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…