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Zero-knowledge proofs - The first ray of hope to make #web3 transactions private while being secure and transparent
Read the Full thread
Read the Full thread
Basic concept - Proving something is true while allowing you to hold back the actual information being proved
Example - revealing that Apple is red without showing the Apple
DrawBack - Not an air-tight proof.
Can only minimize the probability of fault by repeated actions
Example - revealing that Apple is red without showing the Apple
DrawBack - Not an air-tight proof.
Can only minimize the probability of fault by repeated actions
2 Types
1. Interactive - Prover performers a series of actions to convince the verifier of a certain fact
2. Non-Interactive - Anyone can verify by themselves and hence the proof is transferable - used in zkSnarks
1. Interactive - Prover performers a series of actions to convince the verifier of a certain fact
2. Non-Interactive - Anyone can verify by themselves and hence the proof is transferable - used in zkSnarks
Innovation to make Zero-Knowledge usable by #blockchaintechnology
1. Decrease the size of Zk-proof
2. Reduce the time taken to generate the proof
3. Universal verifier to prove it all
4. Reduce the computation to generate zk-Proofs
1. Decrease the size of Zk-proof
2. Reduce the time taken to generate the proof
3. Universal verifier to prove it all
4. Reduce the computation to generate zk-Proofs
Problems Zero-Knowledge solves
1. Security and Privacy
2. OnChain Verifiability
1. Security and Privacy
2. OnChain Verifiability
Currently being used
@zcash - Prrivate Blockchain Trx
@StarkWareLtd - Making L2 scaling solutions
@aztecnetwork - In making private #Ethereum transactions
And many more...
@zcash - Prrivate Blockchain Trx
@StarkWareLtd - Making L2 scaling solutions
@aztecnetwork - In making private #Ethereum transactions
And many more...
