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by dystopiabreaker
1622 days ago
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crypto was not co-opted. FAANGies just got stuck on a WebPKI side quest. leading research in the field is being done by blockchain companies. you don't have to believe me, try reading ePrint. cryptocurrency people lead the research in zk proof systems and more. the idea that the crypto space doesn't use cryptography is absolutely laughable |
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Meanwhile, academic and (non-blockchain) industry researchers have been pushing the state of the art in every subfield within cryptography, ZKPs included. Big companies have been deploying MPC as a means of addressing privacy concerns and regulation, and the cryptographers working on that (full disclosure: I am one of them) have been pretty active in publishing their work. Academic researchers have further advanced the results and addressed the problems raised by industry researchers, sometimes breathing new life into almost-forgotten lines of research (like set intersection protocols).
So sure, I can grant you that there has been some interesting work on cryptography within the blockchain space, but it is not nearly as exciting and significant as you suggest. I actually have a lot of respect for the ZCash team, whose work really is top-notch and who I see (or saw pre-COVID) at high-quality conferences like CRYPTO and RWC. On the other hand they are a small and very unique team within both the blockchain ecosystem and the cryptography research community, and their research work is only nominally related to blockchains (it is inspired by an application that did not even require a blockchain in the first place). Beyond the ZCash and a few other groups with serious cryptographers the blockchain space is a desert in terms of interesting cryptography.