Cardano Founder Hoskinson Just Released A Free Book On Zero-Knowledge

bitcoinistPubblicato 2026-03-30Pubblicato ultima volta 2026-03-30

Introduzione

Cardano founder Charles Hoskinson has released a free, 357-page book titled "Proving Nothing: A Layered Guide to Zero-Knowledge Proof Systems" under a Creative Commons license. Designed as a non-technical introduction, the book uses a seven-layer framework to explain ZK systems, covering topics from cryptography and proof systems to private smart contracts and zkVMs. Hoskinson stated the project aims to address the low understanding of ZK technology and also serves as an introduction to Midnight, Cardano’s privacy-focused network. The book is intended to be a living document, with plans to update it as Midnight develops and new advancements emerge.

Cardano founder Charles Hoskinson has released a free book aimed at explaining zero-knowledge systems to a broader crypto audience, framing it as both an educational project and an on-ramp into Midnight, Cardano’s privacy-focused network. The linked GitHub repository shows the work is being published under a Creative Commons Attribution 4.0 license, while the latest public release is now titled Proving Nothing: A Layered Guide to Zero-Knowledge Proof Systems.

Cardano Founder Drops Free 337-Page ZK Book

In a March 27 livestream, Hoskinson said the project grew out of what he described as a “shockingly low level of understanding” around zero-knowledge proofs and ZK cryptography. “So I wrote a 337 page book over the last few months,” he said. He described it as a non-technical manual, though one that still contains a significant amount of technical material, built around a seven-layer framework for understanding how ZK systems are designed from setup and languages down to proof systems, cryptography, and the verification environment.

That structure is central to the pitch. The Cardano founder said the framework is meant to help readers “understand all ZK systems from that lens,” then move upward into adjacent privacy-enhancing technologies and, eventually, Midnight itself. The repository’s README makes the same case in more formal language, describing the book as a guide to “the entire zero-knowledge stack from the ground up” and arguing that ZK systems do not remove trust so much as decompose it into smaller, testable pieces.

The Midnight angle is not incidental. Hoskinson explicitly presented the book as “a good way of introducing Midnight to people,” and said one chapter is dedicated to the network, even if the broader work is designed as a general introduction to zero-knowledge.

He also said the book goes beyond the seven-layer model into private smart contracts, the Aleo-linked ZEXE model, Midnight’s Kachina system, zkVMs, STARK-to-SNARK pipelines, and the wider market landscape for privacy and proof systems.

That scope has already expanded since the version Hoskinson described on video. The GitHub release notes for v1.10, published on March 30, show the book was renamed from The Seven-Layer Magic Trick to Proving Nothing, and now ships in both EPUB and PDF formats. The file inventory in that release lists a 357-page dark-mode PDF, while the chapter notes show edits and additions across 14 chapters, including sections on zkVMs, market structure, eIDAS 2.0, rollups, and a more detailed Midnight case study.

Hoskinson also made clear that this is not a static publication. “This is the first edition, version 1.01,” he said in the livestream. “I’ll keep adding and changing and work on it throughout the weekends as more things come up and as more stuff in Midnight gets launched, I’ll add to this.” That matters because the book appears designed less as a one-off manifesto than as a living educational document tied to Midnight’s rollout and the broader commercialization of privacy tech.

At press time, Cardano traded at $0.2468.

Cardano hovers below key resistance, 1-monthly chart | Source: ADAUSDT on TradingView.com

Crypto di tendenza

Domande pertinenti

QWho is the author of the free book on zero-knowledge systems and what is the book's title?

AThe author is Charles Hoskinson, the founder of Cardano, and the book is titled 'Proving Nothing: A Layered Guide to Zero-Knowledge Proof Systems'.

QWhat was the primary motivation for Charles Hoskinson to write this book?

AHe was motivated by what he described as a 'shockingly low level of understanding' around zero-knowledge proofs and ZK cryptography, aiming to provide an educational resource for a broader audience.

QHow is the book structured to help readers understand zero-knowledge systems?

AThe book is built around a seven-layer framework that explains how ZK systems are designed, from setup and languages down to proof systems, cryptography, and the verification environment.

QWhat is the connection between this book and the Midnight network?

AThe book is framed as an educational on-ramp into Midnight, Cardano's privacy-focused network, with one chapter dedicated to it and the broader work designed to introduce people to the technology behind it.

QIs the book a static publication, and what is its current version and format?

ANo, it is a living document that will be updated. The current version at the time of the article is v1.10, and it is available in both EPUB and PDF formats.

