The Kepler Privacy Platform LitePaper
Feb 13 · 4 min read
February 13, 2020
Kepler 2020 LitePaper
Kepler is a blockchain privacy platform that aims to release the first ever Confidential Assets on a MimbleWimble Blockchain. Our consensus mechanism is Proof-of-Work. If you’d like to see more, please visit our website: https://kepler.network as well as our documentation site at https://docs.kepler.network
You can check out our LitePaper here :
The Kepler LitePaper mentions:
- Privacy Protection on Blockchain
- Why Design Kepler
- What is Kepler
- Economic Model
- Future Work
Given the fact that Kepler is a MimbleWimble(MW) blockchain, privacy is one of the most important topics for Kepler, and this goes beyond “simple privacy”.
Let’s begin and explore some of the highlights of the Kepler LitePaper!
Confidential Transactions (CT)
CT were designed to restore privacy to blockchain transactions, as the LitePaper mentions, Bitcoin transactions aren’t private, they can be traced using publicly-available tools. The goal for CT is to restore privacy to blockchain transactions.
Native CT on Kepler MW
Privacy has been a major topic in blockchain technology in the past decade, there’s been several technological approaches towards providing true privacy, without sacrificing scalability and functionality. Over time, there was a loss of interest towards privacy technology on blockchain, that is, until MimbleWimble technology came along. Thanks to MimbleWimble, there is a way to improve privacy without sacrificing functionality, and in the meantime, MW allows for better scalability.
Remember, there are no addresses used in Kepler!
Confidential Assets (CA)
Perhaps one of the most exciting topics in recent blockchain development, it will allow users to create multiple asset types without exposing both the asset type and transaction amount publicly.
Moving towards the future of Privacy
The best way to launch Confidential Assets is on a blockchain built for privacy. Having semi-anonymous backbone infrastructure that cannot scale is not a good starting point for development.
CA already in Testnet
Our development team has been working for months and plans to launch a working test network soon. We will be release development updates regularly, and we encourage feedback.
WhitePaper coming up soon after the LitePaper
We chose a Proof-of-Work (PoW) consensus mechanism for a variety of reasons. This article could get lengthy if we go into too much detail, but we’ll discuss this a bit.
An ASIC PoW algorithm is fair for miners, even ones who invested in multiple graphics cards. There will always be a coin for them to mine with their hardware. Hashrate rental services even the playing field for everyone. Most individuals cannot mine as cheap as they rent because of electricity costs. Not to mention the upfront cost of the hardware, shipping, customs and other fees like cooling and electrical work. Renters like using these services because they don’t need to trust their mining pool nor do they have to take custody of their coins or pay exchange fees.
Cryptocurrencies are far more divisible than fiat currency. Think of it as a dollar with a million pennies. Finding an economic model that works is something polite society will never stop debating. The trick is to make currency scarce enough so that it has value, but rare enough that so that everyone has access to it.