Enhancing privacy in blockchain: the role of zero-knowledge evidence in secure transactions
We live in an information world where data is the new oil. As a result, anything is possible with data. This data-driven reality brings with it a great deal of responsibility, particularly to ensure the protection of personal and sensitive information. #Blockchain technology is a powerful tool where transparency is more important than privacy. While transparency is important for trust in decentralized systems, the ability to disclose sensitive data is not always desirable, especially in applications involving sensitive transactions or personal data.
To overcome these limitations, developers have implemented a number of privacy-enhancing technologies such as Zero Knowledge Proof (ZKP), zk-SNARK, privacy coins such as #Monero and Zcash, and advanced encryption techniques such as Homomorphic Encryption (HE).
So, let's get started! You probably think blockchain is the most secure and transparent option in the technology space, right? However, it still has some drawbacks. Take #bitcoin , for example. It is a transparent currency (public blockchain). Your address is an alias. But it has drawbacks too! Miners have access to the data in the blockchain. It's scary, isn't it?
To avoid such cases, we choose an option that increases privacy: let's take a look at ZPks!
What is a zero-knowledge proof?
A zero-knowledge proof is a cryptographic protocol in which there is a verifier and a verifiable. In this case, the prover must prove the truth of the statement to the verifier without revealing any facts or information other than the truth of the statement.
Let's understand this more intuitively by looking at a practical
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