What exactly is "trust" on the blockchain? This is a question worth pondering.
Looking at the current mainstream L2 solutions, the trust relationships are actually quite fragile — you have to hope that the sequencer operation team won't censor transactions, won't manipulate with black boxes, and won't experience system outages. In simple terms, this is placing risk on individuals, which is fundamentally unacceptable to institutional investors.
One idea is to readjust the trust anchor points. Instead of trusting people, it's better to trust mathematics and cryptography. The logic behind @0xMiden's solution is exactly this — the entire system is designed so that you don't need to trust any intermediaries at all. All you need are verifiable, transparent, and independently verifiable zero-knowledge proofs. In this way, trust shifts directly from "personality" to "mathematics," and the stability is completely on a different level.
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GasFeeGazer
· 01-11 12:58
Honestly, I stopped trusting the L2 trust model a long time ago. Sequencer reviewing transactions is bound to cause problems sooner or later.
Mathematical trust sounds pretty hardcore, but it depends on whether Miden can actually be implemented. There are too many theoretical concepts on paper.
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NonFungibleDegen
· 01-11 12:58
so basically we're just replacing "trust the team bro" with "trust the math" lmao... except when the math breaks 💀
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MEVSandwichMaker
· 01-11 12:51
The sequence people say if you don't believe it, then don't believe it. The key is that math can't deceive people.
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BagHolderTillRetire
· 01-11 12:29
That's right, L2 is indeed a paper tiger now, and the sequence generator group holds the power of life and death.
People can't be trusted; mathematics is the true friend.
The zero-knowledge proof approach is good, but it's too brain-intensive.
I feel that Miden's approach is the key to breaking the deadlock.
What exactly is "trust" on the blockchain? This is a question worth pondering.
Looking at the current mainstream L2 solutions, the trust relationships are actually quite fragile — you have to hope that the sequencer operation team won't censor transactions, won't manipulate with black boxes, and won't experience system outages. In simple terms, this is placing risk on individuals, which is fundamentally unacceptable to institutional investors.
One idea is to readjust the trust anchor points. Instead of trusting people, it's better to trust mathematics and cryptography. The logic behind @0xMiden's solution is exactly this — the entire system is designed so that you don't need to trust any intermediaries at all. All you need are verifiable, transparent, and independently verifiable zero-knowledge proofs. In this way, trust shifts directly from "personality" to "mathematics," and the stability is completely on a different level.