Hal Finney talks zk proofs in 25-year-old unearthed footage

A recently resurfaced video shows Hal Finney discussing the possibility of zero-knowledge proofs at an annual cryptology conference in California some 25 years ago.

Bitcoin Pioneer Hal Finney Talks Zk Proofs In 25 Year Old Unearthed Footage_65b964ded15a0.png

Beforehand Bitcoin( BTC) colonist Hal Finney participated his vision for zero- knowledge attestations further than 25 times agone , a full decade before the launch of the first cryptocurrency, Bitcoin.

The videotape, purportedly from the Crypto ‘ 98 conference held onAug. 26, 1998, in Santa Barbara, shows Finney agitating in detail, the conception of zero- knowledge attestations — a cryptographic technology that gained immense fashionability decades latterly.

Finney explains how one could hypothetically perform a zero- knowledge evidence on a SHA- 1 hash, describing the possibility of transferring a cryptographically translated claim without revealing any of the details contained within the same claim.

“ I want to prove to you that I know a communication that hashes to a given hash value using the SHA- 1 hash. I do not want to reveal anything about the communication to you. It’s a zero- knowledge evidence, and I have written a program to do this that I will tell you about, ” explained Finney.

A zero- knowledge( ZK) evidence is a cryptographic protocol that enables one stoner( the prover) to move another( the verifier) that a particular claim is true without telling any details about the claim itself.

At the time of Finney’s speech, zero- knowledge attestations were considered to be a possibility, but due to tackle limitations at the time were extensively regarded, as Finney puts it “ hamstrung or impracticable. ”

Decades latterly, the crypto assiduity is now aboil with conversations and debates on how stylish to apply zero- knowledge attestations, with the main use of the technology being abused to gauge the Ethereum network.

bitcoin pioneer hal finney talks zk proofs in 25 year old unearthed footage 65b964ded3ea6

Finney is a fabled colonist of the cryptocurrency assiduity. He was a computer scientist who made some of the foremost contributors to sequestration- enhancing technology, including the first completely anonymousre-mailer, a tool that defended stoner identity when transferring emails. also, Finney created the first applicable evidence of Work system, which anteceded Bitcoin by nearly five times.

In 2009, Finney was the veritably first philanthropist of Bitcoin, after he was transferred 10 BTC by the cryptocurrency’s pseudonymous author Satoshi Nakamoto, and was known to have worked nearly with Nakamoto in Bitcoin’s foremost days.

Some have suspected that Finney could be Satoshi Nakamoto himself, though he has denied the proposition.

Finney was diagnosed with a rare neurological complaint known as ALS, the complications of which would latterly claim his life in 2014. Finney was cryopreserved by the Alcor Life Extension Foundation in Arizona.

The videotape could be one of the first times that some people has been suitable to hear Finney’s voice, suggested TrustMachines onX.

Big Questions: What’s with all the crypto deaths?

5.0/5

(100 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Azcnews Bitcoin Approaches $62,000 After Fed Interest Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Approaches $62,000 After Fed Interest Rate Cut

The price of Bitcoin surged to nearly $62,000 following the U.S. Federal Reserve's decision to lower the benchmark interest rate by 50 basis points. This marked the first rate cut since 2020, following a series of aggressive rate hikes by the world's most influential central bank.

How To Participating In The Vana Airdrop On Telegram

Airdrops | Editor Choice

How to Participating in the Vana Airdrop on Telegram

Instructions to Participate in the Vana Airdrop on Telegram - An AI Project That Successfully Raised $25 Million from Paradigm, Coinbase Ventures, and Polychain.

Azcnews Breaking Trump Related Meme Coins Plunge Following Assassination Attempt

News | Altcoin | Editor Choice | Memecoin

TRUMP-Related Meme Coins Plunge Following Assassination Attempt

Former President Donald Trump survived a suspected assassination attempt over the weekend. But this time, political meme coins associated with the Republican candidate have seen a sharp drop this week, leaving many investors wondering about the relationship between meme coin price movements and related news events.

Azcnews Breaking Toncoin Price Unpredictable Amid Mixed Signals

News | Altcoin | Editor Choice

Toncoin Price Unpredictable Amid Mixed Signals

Toncoin [TON] has recently garnered attention by dropping sharply from its recent peak of around $8 to $5.51 at the time of reporting.

Layerzero Launches Lzcatalyst With $300m To Support Its Ecosystem

News | Altcoin | Editor Choice

LayerZero Launches lzCatalyst with $300M to Support Its Ecosystem

LayerZero Foundation announces launch of $300M lzCatalyst incubator program to support projects in its ecosystem.