Bitcoin's latest upgrade is here!
The mainnet has just verified its first Zero-Knowledge (ZK) proof!
Now some might be confused on what exactly Zero-Knowledge proof is - I've got you covered, This is a cryptographic method that allows one party to prove to another that a statement (transaction) is true (within blockchain) without revealing any additional information.
This breakthrough enhances privacy and efficiency in transactions makes Bitcoin more functional without changing its base layer.
Now you can verify transactions without revealing any details on Bitcoin's Lightning Network Protocol. This upgrade also enhances capabilities of smart contracts on Bitcoin.
This is the first permission-less upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork (soft fork = a change to the blockchain protocol without affecting the previous blocks in the chain).
This paves the way for developers to build on Bitcoin more efficiently and enable true decentralization, this upgrade makes Bitcoin's network even more powerful and efficient making it a strong competitor to Ethereum and Solana.
Exciting times ahead! đ
