One of the biggest breakthroughts in modern cryptography can have a deep impact in blockchain protocols.
Cryptography is at the heart of many blockchain protocols. From traditional proof-of-work(PoW) to L2 modern approaches such as ZK-rollups, many advanced cryptographic methods provide the foundation of blockchain runtimes and protocols. Consequently, there is an omnipresent question about the security robustness of any blockchain architecture. Naively, we assume that blockchain cryptographic implementations that have survived complex attacks are inherently secured but that’s far from being an empirical proof. Is there a better way to verify the robustness of security algorithms. The answers seem to be in a new paper that just won the National Security Agency(NSA)’s “Best Cybersecurity Research Paper Competition” causing a lot of noise within the cryptography research community.
Titled “On One-way Functions and Kolmogorov Complexity” the paper provides an answer to one of the quincentennial problems in cryptography. The problem at hand is related to the existence of a mathematical construct called “one-way functions” that can prove whether a method such as a zero knowledge proof in an L2 blockchain, is cryptographically secured. Read More
Daily Archives: April 22, 2022
Former Intelligence Officials, Citing Russia, Say Big Tech Monopoly Power is Vital to National Security
When the U.S. security state announces that Big Tech’s centralized censorship power must be preserved, we should ask what this reveals about whom this regime serves.
A group of former intelligence and national security officials on Monday issued a jointly signed letter warning that pending legislative attempts to restrict or break up the power of Big Tech monopolies — Facebook, Google, and Amazon — would jeopardize national security because, they argue, their centralized censorship power is crucial to advancing U.S. foreign policy. The majority of this letter is devoted to repeatedly invoking the grave threat allegedly posed to the U.S. by Russia as illustrated by the invasion of Ukraine, and it repeatedly points to the dangers of Putin and the Kremlin to justify the need to preserve Big Tech’s power in its maximalist form. Any attempts to restrict Big Tech’s monopolistic power would therefore undermine the U.S. fight against Moscow. Read More
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