TLDR Ethereum devs are working on a new protocol called ZKSS to enhance privacy using zero-knowledge proofs. The Secret Santa protocol ensures transaction details such as sender and receiver remain confidential. The protocol prevents participants from cheating by introducing a random number generation system. Ethereum devs have developed a smart contract for registering participants and [...] The post Ethereum Devs Develop Secret Santa Protocol to Boost Blockchain Privacy appeared first on CoinCentral.TLDR Ethereum devs are working on a new protocol called ZKSS to enhance privacy using zero-knowledge proofs. The Secret Santa protocol ensures transaction details such as sender and receiver remain confidential. The protocol prevents participants from cheating by introducing a random number generation system. Ethereum devs have developed a smart contract for registering participants and [...] The post Ethereum Devs Develop Secret Santa Protocol to Boost Blockchain Privacy appeared first on CoinCentral.

Ethereum Devs Develop Secret Santa Protocol to Boost Blockchain Privacy

TLDR

  • Ethereum devs are working on a new protocol called ZKSS to enhance privacy using zero-knowledge proofs.
  • The Secret Santa protocol ensures transaction details such as sender and receiver remain confidential.
  • The protocol prevents participants from cheating by introducing a random number generation system.
  • Ethereum devs have developed a smart contract for registering participants and maintaining privacy.
  • A transaction relayer is used to submit data, ensuring no one knows who added specific random numbers.

Ethereum developers are focusing on a new protocol designed to enhance privacy using zero-knowledge proofs. The protocol, known as “Zero Knowledge Secret Santa” (ZKSS), was introduced by Ethereum developer Artem Chystiakov. This concept first emerged in January and aims to address privacy concerns on Ethereum while introducing a new way of conducting anonymous transactions.

Addressing Privacy Issues with Ethereum

Ethereum devs have long faced challenges related to privacy on the blockchain. As all Ethereum transactions are visible, the “Secret Santa” protocol seeks to hide transaction details like the sender and receiver. This ensures that the identities of the participants remain confidential throughout the process.

Chystiakov’s protocol uses zero-knowledge proofs (ZK-proofs) to securely establish who is giving and receiving gifts without revealing identities. The ZKSS protocol is specifically designed to allow participants to engage in the Secret Santa game without disclosing who is involved in the transaction.

The current system on Ethereum does not provide true randomness, which could lead to cheating. Ethereum devs have addressed this by incorporating random number generation into the protocol, ensuring fairness in the game. The protocol also prevents participants from giving gifts to themselves or participating multiple times.

Ethereum Devs Develop Privacy-Focused ZKSS Protocol

To start, Ethereum devs have developed a smart contract where participants register their Ethereum addresses. This contract creates a list of participants, which is essential for maintaining privacy during the event. Each participant commits to a unique digital signature, which helps prevent anyone from cheating.

Once the list is created, participants secretly add their random number to the list through a transaction relayer. The relayer submits the transaction, hiding the identity of the person who added the random number. This process ensures that no one knows who added which number.

Finally, participants select another person’s random number, revealing the identity of the gift recipient. The transaction relayer ensures that the gift recipient’s identity is kept confidential until the end. Ethereum devs have created a smooth and secure way for users to engage with this protocol, keeping personal information private.

Ethereum devs are currently working on open-source implementations of the ZKSS protocol. While the project is still in its early stages, developers are focused on fine-tuning its design for potential real-world applications. Artem Chystiakov, the lead researcher, confirmed that the team is actively working on bringing this protocol to the public.

The potential use cases for this protocol are diverse. Ethereum devs see possibilities in areas like anonymous voting, governance, and whistleblower systems. By incorporating zero-knowledge proofs, the protocol can maintain privacy while ensuring the integrity of transactions.

The post Ethereum Devs Develop Secret Santa Protocol to Boost Blockchain Privacy appeared first on CoinCentral.

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