#Blockchain space has seen a lot of progress in the past decade.
But its goal to be a decentralized financial platform, empowering billions of people is not yet a reality
But there is one piece of tech that could scale blockchains to achieve this
Let's talk about zk-Proof 🧵👇
zk-Proof (ZKP) is a cryptographic technique which was proposed by MIT researchers—Silvio Micali, Shafi Goldwasser, and Charles Rackoff—in the 1980s.
Micali along with Goldwasser later received the “Turing award” for their outstanding contributions in the field of #cryptography.
So what is a zero-knowledge proof?
It is a cryptographic technique
- where one party (The Prover) can prove that a specific statement is true to the other party (The Verifier)
- without disclosing any additional information
- apart from the fact that the statement is true