Boneh: Stanford researchers developed a zero-knowledge solvency proof for Bitcoin exchanges
Dan Boneh · a16z Podcast | Crypto, Security, CS, Quantum Computing, and More with Our New Professor-in-Residence · Jan 2, 2019 · at 25:22
Dan Boneh is a Stanford Computer Science Professor and cryptography researcher. He explains cryptographic research from his lab designed to prevent exchange failures like Mt. Gox.
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“So what we designed is basically A mechanism that allows you to prove solvency, but do it in a way that's called zero knowledge. So you can prove that you're solvent, so an exchange, can prove that the amount of bitcoins it has is more than the obligations that it has, but do it in a way that reveals nothing at all beyond the fact that it's solvent.”
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