ZKProof

Welcome to the world of cryptocurrencies! As you dive deeper, you'll come across various terms and concepts that may seem complex at first. One such concept is Zero-Knowledge Proofs (ZK Proofs) . In this blog post, we'll break down what ZK Proofs are and how they are used in the world of cryptocurrencies. What is a Zero-Knowledge Proof? A Zero-Knowledge Proof (ZK Proof) is a method used in cryptography where one party (the prover) can prove to another party (the verifier) that they know a value or a piece of information without revealing the information itself. This might sound a bit confusing, so let's use an example to make it clearer. Example of a ZK Proof Imagine you have a friend who has a secret code to open a locked door. You want to be sure they know the code, but you don't want to know what the code is. They can prove to you that they know the code by unlocking the door without showing you the code. This is the essence of a ZK Proof – ...