StarkWare (Blockchain) - Rating and Details of StarkWare ICO (Token Sale) - Rating: Not Rated

Zero knowledge (ZK) proof systems are an ingenious cryptographic solution to this tension between the ideals of personal privacy and institutional integrity, enforcing the latter in a way that does not compromise the former. Public trust demands transparency from ZK systems, meaning they be set up with no reliance on any trusted party, and have no trapdoors that could be exploited by powerful parties to bear false witness. For ZK systems to be used with Big Data, it is imperative that the public verification process scale sublinearly in data size. Transparent ZK proofs that can be verified exponentially faster than data size were first described in the 1990s but early constructions were impractical, and no ZK system realized thus far in code (including that used by crypto-currencies like Zcash™) has achieved both transparency and exponential verification speedup, simultaneously, for general computations.

Here StarkWare reports the first realization of a transparent ZK system (ZK-STARK) in which verification scales exponentially faster than database size, and moreover, this exponential speedup in verification is observed concretely for meaningful and sequential computations, described next. StarkWare’s system uses several recent advances on interactive oracle proofs (IOP), such as a “fast” (linear time) IOP system for error correcting codes.

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