Discover and read the best of Twitter Threads about #ZKPs
Most recents (7)
Zero Knowledge Proofs are a powerful tool that helps enhance security & privacy. There are several #ZKPs that systems can use. Here, we’ll look at zkSNARKs (SNARKs), zkSTARKS (STARKS) & Bulletproofs. No clear winner in academia or practical applications exists among these three. 
2/ SNARKs are known for their high efficiency and scalability. They allow for very short proofs & can be used to verify large amounts of data in a single computation. They are useful for a wide range of applications, including privacy-preserving transactions and authentication.
3/ Bulletproofs are a more efficient variant of SNARKs that use logarithmic-sized proofs. They shrink the size of the cryptographic proof and support proof aggregation. They are useful for applications that need proof verification on resource-constrained devices.
Everyone is talking about #ZK proofs these days. But what if I told you that there is a superior tech to #ZKP, already integrated in an L1 #blockchain, which is not even launched on exchanges yet? It's $MPC #Partisia! More details below.👀
First of all, what are #ZK proofs and how do they work? In a zero-knowledge proof, one party (the prover) can prove to another party (the verifier) that they know a certain piece of information, without revealing what that information is.
This is possible because the proof itself is a mathematical statement that is easy to verify but hard to replicate without knowing the original information. So, one of the main benefits of zero-knowledge proofs in crypto is the ability to enhance #privacy.
You won't find a clearer thread about ZK than this!
Let's go! 9🧵
#ZK #ZKP #ZKPs #web3 #blockchain #crypto #cryptomarket #cryptonews #zeroknowledgeproof
Let's go! 9🧵
#ZK #ZKP #ZKPs #web3 #blockchain #crypto #cryptomarket #cryptonews #zeroknowledgeproof
1/9 Have you heard about Zero-Knowledge Proofs (ZKPs)? #ZKPs are becoming increasingly important for ensuring privacy and security in various industries.
2/9 One of the key benefits of #ZKPs is that they allow for verification of info without revealing the underlying data. This is especially crucial in situations where sensitive information needs to be kept confidential, such as financial transactions or personal identification.
There’re two participants in #zkps: provers and verifiers. Provers provide ‘proofs’ of a statement, and verifiers verify it without giving additional information.
#ZKP is encryption on computation. After the encryption, a cryptography proof of the correctness or validity of the computation will be generated. It is this cryptography proof that allows a border Zero-knowledge application.
Thanks #ftx, #dex vs #cex debate is hot again in #crypto
I've spent many years thinking about #dex implementations & building prototypes.
Lets dive in a little & explore the possibility of replacing #exchanges with #decentralized alternatives today
A small thread 🧵
I've spent many years thinking about #dex implementations & building prototypes.
Lets dive in a little & explore the possibility of replacing #exchanges with #decentralized alternatives today
A small thread 🧵
1) Firstly we need throughput, lots & lots of it. A popular exchange such as @binance is likely performing 10,000s of trades per second across 100s of pairs.
A few years ago this kind of throughput was a dream, but not so much today 💪
A few years ago this kind of throughput was a dream, but not so much today 💪
Our consensus mechanism at #radix could handle that level of throughput, other projects are also approaching that tipping point too.
🧑🏫 time: zkAssets
Why did @MantaNetwork create #zkAssets, and what are they?
zkAssets are natively (on-chain) private crypto assets, guarded by zero-knowledge proofs. They contain all properties of normal crypto assets, and add a layer of configurable privacy. Some properties:
Why did @MantaNetwork create #zkAssets, and what are they?
zkAssets are natively (on-chain) private crypto assets, guarded by zero-knowledge proofs. They contain all properties of normal crypto assets, and add a layer of configurable privacy. Some properties:
🤸 Flexible Asset Types
zkAssets can be any asset type: fungible (eg tokens), non-fungible (eg #NFTs), and non-transferrable non-fungible (eg #soulbound)
zkAssets can be any asset type: fungible (eg tokens), non-fungible (eg #NFTs), and non-transferrable non-fungible (eg #soulbound)
🔒 Private by Default
The asset holder’s address, the nomination of the assets of each holder, and asset type are all natively encrypted on-chain, only to be seen if the holder chooses to show.
The asset holder’s address, the nomination of the assets of each holder, and asset type are all natively encrypted on-chain, only to be seen if the holder chooses to show.
🤔 What is @MantaNetwork's OpenZL? A thread >>
"Manta has recently launched #OpenZL... These initiatives are very important. As we spend more time on this tech, we should [think] about tooling."
@rahulmaganti_ from @jump_ spoke about it on @ZKValidator
youtube.com/clip/Ugkx6YA_K…
"Manta has recently launched #OpenZL... These initiatives are very important. As we spend more time on this tech, we should [think] about tooling."
@rahulmaganti_ from @jump_ spoke about it on @ZKValidator
youtube.com/clip/Ugkx6YA_K…
OpenZL is an initiative that we started at @MantaNetwork to make it easier for devs who aren't cryptography experts to build zero-knowledge proofs into their applications. We're making it easier for everyone to use #ZKP.
Current solutions for building fall under two categories:
Current solutions for building fall under two categories:
1) Build using high-level languages like Circom
❌ The disadvantage here is that you can't take advantage of performance optimization, so your application has a potentially worse user experience.
❌ The disadvantage here is that you can't take advantage of performance optimization, so your application has a potentially worse user experience.
