UTB Bot, short for United TeleBot, is a fully-automated currency app that allows Telegram users to buy, sell, and store cryptocurrencies. The application functions similarly to most crypto wallets, enabling cost-free deposits, withdrawals, and conversions. In addition, however, it comes with a user incentive in the form of a daily return, regardless of external conditions. Telegram has become one of the most popular messaging apps in recent years, reaching over 700 million users. Notably, the Telegram community increased by 200…
ZKP
What Is zk-STARKs and How Does It Work?
Zk-STARK is a type of zero-knowledge proof, which allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any information about it other than that it is indeed true. Zk-STARKs use a specific type of zero-knowledge proof called a succinct non-interactive argument of knowledge (zk-SNARK), which allows for very short and easy-to-verify proof sizes. A practical example of a use case for zk-STARKs is verifying a complex computation, such as a…
3 weeks ago 79 views
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…
3 weeks ago 95 views