Blockchain, DeFi, Zero-Knowledge, AI and Finance. Blog written by Illya, an entrepeneur and engineer..https://illya.sh/blog/https://illya.sh/blog/posts/deposit-guarantee-scheme-japan-dia-dicj/https://illya.sh/blog/posts/deposit-guarantee-scheme-japan-dia-dicj/This article examines Japan's deposit guarantee scheme through an analysis of the Deposit Insurance Act (DIA) of 1971 and the Deposit Insurance Corporation of Japan (DICJ). It explores the DICJ's unique three-pillar structure encompassing deposit insurance, financial institution resolution, and system stability measures, comparing it with the EU's approach under Directive 2014/49/EU. The analysis covers the DICJ's governance framework, financial mechanisms, operational procedures, and historical interventions, including its pivotal role during the 1990s banking crisis and the 2010 Incubator Bank resolution. The article concludes by discussing potential systemic risks, particularly regarding Japan's reliance on debt-based resolution mechanisms and US Dollar exposure.Sun, 27 Oct 2024 10:10:10 GMThttps://illya.sh/blog/posts/privacy-is-a-myth-without-zero-knowledge-proofs/https://illya.sh/blog/posts/privacy-is-a-myth-without-zero-knowledge-proofs/Privacy is a fundamental human right, yet digital privacy is a myth. Zero-Knowledge Proofs (ZKPs) turn this myth into reality, by enabling inherently private data sharing through a verifiable computation model. Discover how ZK solutions like zkLocus, zkSafeZones, zkML, zkVM, Merkle Trees, MPC, and homomorphic encryption, enable privacy in all digita products - from search engines and social networks to e-commerce and 24/7 global surveillance, without compromising functionality or individual privacy.Sun, 26 May 2024 14:14:00 GMThttps://illya.sh/blog/posts/brics-cryptocurrency-blockchain/https://illya.sh/blog/posts/brics-cryptocurrency-blockchain/In this article we'll explain how proposed BRICS digital currency can be realized as a cryptocurrency, thus challenging the claims made in the 'Digital Money Options for the BRICS' paper. We'll explore how a public blockchain with smart contracts, combined with Zero-Knowledge Proof protocols like zkSNARKs and zkSTARKs, provides a natural fit for implementing the BRICS currency. We'll learn how the dynamic supply mechanism, legal compliance on-chain, and the integration with DeFi and zkLocus for authenticated private geolocation can be materialized. Discover how the BRICS nations can leverage these technologies for a more decentralized, interoperable, and efficient financial system aligned with Web3 principles.Sun, 28 Apr 2024 17:07:05 GMThttps://illya.sh/blog/posts/zksnark-zkstark-verifiable-computation-model-blockchain/https://illya.sh/blog/posts/zksnark-zkstark-verifiable-computation-model-blockchain/Dive into the world of zkSNARKs and zkSTARKs, and discover how these Zero-Knowledge Proof protocols enable a novel Verifiable Computation Model that surpasses the limitations of the Ethereum Virtual Machine. Learn about the key differences between the Linear and Constant Verifiable Computational Models, and explore real-world applications like zkLocus, which leverages recursive zkSNARKs to turn geolocation data into a programmable asset, and zkSafeZones, an initiative aimed at safeguarding civilians in conflict zones and automating legal compliance on the blockchain.Fri, 12 Apr 2024 20:24:00 GMThttps://illya.sh/blog/posts/zk-snarks-recursive-proof-private-intput-visibility/https://illya.sh/blog/posts/zk-snarks-recursive-proof-private-intput-visibility/In this blog post, we will explore the dynamic intersection of blockchain, privacy, and cryptography, focusing on the pivotal role of zero-knowledge proofs, especially zkSNARKs and their recursive variations. These innovative technologies are revolutionizing our approach to digital privacy and authenticity. Here, we delve into their practical applications, discussing their significance in Zero-Knowledge circuits, the Mina blockchain, and the O1JS framework. Additionally, we will examine how recursive zkSNARKs fuel applications like zkLocus, enabling users to authenticate and share their location while preserving privacy. By the end of this post, you'll have a comprehensive understanding of Zero-Knowledge applications, Zero-Knowledge ciructis, zkSNARKs, recursive zkSNARKs, and what exactly is visible to the verifier when a recursive proof is passed as a private input in a zkSNARKs circuit.Sun, 03 Dec 2023 20:08:00 GMThttps://illya.sh/blog/posts/zklocus-authenticated-geolocation-blockchain-zk/https://illya.sh/blog/posts/zklocus-authenticated-geolocation-blockchain-zk/This blog post introduces zkLocus, a pioneering Zero-Knowledge, on-chain, cross-chain, and off-chain application, offering a disruptive paradigm in private and verifiable geolocation sharing. It allows users to authenticate their presence in specific geographical areas without revealing exact coordinates. zkLocus brings geolocation data onto the blockchain. It offers native bridging, native rollup functionality, and infinite proof compression. zkLocus is built on recursive zkSNARKs, making it inherently open to customization and extension.Fri, 01 Dec 2023 06:01:00 GMThttps://illya.sh/blog/posts/the-codeumentary-blog/https://illya.sh/blog/posts/the-codeumentary-blog/Dive into the archive of The Codeumentary Blog. This reference guide offers a seamlesstransition to the new blog at illya.sh/blog, ensuring continued access to the insights and deep technical dives on Software Engineering and Computer Security. Explore the blog posts which have been revered in academic and professional circles, and access their summaries in one place. The backlink integerity of The Codeumentary Blog has been preserved.Thu, 16 Nov 2023 21:55:00 GMT