Mesiah
@amesiahofsorts
Can we optimize the blockchain? To slightly rephrase, can we optimize dApps such that they can handle complex tasks cheaply and quickly? YES! Here's how Boundless is making this possible with ZK-Proofs 🔻
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Mesiah
@amesiahofsorts
❓What's a ZK-Proof? A zk-proof allows us to prove something is true without revealing the details. For instance with zk-proofs you can prove that you solved a puzzle without revealing your steps OR that you're old enough to drink without revealing your personal details
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Mesiah
@amesiahofsorts
❓Why is this Important? Traditionally, blockchains make every node repeat a transaction to agree on the network’s state (achieve consensus). This is secure but computationally expensive, and gets worse the more complex the txns are.
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Mesiah
@amesiahofsorts
ZK-Proofs makes it possible to handle these computationally intense tasks offchain, and then prove they have been completed accurately onchain
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Mesiah
@amesiahofsorts
❓Why then doesn't every dApp do this? As the saying goes "if it was easy everyone will do it" Generating zk-proofs is not easy, and require specialized hardware and software infrastructure. This is where Boundless comes in.
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Mesiah
@amesiahofsorts
Boundless abstracts and decentralizes the proving process, allowing devs to just write their program logic and request for proofs, while provers nodes compete to generate these proofs (and earn rewards) Think of it as proof-mining.
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Mesiah
@amesiahofsorts
❓How exactly does it work? - Devs Build dApps using normal code - dApps send heavy tasks to Boundless prover network - Prover nodes compete to perform computations and generate zkproofs - Proofs shows the work was done correctly - The blockchain verifies the proof in seconds
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Mesiah
@amesiahofsorts
❓Why use Boundless - Immense cost savings for devs - Privacy - Decentralized, anyone can join as a prover - Incremental improvements as provers continually upgrade their setup to compete for proofs etc. - Brings ZK to every chain
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