, right? If you had like some timestamp on the transaction that happened back then. Then it would be golden, but we need also some privacy. We cannot reveal people's like balances. Simple miracle trees do not work and here is where zero knowledge proof is coming. You can see someone with $10 million in Bitcoin, why you should know as an individual what someone else is owning as liabilities to this particular exchange.
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