As computer technology continues to improve in the digital age, we can now readily store, share, and analyze enormous amounts of business and personal data online, raising concerns about rights. Privacy and data security are also improving.

Zero-knowledge proof is a type of cryptography. According to the ZKP theory, a prover party must demonstrate to the verifier that the information he provides is accurate without sharing any real-world details.

#zkp offers freedom and choice for consumers who seek control and independence over their information. By combining ZKP and #blockchain technology, several use cases can be handled.

Interactive and non-interactive zero-knowledge proofs are also available.

Interactive zero-knowledge proofs (IZKPs) need a back-and-forth exchange of questions and answers between a prover and a verifier. This interaction may take place offline or online through a network like the Internet. The verifier must have several contacts with the verifier before it may ask for further details about the claim being proved. The prover must answer to the verifier's question in each round.

For some huge problems, this interactive proving method is feasible, but it raises issues with time and computing cost and requires cooperation from all participants.

On the other hand, non-interactive zero-knowledge proofs (NIZKPs) do not require communication between the prover and the verifier. Instead, the prover creates a solitary piece of independent evidence that the verifier may independently examine without the need for additional communication. This may be more convenient and effective than interactive proofs because the prover and verifier need not need to be online at the same time or exchange a lot of messages.

Interactive proofs take longer to analyze and communicate than non-interactive proofs. Yet, there are situations when it may not be practical, such as when more details are required for proof or for demonstrating a very convoluted argument.

One of the key differences between interactive and non-interactive zero-knowledge proofs is the level of confidence required between the prover and verifier. In an interactive proof, the verifier must have faith that the prover will adhere to the rules and provide truthful responses to their questions. As opposed to interactive proofs, non-interactive proofs allow the verifier to independently examine the proof without relying on the prover's information.

The best approach for a given situation will depend on the needs and constraints. Both interactive and non-interactive zero-knowledge proofs offer benefits and drawbacks.

Interactive proofs may be more appropriate in instances when the prover and verifier are both online and can readily converse.

Non-interactive proofs, on the other hand, may be more appropriate in instances when the prover and verifier are not both online at the same time or the trustworthiness of the prover is questionable. Finally, interactive and non-interactive zero-knowledge proofs are often selected based on particular challenges and application situations.

Interactive zero-knowledge proof is one of the earliest studied and most often used zero-knowledge proof forms. Throughout this proving process, there will be several rounds of interaction between the prover and the verifier.

Irequires interactions between provers and verifiers, which might be time-consuming and ineffective. The prover and verifier must communicate extensively in order to finish the proof. This could be a problem in situations where speed is essential, such high-frequency trading or real-time decision-making.

For instance, if a young shopkeeper becomes suspicious, you must enter the establishment to buy alcohol, but you are unable to prove your age by anything other than your outward look. At this stage, you'll need to describe using the voiceover how to buy alcohol.

The IZKP presupposes that both the prover and the verifier are telling the truth and won't try to falsify or change the evidence. Nevertheless, this is not always the case, and the prover may try to trick the verifier by sending false cues or altering the evidence in some other way. This can compromise the validity of the evidence and make it less useful.

Simply put, you're not old enough to drink, but you're still trying to argue that point with words. Such a situation would be devastating.

Hence, despite IZKPs' high security and privacy guarantees, their widespread adoption has been constrained by the aforementioned shortcomings.

Zero-Knowledge Succinct Non-Interactive Knowledge Argument is also known as ZK-SNARK. The following traits apply to the ZK-SNARK protocol:

Verifiers with zero information may certify the truth of a statement without knowing anything else about it. The only thing the verifier knows about the claim is whether it is true or false.

In a word, the zero-knowledge proof is simpler than proof and can be shown quickly.

Non-interactive proofs are distinguished from interactive proofs by the fact that provers and verifiers only communicate once, as opposed to interactive proofs, which entail many rounds of communication.

Argument: Since the evidence meets the requirement of ‘rationality,’ fraud is very unlikely.

(Of) Knowledge: It is difficult to produce a zero-knowledge proof without access to sensitive information. A prover with no witnesses will find calculating a valid zero-knowledge proof very difficult, if not impossible.

The user must have faith in the participants who create the parameter in order to use the trusted setup. Yet, the development of ZK-STARK has made it possible to demonstrate protocols that function in uncertain environments.

