
Lukas Helminger
@luhelminger
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CEO @TACEO_IO // Building encrypted compute for the internet // Prev. cryptography researcher @tugraz
Graz
Joined April 2020
We just raised a $5.5M seed round to build the network for Private Shared State. It’s the thing we’ve been working towards for years, and now we finally get to realise it. Here’s why we’re building it
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the winner is... Zk + encrypted compute aka collaborative SNARKs it wins already in the identity space payments are next
Privacy clearly a big problem. But what is the solution. - privacy coins like zcash? - ZK infra like starknet, zksync, succinct, aleo, aztec? - insto/enterprise approach like canton? - encrypted computation like arcium? Someone smarter tell me who wins privacy.
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Open mode vs. closed mode put us into crisis mode end of last year but it took me until end of this summer to realise the reason. We had a strong and exhausting autumn last year going through @a16zcrypto CSX, pushing hard to pull off an activation at Devcon where we were able to
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only 5 days after publication of Poseidon2b, @meanjanroy has written a python reference implementation and is already cooking an optimised rust version 🤯 What is Poseidon2b about 👇
Poseidon2b now has one more reference implementation in Python. What's new? - Simple, easy to read. - Generates partial and full round matrices and round constants. It was missing from official ref. impl. in Sagemath. - The official ref. impl. comes with one test vector per
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Same will holde for encrypted compute. Most computation will be structured operations that can be ‘encrypted’ compute directly, not in a VM
@_weidai A core part of the reason why is https://t.co/7CwdzKRy85 The bulk of the computation will be structured operations that can be proven directly, not inside a VM
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a researcher is changing his affiliation and it’s such a big news I love this aspect of the industry so much not sure if this happens in any other industry
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Private, compliant stablecoin transfers aren’t a question of IF, but HOW. I’ve analyzed 5 ways to make them real👇
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everyone in stablecoin land is exploring private payments. we talked to the teams. my list on the high-level technical requirements of an MVP - 1000+ TPS - amount hidden - no new trust assumptions, i.e. correctness must remain verifiable onchain
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1/ Let’s assume using TEEs means you fall out of data protection regulations. Then we’ve found a cheap way for big tech to solve their compliance issues around data.
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private payments can’t introduce new trust assumptions. if a payment chain runs on hundreds of validators, the confidential transfer must too, or it must be verifiable onchain (zk proof).
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