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Cryptographic concept that allows one party (the prover) to prove to another party (the verifier) that they know a specific piece of information without revealing the actual information itself.
🔹In the future, decentralized apps (dApps) are getting safer and easier to use, all thanks to Zero-Knowledge Proofs (ZKPs).
🔹Major players in dApp development and numerous Ethereum Layer-2 chains are rolling out ZKPs to seamlessly integrate features.
-> Benefits of Zero-Knowledge Proofs in the Crypto Industry:
Curve founder Michael Egorov has borrowed $95.7M in stablecoins, primarily crvUSD, using $141M in CRV as collateral across five accounts on five different protocols.
At current rates, he is spending $60M annually to maintain these positions on Llamalend. $CRV