Zero-Knowledge Scalable Transparent Argument of Knowledge is referred to as ZK-STARK. ZK-STARK and ZK-SNARK are identical save for the following points:

Scalable: When the size of the witness is bigger, ZK-STARK generates and verifies evidence quicker than ZK-SNARK. Using STARK evidence, the prover and verifier times rise just minimally as the witness number grows (SNARK prover and verifier time increases linearly with witness size).

Transparency: Instead of building trust, ZK-STARK relies on publicly verifiable randomization to produce public parameters for proof and verification. As a result, they are less opaque than ZK-SNARK.

More verification costs are likely because ZK-STARKs generate larger proofs than ZK-SNARKs. #ZK-STARK may, nevertheless, be more economical than #ZK-SNARK in some situations (for instance, verification of massive datasets).

#ZK-STARKs are founded on the basis of brief, interactive proofs, which indicates that proofs may be swiftly verified without needing any interaction between the prover and verifier. Because of this, the advantages of ZK-STARKs in terms of security and scalability are better.

Zero-knowledge-proof technologies will  continue to develop and be employed as technology improves.

While blockchain offers decentralization, transparency, and many other benefits, using addresses rather than identities alone does not guarantee privacy.

Zero-knowledge-proof #technology offers a wide range of applications for privacy and security verification. While it is not a new technology, there are still many new things to learn and demonstrate via practice in its application to the development of the blockchain industry.

Hello Binancians

Today in my article, I will briefly talk about MANTA Network and explain how to mint the latest products zkBAB. If MantaNetwork does #Airdrop these will be important.

Manta Network is the zk layer 1 blockchain that brings programmable privacy to the web3, has the fastest attestation speed and the most decentralized reliable setup. A suite of core products and technologies, including ZkNFTs and MantaPay, offers user-friendly access to powerful ZK-enabled use cases.



What is zkBAB?

A game changer when it comes to online authentication, zkBABs are private, on-chain verifiable references to the real user identity.

More than 34,000 real and KYC verified users have minted #zkBAB since launch. BABTs do not have privacy protection.

If you show your BABT, you disclose your wallet address as well as the cryptocurrencies of all NFTs and the transaction history in that wallet. With zkBAB you can still prove your Binance verification without revealing any of this information.

https://www.binance.com/en/BABT?source=header

What is BAB Token?

Binance Account Linked (BAB) tokens are the identity information of Binance users who have completed their authentication.

How to mint $BAB token?

I'm leaving a video from Binance Turkish Twitter account below:

https://twitter.com/Binance_Turkish/status/1643251304511295491?s=20



Install your Manta Wallet:

https://chrome.google.com/webstore/detail/manta-wallet/enabgbdfcbaehmbigakijjabdpdnimlg

Connect Metamask and Manta Wallet to the NPO platform from the following site:

https://npo.manta.network/calamari/sbt?&utm_campaign=zkBAB&utm_medium=Influencer&utm_term=Turkey&utm_content=Ekin+Albayak

Mint zkBAB with a free gas fee!

Get a small amount of $KMA for free to cover the zkBAB token mint fee. After connecting your wallets (MetaMask and Manta Wallet) and optionally receiving $KMA, the final step is to mint your zkBAB. To do this, simply click the **Mint** button on the right side of the Free Mint panel.



I also leave the detailed zkBAB Mining Guide below:

https://mantanetwork.medium.com/minting-zkbabs-are-live-81ca0f12b84c

#originalcontent #Binance #mantanetwork #zkp

The Shanghai Update is a major and far-reaching change to the Ethereum protocol, which is an important part of the development of Ethereum 2.0. With the merger, Ethereum has successfully switched from Proof-of-Work to Proof-of-Stake. The upgrade is designed to make significant improvements to the Ethereum network, including increasing transaction throughput and reducing gas fees. One of the main beneficiaries of these improvements is expected to be layer 2 scaling solutions, which provide a way for Ethereum to handle more transactions without overburdening the main network. In this comprehensive guide, we’ll take a closer look at the top Ethereum layer 2 coins and how they might be impacted by the Ethereum Shanghai Upgrade.

Polygon (MATIC)

Polygon is a popular layer 2 scaling solution that uses sidechains to enable faster and cheaper transactions on the Ethereum network. The upgrade is expected to significantly improve the performance and scalability of Polygon. This is because the upgrade includes the implementation of the EIP-1559 protocol, which will help to reduce gas fees and improve the overall efficiency of the network. This is good news for Polygon users, as it will make transactions faster and cheaper, and make the network more accessible to a wider range of users. The Polygon is one of the top Ethereum layer 2 coins.

