[The significance of protocol v25 introducing BN254 encryption and Poseidon hash algorithm]
Protocol V25 introduces BN254 and Poseidon, which equips Pi Network with a “privacy computing engine”. This is not only a routine update in technology, but also the strategic cornerstone of its move from "mining network" to "programmable privacy public chain".
The combination of these two technologies brings significant changes:
★Core advantage: Breaking the paradox of “transparency” and “privacy”
· BN254 Elliptic Curve: As a "mathematical safe" with zero-knowledge proof, it realizes the auditability of data on the chain and the absolute confidentiality of personal privacy. Users can demonstrate "qualification" without revealing who they are. · Poseidon hash algorithm: A "data fingerprint" optimized for zero-knowledge proofs, allowing mobile phones to quickly generate proofs, significantly lowering the threshold for building privacy applications.
★Changes brought about: from "feature machine" to "smart machine"
· Developer-friendly: Migrating existing ZK applications is smoother, and DApps that truly protect user privacy can be easily built. · Users control data: Users have “autonomy” of data and achieve “minimized disclosure”. · Ecological application upgrade: paves the way for the implementation of complex business scenarios such as DeFi, identity authentication, and supply chain.
★Importance to the future of Pi Network
· Removing compliance obstacles: Zero-knowledge proof is a "passport" to meet stringent data regulations such as EU MiCA and US CLARITY, providing technical endorsement for obtaining compliance licenses and opening legal currency channels.
· Laying the cornerstone of Web3: filling in key underlying shortcomings and deeply integrating Soroban smart contracts, allowing Pi to truly have fully automatic on-chain execution capabilities.
★Build competition barriers: Seize the "privacy track" position in mainstream public chains, lay the foundation for attracting developers and high-quality projects, and build a differentiated ecology.
All in all, the combination of BN254 and Poseidon allows Pi to find a balance between "privacy protection" and "regulatory compliance."
This provides an essential technical foundation for its evolution from a huge community of 60 million users into a truly implementable, scalable, and compliant global Web3 ecological platform.
Do you understand the importance of the V25 protocol?