What is Zero-Knowledge Proofs(ZKP)

Zero-Knowledge Proof in Blockchain

What is Zero Knowledge Proofs(ZKP)
What is Zero Knowledge Proofs(ZKP)
Where to Implement Zero Knowledge Proof in Blockchain System?
Where to Implement Zero Knowledge Proof in Blockchain System?

What is Zero-Knowledge Proofs(ZKP)

Zero-knowledge Proof is an encryption scheme proposed by MIT researchers. It is a digital protocol that allows for data to be shared between two parties without the use of a password or any other information associated with the transaction.

It is a type of cryptography that keeps the details of a transaction hidden.

Each transaction has a ‘verifier’ and a ‘prover’. In a transaction using ZKPs, the prover attempts to prove something to the verifier without telling the verifier anything else about that thing.

Benefits of Zero-Knowledge Proofs(ZKP):

  • It is simple to use & does not involve any complex encryption method.
  • It does not require anyone to reveal any sort of information
  • The messages delivered might be destroyed or modified.
  • It should reveal nothing else to the verifier.
  • It ensures the validity of blockchains.

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Where to Implement ZKP in Blockchain System?

  • Messaging: With the Zero Knowledge Proof, will be able to build an end-to-end trust in the messaging world without leaking any extra information.
  • Authentication: ZKP facilitates transmitting sensitive information like authentication information with better security as It build a secure channel for the users to employ their information without revealing it.
  • Sending Private Blockchain Transactions: It helps in making it impossible to hack or intercept the private blockchain transactions.
  • Security for Sensitive Information: ZKP adds a high-end security level to every block containing sensitive information & when a user requests for information then only information gets disclosed thus making it protected.

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