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} ☀️


And here's them presenting it on ACD: https://www.youtube.com/live/CPt3f3ughFM?feature=shared&t=1769

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.

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?

This is awesome. Is it implemented yet? How to zkProof r is random tho?