Tom Pocock & Zac Williamson: AZTEC Protocol – Bringing Zero-Knowledge Transactions to Ethereum
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
AZTEC Protocol is a protocol that enables private transactions on Ethereum. At its core, AZTEC is an Ethereum contract, otherwise known as the AZTEC Cryptography Engine. The protocol uses a zero-knowledge proof system, allowing users to effectively create shielded representations of tokens, which can then be sent and redeemed for the underlying token. CEO and CTO, Tom Pocock and Zac Williamson have plans to build AZTEC into a fully functional DeFi stack with which all kinds of trades, swaps, and financial operations will be possible, with privacy.Topics covered in this episode:How Tom and Zac met and founded AZTEC ProtocolWhat AZTEC is and what problem is solvesHow AZTEC enabled transactions work in practice from a user perspectiveThe challenges of making DeFi systems like MakerDAO fully privateHow ERC-20 tokens could be issued as private tokensThe AZTEC trusted setup ignition ceremonyZKPs for privacy vs scaling solutionsGrowing the privacy ecosystem and getting people excited about privacyThe security guarantees of using AZTEC and other ZKP systemsEpisode links: AZTEC ProtocolAZTEC Protocol - SDKAZTEC Protocol - research papersAZTEC Protocol TwitterTom Walton-Pocock TwitterZac Williamson TwitterReset EverythingSponsors: Least Authority: Register for Security Sessions on April 30th to learn about security audits for your blockchain project - https://leastauthority.com/meetupStatus: A multi-purpose communication tool that combines a peer-to-peer messenger, secure crypto wallet, and web3 browser - https://status.im/This episode is hosted by Sebastien Couture & Friederike Ernst. Show notes and listening options: epicenter.tv/335
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Thomas and Tomer discuss the importance of financial privacy, the distinction between open and visible blockchain, the different types of privacy users and businesses need, and the network effects of Ethereum. Plus, Thomas reveals how his background in shadow banking led him to start Aztec, shares his vision for programmable privacy and confidential transactions, and details his top three tips for fundraising that helped him raise capital from industry heavyweights such as Coinbase and ConsenSys. SUBSCRIBE TO THE PODCAST: Subscribe on Apple Podcasts, Spotify or your favorite podcast app Leave a review Share the show on social media with your friends and family LISTEN TO THE BLOCKCHAIN VC PODCAST: Apple Podcasts Spotify Overcast Google Podcasts Youtube Stitcher Show website FOLLOW TOMER ON SOCIAL MEDIA: Twitter Medium blog
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This week, Tom Pocock and Zac Williamson of AZTEC protocol join the podcast to discuss how they are bringing privacy to the Ethereum main chain. AZTEC is an on chain privacy protocol for Ethereum which enables efficient zero knowledge transactions. The protocol is just weeks away from a launch on mainnet which will start to enable users to have zero-knowledge (private) tokens such as Dai as well as enable dapp developers to create private applications. Privacy is a must for the future of Ethereum and this is a great conversation around the important topic. Get on the email list at ethhub.substack.com