
Floyd11
832 posts

Floyd11
@gsdaox
STILL A WEB3 GAMING/NFT MAXI GVC #6492











The reality today is what your own Prividium FAQ calls out: "Trust is built into the math". ZK proofs are positioned as the primary line of defense and security despite everyone in the know fully aware of their state of maturity. a16z put it aptly saying "we are still years away from meeting even the most basic goals for a secure and performant zkVM". You do seem to understand this for why else would Prividiums employ a fully centralized operational model where the central operator sees everything and can validate the whole ledger as a second line of defense. The price you pay for that is fractured single-operator chains where the operator decides who sees what. There's no innovation there, the industry has been trying to get traction with that model since 2014. The mathematical verifiability does not solve the fundamental problems with that model even if it worked flawlessly. The stance you take in your post that ZKP could offer a second line of defense to regular transaction verification is uncontentious. Canton has always taken the stance that if this technology were to mature to the point where it's robust and performant, it could be added to an interoperable system with privacy like @CantonNetwork . But even then, the value proposition that a member of the general public that has no stake in a transaction should have the right to question and mathematically verify the transactions of a highly regulated entity in the RWA space is divorced from reality. Real time synchronization, consistency, and interoperability between counterparties is the problem that finance at scale needs solving. Canton's ceiling is $400tn+ high quality real world assets being mobilized 24x7 with seamless interoperability. Today, ZKP's ceiling is a small subsection of the $2.5tn crypto market.