EIP-1559 implementation in the Ethereum Shanghai Upgrade could reduce gas fees and increase the efficiency of transactions on Polygon.

Faster and cheaper transactions on Polygon after the upgrade could attract more users to the platform.

The upgrade could improve the scalability and performance of Polygon, making it a more attractive option for developers and businesses.

The upgrade could make Polygon more competitive with other layers 2 scaling solutions.

Improved performance and efficiency could increase demand for MATIC tokens, potentially driving up their value.

Optimism (OPT)

Optimism is another layer 2 scaling solution that uses optimistic rollups to enable faster and cheaper transactions. The upgrade is expected to have a positive impact on the Optimism network, as it will help to reduce gas fees and increase transaction throughput. This is because the upgrade includes improvements to the Ethereum Virtual Machine (EVM), which is the engine that powers the Ethereum network. These improvements will help to make the Optimism network more efficient and scalable and could attract more users to the platform.

Improvements to the Ethereum Virtual Machine (EVM) in the Ethereum Shanghai Upgrade could make Optimism more efficient and scalable.

Lower gas fees after the upgrade could make transactions on the Optimism network cheaper and more accessible.

The upgrade could increase the throughput of the Optimism network, allowing it to handle more transactions.

Improved performance and scalability could make Optimism more competitive with other layers 2 scaling solutions.

Optimism’s value proposition as a fast, low-cost alternative to Ethereum could become more attractive to developers and businesses after the upgrade.

Arbitrum (ARB)

Arbitrum is a layer 2 scaling solution that uses rollups to enable faster and cheaper transactions. The upgrade is expected to help increase the scalability and security of the Arbitrum network. This is because the upgrade includes improvements to the Ethereum state tree, which is used to store data on the Ethereum network. These improvements will help to make the state tree more efficient, which will in turn help to improve the performance and security of the Arbitrum network.

Improvements to the Ethereum state tree in the Ethereum Shanghai Upgrade could make Arbitrum more efficient and secure.

Lower gas fees after the upgrade could make transactions on the Arbitrum network cheaper and more accessible.

The upgrade could improve the scalability and performance of Arbitrum, making it a more attractive option for developers and businesses.

Improved security could make Arbitrum more trustworthy and reliable for users.

The upgrade could increase demand for ARB tokens, potentially driving up their value.

zkSync (ZKS)

zkSync is a layer 2 scaling solution that uses zero-knowledge proofs to enable faster and cheaper transactions. The upgrade is expected to have a positive impact on the zkSync network, as it will help to improve the performance and security of the platform. This is because the upgrade includes improvements to the Ethereum storage layer, which is used to store data on the network. These improvements will help to make the storage layer more efficient, which will in turn help to make zkSync more scalable and secure.

Improvements to the Ethereum storage layer in the Ethereum Shanghai Upgrade could make zkSync more efficient and scalable.

Lower gas fees after the upgrade could make transactions on the zkSync network cheaper and more accessible.

The upgrade could improve the security of zkSync, making it a more reliable option for users.

Improved performance and scalability could make zkSync more competitive with other layers 2 scaling solutions.

Increased adoption of zkSync could increase demand for ZKS tokens, potentially driving up their value.

Loopring (LRC)

Loopring is a layer 2 scaling solution that uses zkRollups to enable faster and cheaper transactions. The upgrade is expected to help increase the scalability and security of the Loopring network. This is because the upgrade includes improvements to the Ethereum consensus algorithm, which is used to verify transactions on the network. These improvements will help to make the consensus algorithm more efficient, which will in turn help to make Loopring more scalable and secure.

Improvements to the Ethereum consensus algorithm in the Ethereum Shanghai Upgrade could make Loopring more efficient and secure.

Lower gas fees after the upgrade could make transactions on the Loopring network cheaper and more accessible.

The upgrade could improve the scalability and performance of Loopring, making it a more attractive option for developers and businesses.

Improved security could make Loopring more trustworthy and reliable for users.

Increased adoption of Loopring could increase demand for LRC tokens, potentially driving up their value.

Conclusion

The Ethereum Shanghai Upgrade is expected to have a positive impact on the top Ethereum layer 2 coins, as it will help to increase their scalability, security, and efficiency. This is good news for users of these platforms, as it will make transactions faster and cheaper, and attract more users to the network. However, it’s important to note that the impact of the upgrade on these platforms is speculative, and may vary depending on various factors. As always, it’s important to do your research and consult with a financial advisor before making any investment decisions.

#originalcontent #Web3 #Layer2 #zkp #dyor