zkBTTC by mysticWeb3ians - Your Secret Transaction Companion 🤫

[mysticShub]

Hello @manfred_jr ,

Hope you are doing well.

So lets address your inquisitiveness

Question 1: How does the zkBTTC solution implement stealth addresses on the BTTC Blockchain? What encryption methods or cryptographic techniques are used to ensure the security of the transactions and privacy of the users?

Answer:
The zkBTTC solution implements stealth addresses on the BTTC Blockchain using a combination of cryptographic techniques to ensure transaction security and user privacy. Let’s break down the key steps and encryption methods involved:

1. Stealth Addresses Generation:

• Receiver, generates a root spending key (receiver private key) and computes a stealth meta-address (receiver public key or receiver’s address) using elliptic curve cryptography. This stealth meta-address (receiver’s address) becomes a publicly known identifier for the receiver on the blockchain.

2. Ephemeral Key Generation:

• The Sender, generates an ephemeral key (sender’s private key) which the sender keeps secret. This key is like a temporary secret code.

4. Shared Secret Creation:

• The Sender combines his ephemeral key (sender’s private key) with Receiver’s stealth meta-address (receivers public key) to create a shared secret (S). This shared secret is a private connection between Sender and Receiver.

5. Ephemeral Public Key Publishing:

• Sender creates an ephemeral public key (senders public key) from his ephemeral key (senders private key) and publishes it on a public registry. This public key can be seen by anyone.

6. Transaction Process:

• Sender sends funds to a stealth address, which is derived from the combination of his ephemeral key (senders private key) and Receiver’s meta-address (receivers public key).

7. Recipient’s Discovery:

• Receiver scans the public registry for ephemeral public keys (senders public key) and tries to unlock special addresses (stealth addresses) using his spending key (receivers private key) and the shared secrets (S). If funds are found in an address, Receiver can access them.

8. Address Ownership and Privacy:

• The transaction details are recorded on the blockchain, but the connection between the recipient’s real address and the stealth address remains private. This adds a layer of privacy by making it difficult for external observers to link transactions to specific recipients.

The cryptographic techniques used in this process include:

• Elliptic Curve Cryptography (ECC): This is used to generate private and public keys, compute shared secrets, and create addresses. ECC provides a secure way to perform mathematical operations that ensure transaction security and privacy.
• Hash Functions: Hashing is used to derive addresses from public keys and shared secrets. Hash functions are one-way functions that add an extra layer of security to the process.
• Public Key Registries: The public registry where ephemeral public keys are published allows participants (like Receiver) to scan and identify stealth addresses. This mechanism helps maintain privacy without revealing the actual recipient’s address.

The zkBTTC solution leverages these cryptographic methods to create a system where transactions are secure, and recipient privacy is preserved through the use of stealth addresses.

Question 2: How does zkBTTC align with the theme of the TRON Hackathon Season 5 (DeFi)? How does it contribute to the broader DeFi ecosystem on the BTTC Blockchain?

Answer:
zkBTTC aligns with the theme of DeFi (Decentralized Finance) by addressing a crucial aspect of DeFi transactions: privacy and anonymity. DeFi aims to provide open and permissionless financial services using blockchain technology. However, the transparency of blockchain transactions can pose privacy challenges, making it important to develop solutions that enhance privacy while maintaining the decentralized nature of DeFi.

Here’s how zkBTTC contributes to the broader DeFi ecosystem on the BTTC Blockchain:

1. Privacy Enhancement
2. Transaction Anonymity
3. Enhanced Security

zkBTTC introduces a unique privacy solution within the BTTC DeFi ecosystem. This innovation can set BTTC’s DeFi offerings apart from others, attracting users who value both decentralized financial services and privacy.

Question 3: How does the zkBTTC solution implement stealth addresses on the BTTC Blockchain? What encryption methods or cryptographic techniques are used to ensure the security of the transactions and privacy of the users?

Answer:
While zkBTTC’s primary focus is on utilizing stealth addresses for enhanced privacy, there are indeed potential avenues for incorporating additional layers of privacy or anonymity in the future. As the project evolves, zkBTTC may explore the integration of more advanced cryptographic techniques and privacy-enhancing protocols to further strengthen user privacy and prevent correlation or tracking of user activity over time.

