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Why’s everyone so excited about the possibilities of zk-SNARKs?
What makes them believe it’s a paradigm change in how we interact with each other in the 21st century?
The only way to figure that out is to look at the actual utilities of #zkSNARKs – A thread 🧵👇
What makes them believe it’s a paradigm change in how we interact with each other in the 21st century?
The only way to figure that out is to look at the actual utilities of #zkSNARKs – A thread 🧵👇
Zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) are a truly ingenious method of proving that something is true without revealing any other information.
Let’s have a look at zk-SNARK utilities. These can be broadly classified into four categories: ⏬
Let’s have a look at zk-SNARK utilities. These can be broadly classified into four categories: ⏬
#1: Anonymous authorization
Anonymous authorizations using zk-SNARKs can prove that one owns a monthly pass to a subway/metro without revealing the card’s ID.
Or prove that one is in a list of allowed countries/states without revealing from which one exactly.
Anonymous authorizations using zk-SNARKs can prove that one owns a monthly pass to a subway/metro without revealing the card’s ID.
Or prove that one is in a list of allowed countries/states without revealing from which one exactly.
