Zero Knowledge Proof

“And then the second thing we do is we separate all of this from you with a zero knowledge proof. So meaning you have that secret on your phone. But no one else has it. No server has it. We don't have it. And then you can later go back to this multi-party compu…”

“If you are never sharing your data with a remote entity like Capital One, then there can be no data breach because it didn't have the data in the first place.”

“It'll turn out in 10 years that it's something that protects both individual safety, and it protects businesses, and it protects our whole national infrastructure.”

“Every time we want to prove our identity, we do it by disclosing potentially sensitive information that could be abused. This is not a safe or scalable way to do it, and zero knowledge proofs might provide a replacement where instead of divulging information, …”

“Zero knowledge proofs might be a breakthrough to solve the scaling problem that has stopped all the blockchains so far. Because the scaling problem is, you remember, everybody wants to be sure of everything that goes into the blockchain. That means the more pe…”

“Like I say, it was a very important scientific discovery, but it didn't get practical application until my company implemented it. We made some scientific advances that made it sufficiently practical, and we implemented it and deployed it to the world in this …”

“It's a zero knowledge proof because I have learned zero information about what's on here. If no matter if we did it a thousand times, I'm no closer to guessing whether this is a zero or whether this is a one. He never showed it to me, and I didn't learn any hi…”

“So when Satoshi Nakamoto was inventing Bitcoin, he tried to figure out how to add encryption into it, and he couldn't figure it out. It didn't fit, because back then, 10 whole years ago we didn't have good enough zero-knowledge proofs.”