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Vitalik Buterin puts 60% odds on a cryptography breakthrough, CryptoSlate reports

CryptoSlate says the breakthrough could make private financial software cheap enough to reduce reliance on auditors, custodians and exchanges.

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2 Sources, 24d ago, first seen 24d ago

TLDR

CryptoSlate reports that Ethereum co-founder Vitalik Buterin sees a 60% chance that SNARKs, FHE and iO eventually run at less than 10 times the cost of ordinary computation. The outlet says that could make private financial software cheap enough to reduce reliance on auditors, custodians and exchanges.

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5.1K

2 Sources, first seen 24d ago

35 likes4 comments1 saves3 reposts

Combined views

5.1K

2 Sources, first seen 24d ago

35 likes4 comments1 saves3 reposts

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2 Sources

@CryptoSlateVitalik Buterin sees a 60% chance that SNARKs, FHE and iO eventually run at less than 10x the cost of ordinary computation. That could make private financial software cheap enough to reduce reliance on auditors, custodians and exchanges. https://cryptoslate.com/ethereums-vitalik-buterin-puts-60-odds-on-a-cryptography-breakthrough-that-could-weaken-wall-street-middlemen/
@cryptodotnewsJUST IN: Vitalik Buterin put a 60% chance on SNARKs, FHE and iO reaching single-digit overhead He also put a 33% chance that all three approach almost zero extra cost
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    2 Sources

    @CryptoSlateVitalik Buterin sees a 60% chance that SNARKs, FHE and iO eventually run at less than 10x the cost of ordinary computation. That could make private financial software cheap enough to reduce reliance on auditors, custodians and exchanges. https://cryptoslate.com/ethereums-vitalik-buterin-puts-60-odds-on-a-cryptography-breakthrough-that-could-weaken-wall-street-middlemen/
    @cryptodotnewsJUST IN: Vitalik Buterin put a 60% chance on SNARKs, FHE and iO reaching single-digit overhead He also put a 33% chance that all three approach almost zero extra cost
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