The team leading the project of the protocol SOFTWARE started, from the 25th of October, at a ceremony global configuration of the so-called counting multi-party (MPC), which will create an active open source community of Ethereum, which will facilitate the execution of confidential transactions with tokens ERC-20.The idea, according to the publication corporate of the company, is to facilitate the realization of private payments efficient, income and exchanges within the network’s privacy protocol, AZTEC, identified as the “chain of common reference” (CRS). To create this chain, the team requests the participation of users from all over the world, who invite you to join a ceremony called “Ignition”, which was launched this October 25 and will be active for 30 days.As explained by the developers, to participate in “Ignition” users should download the software from MPC and run the client Docker. Once you have executed this action will automatically perform a calculation that will take more or less 2 to 4 hours to complete.The idea is that the participants generate codes-random in order to make the protocol privacy to be more secure, destroying the “toxic waste” cryptographic random code used to protect the protocol), to delete data from the memory of the machines used. This action, called the randomness, works on the ceremony under the premise that “if only one person behaves with honesty, the configuration of the MPC will be safe.”
In our ceremony, each participant will create randomness, the basis on which is based the security of our tests. Your job is to inject that randomness in transcription and destroy the random number in the rough that used to do so.Protocol AZTEC
The ceremony will be taking place in two phases. The first will be to relay and will allow the users to distribute the transcript of AZTEC, moving his randomness to the scheme. The second will give access to the participation of a greater number of members of the community, with the purpose of “constructing the codex of the phase relay”.
Confidential transactions
The goal, to develop the network AZTEC, is to make the users take control of their financial privacy. This is why the team of AZTEC offers developers with a toolkit of zero-knowledge. To do this, work with a validator of contracts intelligent (AZTEC.sun), which works with the test of Zcash, zk.SNARKs. This test helps to determine the legitimacy of a transaction, without revealing information itself.Know until now, that the developers of AZTEC have been tested confidential transactions with tokens DAI MarkerDAO, managing to turn an operation, usually from public data in a private.The project for the development of the protocol is originally from London, Uk. Its developers are the mathematician Thomas Popock and the nuclear physicist Zachary Williamson, who in December of last year hung up the proof-of-concept SOFTWARE, open source, on GitHub.