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update explainer with Ruben's nullifier trick
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nothingmuch authored Aug 27, 2020
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Expand Up @@ -126,11 +126,10 @@ The cryptographic counterparts in the above analogy are as follows:
the credential was issued.
- The fake moustaches represent
[Tor](https://en.wikipedia.org/wiki/Tor_\(anonymity_network\))
circuits through which the users to connect to the coordinator as
circuits through which the users connect to the coordinator under
pseudonymous network identities.
- Setting the envelopes on fire is a bit of a looser analogy. First,
it represents serial numbers added to the credentials (another
Pedersen commitment in each credential), which must be revealed to
it represents serial numbers for to the credentials (derived from the randomness in the commitment), which is used to
prevent double spending. Secondly, it gives an intuition for the
homomorphic property of the value commitments which simplifies
proving that the value commitments add up to the correct input and
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