Cryptocurrency: MATIC's ZKP Claims to Scale... Debunked

[Steven Schear]

In the paper referenced in
https://www.coindesk.com/markets/2013/07/25/bitcoin-activists-propose-hard-fork-to-bitcoin-to-keep-it-anonymous-and-regulation-free/

Cypherpunks recommended ways the Bitcoin blockchain might be made
deterministic in length. Though not directly addressing the scaling issue
it nevertheless would tackle other, for example, node resource issues. It
would also prevent "submarining" issues with the huge number of early mined
coins which have never moved and redistribution of lost coins.

On Sat, Dec 25, 2021, 1:31 AM grarpamp <grarpamp at gmail.com> wrote:

>
> https://cointelegraph.com/news/here-s-how-polygon-is-challenging-the-limitations-of-ethereum-as-told-by-co-founder-sandeep-nailwal
> Polygon (MATIC), a layer-two network designed for scaling and
> application infrastructure development on Ethereum (ETH)...
>
> Any coin that depends on and runs on top of a network
> that is itself nonscalable... is therefore also not scalable.
>
> Ethereum does not scale because, like nearly all other coins,
> it requires an amount of physical storage space that grows
> without bound over time to store all the transactions. This
> blows out individual repos thus depending users on non-private
> sharding lookup schemes, over realtime non-private analyzable internets,
> into massive storage clouds holding lifetimes of privacy break risks,
> and that don't need to exist in the first place. Etc.
>
> ZKP DAG etc can help create coins whose physical growth
> is counted by endless transactions, but to limited addresses,
> a far smaller number, made further smaller due to privacy.
>
> Look into making using and adopting a new class of
> necessarily sans-tx-storage privacy coins.
>
> The future belongs to... privacy, sans-tx-storage, crosscoin DEX.
>
> Invent the future.
>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: text/html
Size: 2537 bytes
Desc: not available
URL: <https://lists.cpunks.org/pipermail/cypherpunks/attachments/20211226/719cb21e/attachment.txt>