ZK-UBI
The ZK-UBI (Zero-Knowledge Universal Basic Income) on Swan Chain is an innovative implementation that blends a Universal Basic Income model with the privacy and efficiency of zero-knowledge proofs (ZKPs), underpinned by an embedded ZK market. This integration creates a self-sustaining and privacy-preserving ecosystem for participants who contribute computing resources.
Concept and Functionality
ZK-UBI Model: The ZK-UBI model within Swan Chain is a groundbreaking economic system designed to provide a guaranteed basic income to network participants. It leverages zero-knowledge proofs to validate the contributions of computing providers without revealing sensitive data.
Zero-Knowledge Proofs: ZKPs are a form of cryptographic protocol that allow one party (the prover) to prove to another party (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself.
Embedded ZK Market: Swan Chain integrates a specialized ZK market that serves as a platform for various blockchain protocols in need of ZK computation, such as Aleo, Filecoin, and StarkNet. This market is where tasks requiring ZK proofs are listed and sourced.
Workflow
Task Generation: Blockchain protocols that require ZK computations generate tasks. These could include private transaction verification for Aleo, proof-of-replication for Filecoin, or scalability solutions for StarkNet.
ZK-UBI Task Pool: The generated tasks are pooled into a ZK-UBI Task Pool, where they are made available to computing providers on the Swan Network.
Task Completion for Income: Computing providers on Swan Chain select tasks from the pool, complete the computations, and generate ZK proofs. By completing these tasks, they earn $SWAN, the native cryptocurrency of Swan Chain, as part of their UBI.
Proof Submission and Verification: Upon completion, providers submit their ZK proofs back to the Swan Chain for verification. This ensures the integrity and validity of the computations performed.
UBI Distribution: Once verified, the ZK proofs trigger the smart contract-based UBI system to distribute $SWAN to the computing providers, ensuring a steady income stream and incentivizing continuous participation in the network.
To get started as a ZK-UBI contributor, click here.
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