Tech

What is Zero Knowledge Protocol in Blockchain: Explained


The Zero Knowledge (ZK) protocol is a privacy-preferred verification method that allows two parties to participate without having to reveal any personal information to complete a transaction. In recent days, the buzz surrounding these ZK protocols seems to have increased in the blockchain arena. For instance, recently former Tornado Cash developer Ameen Soleimani said he is creating a new crypto mixing platform that will allow users to verify their identity through zero-knowledge proofs. . With this, users will be able to prove that they are not affiliated with any notorious cybercriminal group without sharing any personal details like phone number or email id to use the mixer upcoming cryptocurrency.

ZK protocols basically get all transactions secured on blockchain via cryptography — this is a way of protecting information in complex codes to prevent information against malicious actors.

ZK verification usually takes place between two parties — the prover and the verifier.

In ZK-enabled protocols, the prover needs to confirm that they have knowledge of the information they are trying to access without revealing any details about their identity.

This is how the ZK protocol works

Completeness and reasonableness are two criteria that verifiers need to verify in order for verifiers to authenticate their access, Binance Academy said in a statement. parcel.

To meet the completeness criteria, the voucher will need to provide accurate relevant information on the topic.

To check for correctness, the speaker must be able to predict whether the speaker actually holds the requested information.

“No-knowledge protocols work using intelligent mathematical techniques and interactive processes. It’s a way to build trust and maintain privacy at the same time. In the coming days, ZK protocols will become more popular as a feature of the blockchain as they enhance privacy and security while increasing the scalability of the network,” said blockchain architect. Rohas Nagpal tell Gadgets 360.

Usecase of the ZK protocol

Websites and powered by blockchain dApps can implement ZK protocols to eliminate the need for users to reveal personal credentials to enter their ecosystem.
The Zcash cryptocurrency uses zero-knowledge proofs to facilitate transactions with another layer of privacy and anonymity. To process transactions in the Zcash altcoin, the sender and receiver addresses as well as the transaction amount are hidden from the public blockchain.

Than Web3 platforms are now incorporating the ZK protocol to verify that their users are neither bots nor authorized to access its platform. ZK protocols can not only help developers save costs, but they can also add more security to transactions.

worlda crypto unicorn, is using zero-knowledge cryptography in a software development kit provided to blockchain developers.

ZK protocols can also add safety and privacy to file system controls, memory protection, and data security.


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