I hope to have made your inquisitiveness reduced from 1000% to 100%, I guess .

Feel free to ask more questions.
Thanks

[mysticShub]

Hey @tanzhixuan , I hope this will make it more understandable.
If you still have questions please let me know I will try to make it explain using diagrams.

Thanks

[mysticShub]

@mysticShub

Hey @tanzhixuan , I hope this will make it more understandable.
If you still have questions please let me know I will try to make it explain using diagrams.

Thanks

Hey @tanzhixuan , I hope this will make it more understandable.
If you still have questions please let me know I will try to make it explain using diagrams.

Thanks

[mysticShub]

Good to hear buddy

[manfred_jr]

Thanks for replying and also taking the time to outline every details, it did satisfy my curiousity but didn’t quench my inquisitiveness, also thanks for squeezing in a little humor in the replies, I did laugh out loud. From your reply, here’s one-part of my assessment;

Ist part: zkBTTC’s alignment with the DeFi theme, particularly its emphasis on privacy enhancement, serves as a valuable contribution to the BTTC DeFi ecosystem. By addressing the challenge of transaction transparency, zkBTTC not only meets the privacy needs of users but also bolsters the attractiveness and competitiveness of the broader BTTC DeFi offerings. This brings me to my first question;

Given zkBTTC’s potential to attract privacy-conscious users to the BTTC DeFi ecosystem, how does the project intend to measure and communicate its impact on user adoption and transaction volume over time?

2nd part: The potential exploration of advanced cryptographic techniques and privacy-enhancing protocols suggests zkBTTC’s commitment to staying at the forefront of privacy technology. By continuously evolving and improving its solution, zkBTTC aims to maintain a high level of privacy for users, preventing any potential risks associated with long-term tracking or correlation.

In terms of addressing future scalability challenges, how does zkBTTC plan to ensure that incorporating additional privacy layers does not compromise transaction throughput or network performance on the BTTC Blockchain?

[maaz]

Checkout our project troncloak.com I read your description looking like you are gonna make something same or copy as our project but in bttc chain and with a different name…

[tanzhixuan]

Cloak address vs Stealth Address

[mysticShub]

I appreciate your engagement and interest in our zkBTTC project. I’d like to provide some clarifications on the matters you’ve raised.

It’s worth noting that while zkBTTC and troncloak may appear similar at a glance, a closer examination of the your codebase reveals distinct differences, especially concerning your approach to a sustainable business model. Currently, troncloak doesn’t have any revenue stream, correct me if I am wrong and also please elaborate how you are generating revenue, if you have any revenue, to sustain the platform. So its a big question on troncloak’s sustainabilty in the long run.

Also this question is a bit absurd as taking a reference from the cryptocurrency landscape, we can consider the case of Pancakeswap’s success on the BNB Chain alongside the existence of Uniswap on Ethereum. Similar to how Pancakeswap gained prominence by catering to the unique attributes and user base of the BNB Chain, zkBTTC is strategically tailored to address the specific needs and preferences of our target audience. This deliberate alignment positions us favorably for sustainable growth and popularity over the long term.

Also we have taken inspiration from Vitalik’s paper :

An incomplete guide to stealth addresses

If anyone’s interested do give it a read it’s very informative.

Your inquiries are valuable to us, and I am readily available to provide further insight and information.

Thank you once again for your engagement and interest in zkBTTC!

[mysticShub]

Hey @Gordian

Hope you are doing well.

Thanks for believing in zkBTTC’s vision to make BTTC Blockchain better.
Now coming to your queries, we are moving you to our clarifications support executive, oh that’s me .

Question 1: What are the technical challenges of implementing zkBTTC?

Answer:
Implementing zkBTTC and its privacy-focused features comes with several technical challenges. Some of these challenges include:

1. Key Management : Managing keys securely is a fundamental aspect of privacy solutions. Proper key generation, storage, and protection mechanisms need to be in place to prevent unauthorized access and potential breaches.

2. User Experience : While privacy is a key focus, it’s important to strike a balance between privacy and user-friendliness. Designing an intuitive and user-friendly interface for generating and using stealth addresses is essential for adoption.

