A16z introduces “Cicada”,: An Ethereum library enabling anonymous voting

TL;DR Breakdown

  • Andreessen Horowitz, also known as A16z, a venture capital firm, has released a Solidity library that can be used for anonymous voting on Ethereum called “Cicada.”
  • Cicada uses time-lock puzzles, a sort of encryption that lets users encrypt secret values that can only be decoded after a certain amount of time.
  • According to the A16z post, Cicada uses these homomorphic puzzles, allowing votes to be counted even if users go offline.

Andreessen Horowitz unveils “Cicada,” a library that enables untraceable voting on Ethereum. An anonymous voting Solidity library for Ethereum has been made available by venture capital firm Andreessen Horowitz, popularly known as A16z. The library, under the name of “Cicada,” keeps polling place choices a secret until after the polls close. 

Anonymous voting on Ethereum with A16z’s “Cicada” library

According to a blog post by A16z engineer Michael Zhu on May 24, it can also render the voter’s identity eternally unknowable when paired with zero-knowledge group membership systems like Semaphore.

According to Zhu, Cicada uses time-lock puzzles, a cryptography that enables users to encrypt personal values that can only be deciphered after a predetermined time.

Since 1996, these puzzles have been available. However, before 2019, they would have mandated users to disclose their values when the period had passed. This interfered with the ability of voting systems to count all the votes cast by users who submitted their ballots before going offline.

Giulio Malavolta and Aravind Thyagarajan, two cryptographers, introduced the idea of “homomorphic” time-lock puzzles in 2019. This made it possible to combine the riddles into one that was simpler to solve than the total of the different puzzles. The final riddle can only be solved by knowing the sum of the various values rather than the individual ones.

The A16z post claims that Cicada uses these homomorphic problems to keep track of votes even when users are not online.

Cicada implements zero-knowledge proof verification, protecting voting integrity

A16z researchers encountered a challenge when attempting to adapt Malavolta and Thyagarajan’s approach to the blockchain: Each option has to be encoded as a boolean value of “1” or “0.” As a result, attackers could attempt to enhance their voting strength by encoding votes improperly, for as, by encoding “100” as the value.

To address this issue, Cicada mandates that each ballot be accompanied by a zero-knowledge proof of its legitimacy, according to the post. Without disclosing the vote’s content, the proof demonstrates that the vote was appropriately encoded.

Only while the poll is being performed can votes be concealed by cicadas. By brute-forcing the answer to the riddle after the “poll has closed” or the time-lock period has gone, anyone can discover the results of a vote. 

However, Cicada can be used in conjunction with zero-knowledge group membership systems like Semaphore, Semacaulk, or zero-knowledge state proofs to alleviate this issue, according to A16z. Solving the riddle by brute force will only show that a valid voter cast a ballot; it won’t show the identification documents used to verify the voter’s eligibility.

Zhu sent the URL to a sample Cicada contract that uses Semaphore to validate voter eligibility as an illustration.

Decentralized autonomous organizations (DAOs), the governing bodies that frequently oversee blockchain applications, have long included voting methods in their structures. However, as DAOs typically employ tokens to represent votes, a user’s power may be excessive if they control a significant amount of tokens. 

For instance, on May 22, a hacker gained control of Tornado Cash by casting extra votes on a nefarious proposal, which he then used to siphon off all the money from the governance contract. Later, the attacker made the offer to return control to the users.

Sasha Ivanov, the founder of Waves, has proposed that if governance hacks like these are to be prevented, DAOs must switch to a more democratic voting method. On Twitter, Zhu admitted that on-chain voting is “not ready for high stakes real-world use cases yet,” but he voiced optimism for further development.

Many blockchain projects now feature governance structures that depend on on-chain voting. For instance, the stablecoin project Maker employs on-chain voting to choose the composition of its reserves and other decisions. In contrast, Uniswap and other DeFi platforms use on-chain governance to decide which blockchains to deploy.

A16z Enters Optimism Collective with Rollup Client Magi

A16z, a crypto venture capital fund, also unveiled Magi, a layer 2 OP Stack solution. A roll-up client (consensus layer) developed in Rust is the newest offering from a16z and represents the company’s entry into the Optimism Collective.

Magi serves as a consensus client and feeds new blocks to the execution client at the execution layer of Ethereum to advance the chain. Magi was created independently to increase the client diversity of rollup and replace op-nodes. In addition, the a16z team intends to enhance Magi with new sync techniques, support for alternate data availability layers, tracking the unsafe head (unconfirmed blocks), and better frameworks.

