Core Idea:
Zero-Knowledge (zk) technology allows one party to prove that they know or possess certain information without revealing the information itself.
Key Components:
ZK-Proofs: Cryptographic methods enabling private verification.
ZK-SNARKs / ZK-STARKs: Popular zk systems — SNARKs are smaller and faster but require a trusted setup; STARKs are more transparent and scalable.
ZK-Rollups: Layer-2 scaling solutions that bundle (roll up) multiple transactions off-chain and post a single proof on-chain, ensuring both privacy and cost efficiency.
Advantages:
Enhances privacy and security.
Reduces gas fees through scalability.
Strengthens trustless interactions in DeFi and Web3.
Use Cases:
Private transactions (e.g., zkSync, Aztec).
Scalable blockchains (e.g., StarkNet, Scroll, Polygon zkEVM).
Identity verification without data exposure.
