When Cows Meet Cryptography: 4 Metaphors to Illustrate ZK, FHE, MPC, and TEE
Original author: NEBRA in Proof Summer
Original translation: TechFlow
1. ZK
You have some milk.
You can prove that the milk came from 2 cows, but you dont know which 2 cows or how they produced the milk.
2. FHE (Fully Homomorphic Encryption)
You have a milking machine.
You can produce milk without knowing whether 2 cows exist.
3. MPC (Multi-party Computation)
You and your neighbor jointly own 2 cows.
You can each milk the cow, but no one knows which part of the cow you are milking.
4. TEE (Trusted Execution Environment)
You have 2 cows.
You keep them in a secure barn where no one else can enter.
Cows can only be milked in the cowshed.
This article is sourced from the internet: When Cows Meet Cryptography: 4 Metaphors to Illustrate ZK, FHE, MPC, and TEE
Original author: Flossy Original translation: TechFlow introduction Bitcoin markets are entering an interesting phase after completing their fourth halving in April 2024. This cycle presents unique challenges for analysis, with new factors such as ETF approvals impacting traditional post-halving patterns. In this post, we will review historical data from previous halvings, assess current market conditions, and explore an idea I have – a long period of consolidation that may define this cycle. While I am not claiming this idea to be completely novel, it is interesting to note that I have seen very little discussion of this idea recently. When I mention this idea, a common response is this cycle is different. Bitcoin halving: History won’t repeat itself exactly, but there will always be similarities First, let’s talk about the…
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