seach-icon
  • user-img

    Vikshita Vitthal Gujaran in OBOSWAP

    17-Feb-2023 06:45 AM


    thumbnail

    What Is Zero-knowledge Proof and How Does It Impact Blockchain?

    The author is Kenny Li, co-founder of Manta Network, a programmable privacy Layer 1 protocol powered by zero-knowledge proof technology.
    Zero-knowledge proof (ZKP) is a cryptographic technology that allows the truth of a piece of information to be verified without revealing the information itself.
    This way, she will be satisfied that you really know the secret code.
    You ask your friend to hold the two balls behind their back before displaying one.
    With the rise of blockchain technology and cryptocurrency, there is a growing need for a way to verify transactions without revealing sensitive information — a need ZKPs can meet.
    Another major development in zero-knowledge proofs is the increased focus on scalability and performance via zkRoll-ups.

    Source - https://academy.binance.com/en/articles/what-is-zero-knowledge-proof-and-how-does-it-impact-blockchain
    $Qtoken #Qoneqt #QTO #Oboswap #zkRollups #zeroknowledge #dApps #DeFi #blockchain #Decentralization #proofofstake #Ethereum #Binance #Polygon #Bitcoin #Cryptocurrency #CryptocurrencyNews