that guy in the back is a dickhead... goodshit bro
@user-yx5zm7on2d24 күн бұрын
Gay
@007udayan25 күн бұрын
let's go Starknet
@ScottSheppardTheWombat28 күн бұрын
Okay, this video just popped up in my feed. I'm certainly no expert in STARKs and polynomial commitments... but I think I followed well enough to understand the concept. Super cool idea Weikeng! I'm thinking about the scalability issues of using Bitcoin's proof of work for securing non-Bitcoin systems though, especially because of the potential for extremely high transaction fees. As Bitcoin becomes more popular (and the role of the base layer shifts towards facilitating only high value transactions), those fees are only going to get higher (while most day-to-day transactions are done on L2 solutions like Lightning of Fedimints), making it tough to use the base layer for everyday security proofs. What if we looked at Layer 2 solutions like the Lightning Network instead? The high level idea would be to embed proof commitments within Lightning transactions and then periodically settle on the Bitcoin blockchain. This way, we could get the best of both worlds: fast, cheap transactions on Lightning, and the strong security of Bitcoin's proof of work through dispute settlements on the base layer. Obviously, using Lightning wouldn't have the natural rate limiter for brute force attacks since the transactions are instant instead of locked to ~10 minute intervals. But namy be it's a hybrid approach that could be used in less "high value" security scenarios that could also benefit from a faster guardian verification interval? I'm curious what you all think about this approach. Could it be a scalable and cost-effective way to leverage Bitcoin's security for broader cryptographic applications?