The a16z team is hopeful that Magi, even as a novel approach, might become a workable substitute for op-node after a few months of development. Op node is a Go-based implementation for roller clients supported by Op Labs.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:A16z introduces “Cicada”,: An Ethereum library enabling anonymous voting

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月30日 02:12
Next 2023年5月30日 03:00

Related articles

  • Ark Invest files for spot Ethereum ETF

    Description Sometimes the investment world receives a jolt that reminds everyone just how rapidly the financial landscape is evolving. Enter the scene: Ark Invest. Teaming up with 21Shares, the duo boldly declared their intent to debut the first-ever U.S.-based Ethereum ETF that would provide direct exposure to Ether – the crypto world’s silver. The move? Undeniably … Read more Sometimes the investment world receives a jolt that reminds everyone just how rapidly the financial landscape is evolving. Enter the scene: Ark Invest. Teaming up with 21Shares, the duo boldly declared their intent to debut the first-ever U.S.-based Ethereum ETF that would provide direct exposure to Ether – the crypto world’s silver. The move? Undeniably audacious. The impact? Potentially colossal. A Direct Investment Strategy: Because Why Not? Recent rumblings in the finance sphere have whispered of Ether futures spot-ETFs. But Ark Invest, never one to tiptoe around the edges, took it up a notch. Their strategy to directly hold Ether isn’t just gutsy—it’s unprecedented. And let’s be clear; this is no mere attempt to offer yet another crypto product. This is…

    Article 2023年9月7日
  • Liquity price analysis: LQTY steps down to $1.34 as selling pressure rises

    TL;DR Breakdown Liquity price analysis is strongly bearish today. Resistance is present at $1.42. The support for LQTY is present at $1.21. Today’s Liquity price analysis leans towards bears, driven by an observed decrease in price. The market follows a bearish trend, facing losses as the price remains below $1.45 and descends to $1.34. The strengthening bearish momentum suggests a possible further decline. LQTY/USD 1-day price chart: Bearish sentiment prevails as Liquity price analysis points to a decrease in value. The bearish trend confirmed in the latest one-day Liquity price analysis is causing the price to decline once again. At the time of writing, the LQTY/USD pair is trading at $1.34 as selling pressure dominates the market and bearish momentum resurfaces. Despite this, the crypto pair still shows a 3% increase over the last 24 hours and impressive gains of 13% over the past week. Additionally, the trading volume has risen by 52%, resulting in a market dominance of 0.01%. lqt1dfr The volatility is on the rise, with the upper limit of the Bollinger bands at $1.94 and the lower…

    Article 2023年5月18日
  • Banking sector on edge as FCA examines savings rates

    Description The drama surrounding savings rates in the UK’s banking sector is reaching a fevered pitch. The Financial Conduct Authority (FCA) – the watchdog for these financial powerhouses – has stepped into the arena, casting a shadow of apprehension over numerous banks and building societies. The message? It’s high time the scales tilt in favor of … Read more The drama surrounding savings rates in the UK’s banking sector is reaching a fevered pitch. The Financial Conduct Authority (FCA) – the watchdog for these financial powerhouses – has stepped into the arena, casting a shadow of apprehension over numerous banks and building societies. The message? It’s high time the scales tilt in favor of the savers. The Weight of NS&I’s Monumental Move To add fuel to this already heated environment, National Savings & Investments (NS&I), the stalwart backed by the state, unleashed a bombshell. They’ve decided to up the ante, revising the rate on their one-year fixed bond, rocketing it to an eye-popping 6.2%, a significant climb from its prior 5%. And guess what? This isn’t just any ordinary leap….

    Article 2023年9月3日
  • Google Cloud welcomes over 10 new blockchains

    TL;DR Breakdown Google Cloud integrates 11 high-demand blockchains into its BigQuery data sets. Users can now easily access data like asset transfers and token popularity without operating nodes. Google Cloud’s blockchain history includes support for Bitcoin, Ethereum, and six other chains added in 2019. Description In an era where the virtual continues to dominate, Google Cloud makes yet another unapologetic stride in the crypto realm. By adding 11 more blockchains to its public data sets on BigQuery, this tech behemoth isn’t simply keeping pace with the industry’s demands. They’re defining them. But let’s break this down, shall we? The Newcomers … Read more In an era where the virtual continues to dominate, Google Cloud makes yet another unapologetic stride in the crypto realm. By adding 11 more blockchains to its public data sets on BigQuery, this tech behemoth isn’t simply keeping pace with the industry’s demands. They’re defining them. But let’s break this down, shall we? The Newcomers Avalanche, Arbitrum, Cronos, Ethereum Goerli, Fantom, Near, Optimism, Polkadot, Polygon, Polygon Mumbai, and Tron are the fresh faces now gracing Google Cloud’s…

    Article 2023年9月23日
  • Cardano Unveils Enhanced Hydra Version: A Potential Catalyst for ADA’s Price Surge?

    TL;DR Breakdown Cardano’s latest Hydra v0.12.0 upgrade offers enhanced node synchronization, new API endpoints, and improved on-chain performance, aiming to attract Web 3.0 developers and researchers. Following the release of the Hydra upgrade, ADA’s price has seen a 1.51% increase, hinting at a possible positive price trajectory influenced by the platform’s continuous innovations. Description The cryptocurrency landscape is ever-evolving, with innovations and upgrades being the order of the day. One such significant development is Cardano‘s recent unveiling of its upgraded Hydra scaling solution. This move could be the spark that ignites a bullish run for ADA’s price. Cardano, a leading name in the blockchain sphere, has announced a pivotal … Read more The cryptocurrency landscape is ever-evolving, with innovations and upgrades being the order of the day. One such significant development is Cardano‘s recent unveiling of its upgraded Hydra scaling solution. This move could be the spark that ignites a bullish run for ADA’s price. Cardano, a leading name in the blockchain sphere, has announced a pivotal upgrade to its Hydra scaling solution. A prominent Cardano developer, Sebastian Nagel, relayed…

    Article 2023年8月21日
TOP