MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data
Guy Zyskind, Oz Nathan, and the MIT Media Lab have developed a system to encrypt data in a way that it can still be shared and used without being decrypted. "To keep track of who owns what data—and where any given data’s pieces have been distributed—Enigma stores that metadata in the bitcoin blockchain, the unforgeable record of messages copied to thousands of computers to prevent counterfeit and fraud in the bitcoin economy." Enigma needs a fairly large base of users to operate securely, so its creators have proposed requiring a fee for anyone who wants data processed in this way. That fee would then be split among the users doing the processing. Those with encrypted datasets on the Enigma network could also sell access to datamining operations without letting the miners see the unencrypted data.
One less moo and you would have made first post.
Kind of confusing summary? If I'm reading the article correctly...
They found a way to distribute a computationally expensive technique known as homomorphic encryption using some of the technology we already use with bitcoins. The homomorphic encryption technique itself allows you to perform calculations on/with encrypted data without ever decrypting it.
The blockchain is already close to 40 GB in size, and now people want to store all sorts of other data (or metadata) in it. I can see this getting out of hand rather quickly.
Miners won't be able to store the entire chain anymore, so only a few archival nodes will still have it. Just how secure and accessible will your metadata be then?
Ultra?
I'm joking of course but considering the historical significance of the name Enigma as a cypher that was spectacularly hacked to divulge crucial war secrets, it might not have been the best PR to call their project that name.
Rename.
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
Bitcoin already uses 5000 times the energy visa does to record a financial single transaction. If parasites learn to use the bitcoin network for their own computations, that will get even worse.
http://motherboard.vice.com/re...
Sorry, but this time you're just wrong without stipulation. The whole point of homomorphic encryption and computation is the computor never has the key and the data is never decrypted. It remains encrypted throughout the computation.
They are doing this and then they're also doing a second thing, distributing the computation which is an ortho. concern to the homomorphic encryption and computation, in theory at least, if not in this implementation.
Homomorphic encryption is counter-intutitve to most of us. I had never heard about it until a few months ago. At first glance, it seems like a thing that can't be true; like relativity.