I presented our first ideas, how we can add privacy to the original schemes of proof of solvency. I believe that Evan tank because he was like the head of research back then, he managed to build a very solid team. The reason that Libra didn't launch wasn't technical. We were ready technically even a year ago before the Libra project collapses. And it makes sense, right? After the Libra collapse, you've seen a few startups popping up. There is a reason for this. Because Facebook couldn't keep all of these people eventually,. Nobody would work for a project that wouldn't fly. Never launch.
This week, Anna explores the topic of proof of solvency with Kostas Chalkias, co-founder and chief of Cryptography at MystenLabs. They cover Kostas’ background in Cryptography and explore his work on Proof of Reserves, otherwise known as Proof of Solvency. They review past Proof of Solvency models using ZKPs and look at the protocols that major centralized exchanges are currently using. Then they dive into the security vulnerabilities, privacy issues, and general bugs that Kostas and his collaborators have identified in these protocols and their recommendations on how to better build Proof of Solvency systems.
Here are some additional links for this episode:
Today’s episode is sponsored by Aleo
Aleo is a new Layer-1 blockchain that achieves the programmability of Ethereum, the privacy of Zcash, and the scalability of a rollup.
If you’re interested in building private applications then check out Aleo’s programming language called Leo. Visit leo-lang.org to start building.
You can also join Aleo’s incentivized testnet3 by downloading and running a snarkOS node. No sign-up is necessary to participate. For questions, join their Discord at aleo.org/discord.
If you like what we do: