Today I checked the charts and saw BTC perp funding rates hit a 20 month high while price is still stuck near $64K. Traders paying up for a move that hasn't shown up yet. Not what I want to talk about. I want to talk about a tree.
A Merkle tree is how you prove one thing belongs to a huge pile of things without showing the whole pile. Dusk stores every private transaction record, called a note, as a leaf in one of these trees. To spend a note, you prove it's really in there, without saying which leaf it is. That's the whole privacy trick.
Here's the part that keeps me honest about this stuff. Back in February, a security firm found a bug in the proof system Dusk uses to check those trees. It let someone fake a note that was never really there and mint tokens from nothing. They proved it on a test copy of the network and actually minted coins out of thin air. @Dusk fixed it within a day of being told.
That's the real story with crypto infrastructure. It breaks sometimes. What matters is how fast someone fixes it and how honest they are about it after. Don't trust a privacy chain because the tech sounds smart. Trust the ones with a track record of getting caught and fixing it fast.
#dusk $DUSK
A Merkle tree is how you prove one thing belongs to a huge pile of things without showing the whole pile. Dusk stores every private transaction record, called a note, as a leaf in one of these trees. To spend a note, you prove it's really in there, without saying which leaf it is. That's the whole privacy trick.
Here's the part that keeps me honest about this stuff. Back in February, a security firm found a bug in the proof system Dusk uses to check those trees. It let someone fake a note that was never really there and mint tokens from nothing. They proved it on a test copy of the network and actually minted coins out of thin air. @Dusk fixed it within a day of being told.
That's the real story with crypto infrastructure. It breaks sometimes. What matters is how fast someone fixes it and how honest they are about it after. Don't trust a privacy chain because the tech sounds smart. Trust the ones with a track record of getting caught and fixing it fast.
#dusk $DUSK