3. Transaction Efficiency : Privacy solutions can sometimes introduce additional computational overhead and larger transaction sizes. Optimizing transaction efficiency while maintaining privacy is a challenge to ensure that zkBTTC remains practical for users.

4. Scalability : Just like a game that becomes more popular, zkBTTC needs to handle more and more players (transactions) without getting tired. It’s like making sure the game stays fun even when lots of people want to play.

Question 2: How does zkBTTC seek to support a large number of users, and getting to create awareness for your project?

Answer:

1. User-Friendly : zkBTTC wants to make sure everyone can join the party. We’re focused on making zkBTTC platform easy to use, so even if you’re new to the crypto world, you’ll feel right at home.

2. Educational Vibes : Sometimes people just need a little 101 to understand the cool stuff zkBTTC offers. We’re planning to roll out educational resources that break down the nitty-gritty details in a simple and fun way.

3. Feedback Loop : zkBTTC is open to feedback from its users. If folks have ideas, questions, or suggestions, we’re there to listen and implement. This helps us make the party even better and ensure everyone’s having a blast.

Question 3: How does zkBTTC address the trade-off between privacy model and security?

Answer:
If you look closely , zkBTTC is not trading off the security for privacy. While transactions on the zkBTTC users will get the same security as they were getting in doing normal transactions but on zkBTTC they will get an additional layer of privacy. It’s like having a sweet dish at the end of your meal .

Question 4: How does zkBTTC comply with regulatory requirements, what are the possibility of helping or not helping bad players with your project?

Answer:
zkBTTC takes regulatory compliance seriously and has a proactive approach to address potential concerns and ensure that the project operates within legal frameworks.

1. Legal Opinion : zkBTTC recognizes the importance of obtaining legal opinions from experts in relevant jurisdictions. While zkBTTC’s smart contract will be on the blockchain and code will be available on GitHub, we understand the need for legal clarity. This approach helps ensure that zkBTTC’s operations align with regulatory requirements.

2. Education and Ethical Use : zkBTTC places emphasis on user education and ethical use of our platform. By providing clear guidelines and best practices, zkBTTC will empower users to understand the boundaries of responsible and lawful usage.

3. Transparency : zkBTTC is committed to transparency about it’s operations and practices. This includes openly discussing our privacy features while being transparent about the boundaries and limitations.

4. Continuous Improvement : zkBTTC is open to adapting and evolving based on changing regulatory landscapes. We’re willing to make necessary adjustments to our platform to comply with any emerging regulations while still keeping the users at our priority and maintaining the privacy.

Thank you once again for your engagement and interest in zkBTTC!

[mysticShub]

Hey @fabsltsa

Hope you are doing well.

zkBTTC shares similarities with mixers like Tornado Cash in that it aims to enhance privacy and anonymity for blockchain transactions. However, there are important differences in how zkBTTC operates compared to traditional mixers:

1. Stealth Addresses: zkBTTC primarily relies on the concept of stealth addresses, which are derived from elliptic curve key pairs. These addresses allow users to receive funds without revealing their real addresses.

2. No Centralized Mixing Pool: Unlike traditional mixers where users pool their funds together and then withdraw them, zkBTTC’s approach involves generating new addresses for each transaction. This means there’s no central mixing pool where funds are mixed together.

In summary, while both zkBTTC and mixers like Tornado Cash share the goal of enhancing transaction privacy, zkBTTC’s approach is centered around stealth addresses and unique transaction addresses for privacy.

Thanks

[mysticShub]

Hey @manfred_jr ,

I am glad that I made you laugh .

Now coming to your questions:

Question 1: Given zkBTTC’s potential to attract privacy-conscious users to the BTTC DeFi ecosystem, how does the project intend to measure and communicate its impact on user adoption and transaction volume over time?

Answer:

1. Transaction Monitoring: We will monitor the number and value of transactions processed through zkBTTC over time by querying the transactions interacting with our smart contract on the blockchain. This includes tracking the volume of funds being sent throught zkBTTC, which will help gauge the level of adoption and usage.

2. User Surveys and Feedback: zkBTTC will engage with users through surveys, feedback forms, and community discussions to gather qualitative insights. User feedback will provide valuable information about their experiences, challenges, and suggestions for improvement.

