What Is zk-SNARKs and How Does it Work?

zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) is a method for proving the validity of a statement without revealing any information about the statement itself. It allows for the verification of the authenticity of a statement without requiring any interaction between the prover and verifier and without revealing any information about the statement. A specific implementation of zk-SNARKs is zk-Bulletproofs which improves upon the efficiency of the original SNARK construction, making it possible to use in practical applications. A practical…

What Are Zero Knowledge Proofs (ZKP)?

A zero-knowledge proof is a method by which one party (the prover) can prove to another party (the verifier) that a statement is true without revealing any information beyond the fact that the statement is true. This is achieved by using a set of cryptographic protocols that allow the prover to prove the statement to the verifier without revealing any information about it. The most common type of zero-knowledge proof is interactive proof, in which the prover and verifier engage…