PurePay

Peer to Peer payment network with encrypted transactions on @Solana. Proof of Graph.

[PurePay @PurePayNetwork]

Proof of Graph converts the Byzantine General's problem into the Byzantine Soldier's problem. Each client is also a validator. More decentralized. Now transactions can be encrypted. Senders share keys directly with receivers.

[PurePay @PurePayNetwork]

If the receiver of the transaction is also the validator, the need for zK disappears.

[PurePay @PurePayNetwork]

Simplicity is really hard, especially on blockchains.

[PurePay @PurePayNetwork]

@solana It's a good day to believe in Encrypted transactions.

[PurePay @PurePayNetwork]

@NickyScanz @solana @BedrockFndn @metaplex @MetaDAOProject @backabledotbiz @colosseum @craftsdev @seedplex_io We want to raise directly on @solana

[PurePay @PurePayNetwork]

During BackTrace, for Mike's client to validate Alice's past transactions chain, it must be able to decrypt ALL Alice's past transactions with everybody else. To facilitate this, each transaction contains the keys to the previous transaction allowing the "back trace".

[PurePay @PurePayNetwork]

Proof of Graph converts the Byzantine General's problem into the Byzantine Soldier's problem. Each client is also a validator. More decentralized. Now transactions can be encrypted. Senders share keys directly with receivers.

[PurePay @PurePayNetwork]

Each transaction is encrypted with a random symmetric key. Alice's client creates an encrypted transaction on chain and then shares the encryption key directly with Mike's client. Mike's client (validator) does validation BackTrace and then creates a receipt on chain.

[PurePay @PurePayNetwork]

@solana True but will it be private/encrypted? Will the whole world see all the transactions?