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Alloc Init
@allocinitxyz
Cryptography R&D for Bitcoin
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Lots of good questions since we published Shielded Bitcoin. Bitcoin++ asked us to tackle a dozen of them — covering common misconceptions, trade-offs, and open avenues for research. Enjoy digging into this conversation with @ClaraShik and @btcinsider__.
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Shielded Bitcoin: Private Transfers on Bitcoin L1
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Today we announce: AADP WE Open Challenges. Recently we proposed a new witness encryption scheme based on Arithmetic Affine Determinant Programs which we intend to use in Bitcoin PIPEs v2, unlocking a wide range of applications and eliminating the need for trusted parties. Now we invite anyone to break small instances of our new scheme or to discover structural properties that were unknown before. Details here: Special thanks to @zeroknowledgefm @zkproof @IACReurocrypt for organizing the conference week in Rome that we're announcing these at in person.
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