Exploring Penumbra with Henry de Valence
Zero Knowledge
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How to Enable Private Transactions With Global State
In order to build a shielded chain first you have to fragment all of the application state and kind of rewind to this more UTXO style model like in Bitcoin where instead of having one giant ball of global state you have immutable composable state fragments. This is totally independent by the way of any sort of specific details about the proving system whatever that's a whole awesome piece of engineering but it's kind of orthogonal to this issue which is like what is the data how do you represent state on the chain. So I think probably a good way to kind of frame the problem is by thinking about the kind of basic sort of state and data models of blockchains and how we end up
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