3. Public Reporting: Regular reports and updates will be published on zkBTTC’s website and social media channels. These reports will highlight key performance indicators, adoption metrics, and milestones achieved by the project over specific time periods.

4. Community Engagement: Active engagement with the BTTC community through forums, social media, and events will foster a sense of community ownership and encourage users to adopt zkBTTC’s privacy features.

Question 2: In terms of addressing future scalability challenges, how does zkBTTC plan to ensure that incorporating additional privacy layers does not compromise transaction throughput or network performance on the BTTC Blockchain?

Answer:
Since BTTC Blockchain is a very fast and scalable blockchain we don’t think that it will be problem for us in the future but still we have some ideas as of now to tackle these issues.

Thank you once again for your engagement and interest in zkBTTC!

[Gordian]

Hey @mysticShub
Yes, I’m doing good.

Thanks for taking time to give a clarification on the outstanding Queries.
Oh you even the customer support.
Lol… Good.

Good, you have mentioned the challenges implementing zkbttc.
From your reply, I have this follow up questions on key management.

• What are the different key management schemes that can be used with zkBTTC with pros and cons?

• How can we ensure that the keys used for zkBTTC are secure?

About question 2, good to know that you would provide educational resources that will be beneficial to a newbies.
Trust the process or the promise will be kept even after the HACKATHON.

@mysticShub

zkBTTC is committed to transparency about it’s operations and practices. This includes openly discussing our privacy features while being transparent about the boundaries and limitations.

How does zkBTTC’s scalability compare to other blockchain protocols?

Keeping building .

[manfred_jr]

I did have fun reading through your response, very detailed and concise. Thanks for taking out the time to respond.

[mysticShub]

Glad to hear @manfred_jr
Now I think I will get a promotion .

[mysticShub]

Hey @Gordian

Question 1: What are the different key management schemes that can be used with zkBTTC with pros and cons?

Answer:
There are various key management schemes that can be utilized to enhance the security and usability.

But zkBTTC will be utilizing Hierarchical Deterministic (HD) Wallets key management mechanism with some additions.

Pros: HD wallets key mechanism allow users to generate an unlimited number of stealth addresses from a single root key. This simplifies key management, as users only need to backup and secure the root key. It also provides a seamless way to derive new keys and addresses.

Cons: If the root key is compromised, all derived stealth addresses could be at risk. HD wallets also require users to regularly back up their root keys to avoid data loss.

But the addition that zkBTTC will be implementing will eliminate this con as even if the other user has access to the master key, they won’t be able to withdraw the funds unless and until its the receivers original public address.

Question 2: How can we ensure that the keys used for zkBTTC are secure?

Answer:
The master seed is securely generated and will only be downloaded and stored by the user. There will be no one not even zkBTTC platform that will know the master seed or private key of the stealth address owned by the user.

Question 3: How does zkBTTC’s scalability compare to other blockchain protocols?

Answer:
zkBTTC is being built on the BTTC Blockchain, chosen for its fast and affordable transactions. By leveraging BTTC blockchain, zkBTTC offers users the benefits of privacy without sacrificing transaction speed or incurring high fees commonly associated with other privacy-focused solutions.

Thanks

[Youngyuppie]

Is there any measure set aside to distinguish the legitimate transactions from illegal activities?

@mysticShub

privacy of legitimate users, not to facilitate illegal activities.

[mysticShub]

Hey Youngyuppie

Hope you are doing well.

Regarding your concern about the legitimate users, we can’t determine or block any user from using our platform as the smart contract code will be on the blockchain and anyone can use it from there even if we block the address from using the platform from the frontend.

Thank you for your engagement and interest in zkBTTC!

[Youngyuppie]

Thank you for your response. And from what @Prince-Onscolo said, though keeping the transactions of users are very important in this space, such will surely give rise to fraudulent transactions and scam

[mysticShub]

Hey Youngyuppie

Hope you are doing well

I completely agree with you but pretty much everything has a positive and a negative side, it’s how we look and use it determines the outcome.

Feel free to ask more questions.
Thanks

[Prince-Onscolo]

we are more concerned about that because of the recent hacks. We can’t ignore it. It is with us now and we are finding a way to reduce it and be able to track them down. Don’t you think they will have a way around your dapp to do more harm?