AbdelStark commented 8 months ago

Preface

Exploration Hypothesis

Blockchain suffers from a problem: the lack of data portability. Currently, the most popular solution is the use of Oracles, an expensive solution that's impossible to scale, particularly for personally identifiable information (PII).

Aware of this situation, many projects have explored alternative approaches, and with the advent of zk-Proofs, one stands out for its potential: leveraging TLSNotary.

The idea is simple in theory: use TLSNotary to generate a zk-SNARK attesting to the veracity of information sent securely via TLS (TLS being the S in HTTPS).

For example, asking a notary to generate a zk-SNARK attesting that https://instagram.com sent me a web page containing my username in the header. Thus, I can prove to the blockchain that I indeed own this Instagram account. And thanks to the privacy offered by zk-SNARKs, the rest of the web page doesn't need to be revealed.

This technology opens the door to a sea of new possibilities, and the one we're going to explore with this project concerns onramp/offramp, as ZKP2P did on Base, by proving the existence of electronic receipts on-chain.

Scope

Building the smart contract responsible for managing the funds and verifying the proofs.
Design and develop a web client with a meticulously crafted UX.
Exploring avenues for improving the protocol by breaking down offramp requests into multiple smaller onramps, and by incorporating reserves in order to improve UX (as always).
Exploring ways to decentralise the notary entity.

Hypothesis Testing

The project should be evaluated with potential users to compare the new onramp/offramp process against the existing ones, assessing whether they offer an improved experience.

Architecture

Project Continuation

Giving the project to the zkp2p team
Building a startup from it. A straightforward business model would be to take fees. But in order to have a decentralised set or notaries, the project could also legitimately launch its own token.

Benchmarks

Gas fees during onramp/offramp

jommi9 commented 8 months ago

I made a dupe, feel free to delete sorry https://github.com/orgs/keep-starknet-strange/discussions/17

jommi9 commented 8 months ago

needs a groth16 verifier on-chain

0xLucqs commented 3 months ago

Name proposition: PicSouk (it involves money => picsou and it's decentralised => souk)

keep-starknet-strange / backlog

ZKP2P for Starknet #12