One of the coolest privacy proposals which _could_ potentialy/eventually be used on L1 (and pretty likely on L2s) was presented on ACD today, and they even had nice ELI5 slides 😄

One of the coolest privacy proposals which _could_ potentialy/eventually be used on L1 (and pretty likely on L2s) was presented on ACD today, and they even had nice ELI5 slides 😄 

https://docs.google.com/presentation/d/1omnj-y2L59wERsOBQRKjoIKHm5VQ1A6Sdmc2_Oa75IM/edit?pli=1#slide=id.p

(summer of) protocol {support | guild | fellowship} ☀️


this seems cool! 

I think I understand.

It would "unlock" all of the Eth that had otherwise been burnt/lost by "re-minting" it.

And this helps with scalability because it decreases the number of transactions the chain needs to store?

Ohhhhh. Huh! Okay I’m going to re read these slides.

Thank you!

Not quite, @harpcaster (A+ handle btw!!). The way it would work is that as a user you send your ETH to an address _you_ know is a burn address but no one can tell from just looking at it. You keep a proof of that. Then, you can make a separate txn, from a diff address which would re-mint the funds from the prev txn.