Letture associate

Michael Saylor: Bitcoin Halved, My Digital Credit is Making Money

Michael Saylor discusses Bitcoin, digital credit, and corporate treasury strategies in a recent roundtable. He explains that while Bitcoin remains "digital capital" with no counterparty risk, its ~40% annual volatility makes it unsuitable for most institutional and retail capital. To attract this capital, he advocates for Bitcoin-backed "digital credit" and "digital currency" products. These offer low volatility against fiat currencies, generate yield, and compete with traditional money market funds, stablecoins, and other yield-bearing crypto assets. Saylor clarifies that these products are not meant to replace direct Bitcoin ownership but to onboard capital that otherwise wouldn't enter the Bitcoin ecosystem. He provides examples: during a period when Bitcoin fell 50%, his company's digital credit products (STRC, SATA) delivered positive returns of 3-4%, demonstrating their ability to strip out ~90% of Bitcoin's volatility. He frames "digital currency" as a fiat-referenced, yield-bearing, stable-value asset backed by Bitcoin, designed to meet the needs of the global capital pool. This approach, he argues, can expand the Bitcoin network's reach by 10x to 100x more effectively than pure education. The discussion also covers corporate finance for Bitcoin treasury companies. Saylor argues that equity issuance is not inherently dilutive if done above net asset value per share and if the acquired asset (Bitcoin or cash) supports future value creation. He distinguishes between debt with maturity dates and hybrid capital like preferred shares (e.g., STRC), which offer issuer options and do not force liquidation. Evaluating these companies requires modeling based on future Bitcoin price and volatility assumptions, not relying on a single metric like mNAV (market-adjusted net asset value). The business models are still evolving, and investors must analyze full disclosures to form a complete view.

marsbit43 min fa

Michael Saylor: Bitcoin Halved, My Digital Credit is Making Money

marsbit43 min fa

Getting Ahead of the Tide and Drowning First: The Fall of 'Crypto x AI' Pioneer ai16z

"ai16z, an early pioneer of the 'crypto x AI' narrative, has officially shut down. In late 2024, its token launch sparked a massive speculative frenzy around AI Agent tokens, briefly propelling the project to a $2.6 billion valuation. However, by 2026, as functional AI agents from companies like Anthropic and OpenAI became mainstream reality, the crypto-native AI projects built largely on hype began to collapse. The founder of its underlying project, Eliza OS, announced the termination in a bitter post, citing legal threats from token holders and a depleted foundation. He expressed disillusionment with the crypto community, contrasting it with the 'optimistic' builders in pure AI. While the Eliza framework itself remains active as open-source software—ironically with contributions from AI like Claude—the token-dependent venture failed. The story highlights a core flaw: the crypto market often prices narratives far ahead of functional technology. When the promised AI future arrived, it was delivered by traditional tech companies with sustainable business models, not token projects. The episode suggests the initial path of 'tokenizing AI concepts' is broken. However, integration may still occur in reverse—with AI tools enhancing crypto analytics and trading—or in coordinating real resources like decentralized compute, as seen in projects like Bittensor and Render."

marsbit1 h fa

Getting Ahead of the Tide and Drowning First: The Fall of 'Crypto x AI' Pioneer ai16z

marsbit1 h fa

Changxin Rejects Apple's Price Pressure, Prices Not Lower Than Samsung and SK Hynix, Apple Loses Pricing Power

Apple recently attempted to negotiate lower-priced DRAM procurement deals with China's CXMT (ChangXin Memory Technologies) compared to its agreements with Samsung and SK Hynix but was rejected. CXMT stated its prices would not be lower, and could even be higher, than those of the South Korean suppliers. This refusal is attributed to CXMT's production capacity being largely secured by long-term contracts with major domestic clients like Huawei, Xiaomi, OPPO, Vivo, and Chinese internet giants. Consequently, CXMT feels no pressure to meet Apple's stringent terms. The backdrop is a significant surge in memory prices driven by the AI boom. As Samsung and SK Hynix shift more production capacity towards high-margin High Bandwidth Memory (HBM) for AI servers, the supply of conventional DRAM has tightened, causing prices to skyrocket. This has drastically increased the bill-of-materials cost for devices like iPhones, pressuring Apple's profits. Apple's traditional strategy of leveraging multiple suppliers for price competition has weakened, as memory makers prioritize more profitable AI-related orders. CXMT's confidence stems from achieving technological parity. Its DDR5 and LPDDR5X products have reached mass-production yields above 90%, closely matching Samsung's performance. With technical gaps closed, CXMT no longer competes solely on low prices. Furthermore, Chinese companies are wary of the risks associated with over-reliance on Apple's supply chain, citing cases like OFILM and Wingtech, which suffered severe losses after being removed from or impacted by US sanctions. This event signals a shift in the semiconductor industry's power dynamics. The AI-driven demand has transformed the market from buyer-centric to supplier-centric, where control over scarce, advanced production capacity grants pricing power. For Chinese semiconductor firms, the episode marks a transition from being low-cost alternatives to becoming equal suppliers with their own pricing authority, backed by domestic demand and technological advancement. Apple's loss of leverage with a mainland supplier underscores this changing era.

marsbit1 h fa

Changxin Rejects Apple's Price Pressure, Prices Not Lower Than Samsung and SK Hynix, Apple Loses Pricing Power

marsbit1 h fa

Trading

Spot

Articoli Popolari

Come comprare ADA

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Cardano (ADA) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente CardanoADA.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Cardano (ADA)Dopo aver acquistato Cardano (ADA), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Cardano (ADA)Scambia facilmente Cardano (ADA) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

1.4k Totale visualizzazioniPubblicato il 2024.12.10Aggiornato il 2026.06.02

Come comprare ADA

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di ADA ADA sono presentate come di seguito.

活动图片