Given the current monopolization of financial systems, a new economic framework to eliminate middlemen is arguably paramount, to help prevent corruption and maintain fairness.
Blockchain technology was originally intended to serve this purpose and more, however, in its present state, the blockchain does not completely eliminate centralization, censorship or dictatorship.
Decentralized systems offer a profound solution, with the promise of transforming our digital and financial systems through various on-chain and off-chain consensus mechanisms.
Zero Knowledge (ZK) is a cryptographic concept offering secure solutions for privacy, interoperability and scalability, which enhances our digital interactions. Zero Knowledge proofs can offer privacy functions to ensure sensitive information is never exposed during certain processes that demand it, whereas succinct proofs can enhance scalability and interoperability between blockchains.
Robust and sophisticated frameworks for secure verifiable computation with succinct proofs are being developed by projects like ZKM.
ZKM is fully open source and available for anyone to build upon leveraging a zkVM based on the MIPS instruction set. The project is heavily research based, pioneering a different way to address verifiable computing to enable a more connected blockchain experience.
ZKM aims to significantly enhance and cohere the decentralized internet in an unparalleled way, using its advanced Entangled Rollup design; a new trust-minimized multi-chain interoperability infrastructure.
A zero-knowledge Virtual Machine is a program that can run other programs, implemented as a circuit for a Zero Knowledge proof system.
ZKM designed their zkVM, zkMIPS, primarily for blockchain and related technologies, to facilitate verifiable computation and secure communication channels, ensuring the integrity and consistency of data across different platforms.
Microprocessor without Interlocked Pipeline Stages is a reduced instruction set computing (RISC) architecture. The use of the MIPS architecture aligns perfectly with ZKM’s ultimate vision of incorporating zkVM into various digital domains that extend beyond blockchain, such as IOT. The MIPS architecture is minimal, resulting in a relatively straightforward code conversion from higher level languages.
Never place your fate in the hands of a middleman if you can go directly to the source. DAC Economy serves a broader vision of a Self-Sustaining Decentralized Economy (SSDE).
A prototype developed by the ZKM chief scientist, Ming Guo, DAC Economy proposes a total transformation of our current social constructs and monetary systems, instead gearing towards an economic system based on 'real value' by autonomously and equitably rewarding a broad spectrum of community contributions through decentralized protocols.
Decentralized Autonomous Company (DAC) is a transformation of the ill shaped internet, dominated by large corporations. DAC is a specialization of DAO (Decentralized Autonomous Organization), an entity enabled by blockchain technology.
The practice of DAO in reality has been quite limited compared to its supposed meaning and potential. DAC pushed the envelope of the idea of DAO to be more decentralized, egalitarian and universal - with the formation of the DAC Economy.
This transforms how decisions are made, and how trust is established and maintained. This purpose sinks deeply into the heart of decentralization, examining its implications not only for the technology sector but for society at large.
A new future is upon us. If history ever taught us anything, it is that you never get what you wished for – you get double what you wished for. Such is the temperament of destiny in our quest for a decentralized future – the double edged curse became a double blessing – gone from the worries about centralization came the excitement of a new breed of blockchain economy.
