Crypto-Follow logo Crypto-Follow logo
TheBlock 2022-02-09 21:43:49

An overview of zero knowledge projects

Quick TakeZero knowledge projects utilize zk proofs to compress data and reduce the computation required for verifiers to validate transactionsThe two main value propositions for utilizing zk proofs are scaling transaction throughput and conferring privacy for usersApart from the notable names like StarkWare and Matter Labs, there are a number of zk-based projects which have seen increased media attentionUnlike StarkWare and Matter Labs, there are some zk-based blockchain projects which have decided to build their own layer 1 chainsMany of these zk-based projects have innovative use cases for validity proofs, which allows them to invent some unique features in the blockchain domain

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer