[SavantIdiot]

Zero knowledge proofs for the win! This is one of the things I need to see in a cryptocurrency before I believe it will succeed at scale.

1 Zero-knowledge proofs,

2 shielded ledgers,

3 democratized and energy efficiency mining,

4 inflationary control, and

5 wallet recovery.

No one has all of these yet, but ZKP is a big part of it.

[gautamcgoel]

Can you explain what you mean by shielded ledgers?

[SavantIdiot]

The fact that wallet IDs are visible in the blockchain breaks it completely for me. I do NOT want an immortal record of every penny I spent and to whom I gave it. Fuuuuuuuck that. Today I have a choice, but with many cryptocurrencices (ETH, BTC) that is a "feature" not a "bug".

Monero and Ravencoin have transparent and shielded entries. I believe the node is encrypted with an ECDH shared secret, so the payer and the payee know each other's wallets, but no one else does.

[drexlspivey]

If by inflationary control you mean non limited supply, grin (mimblewimble protocol) has all those attributes.

[SavantIdiot]

yes, i did mean that. also pegging it to a real currency, like USDCoin. I have not heard of Mimblewimble. Thanks for the reference, I'll add it to my list of coins to study.

[b0tzzzzzzman]

I am also curious what you mean.

[SavantIdiot]

See my peer comment.

[iSnow]

zk-SNARKs are a practical application of ZKPs in crypto.

[35mm]

3 - proof of stake (Cardano etc) solves this, no?

[SavantIdiot]

Like I said, lots of coins touch some of these, but I don't know of any that has all of them.

[takoid]

You should look into Monero.

[SavantIdiot]

Yep. I have. RandomX and ECDH ledgers are a big plus.

[devmunchies]

monero is proof of work? is there a proof of stake alternative to monero?