What is ZK-SNARK Algorithm?

What is ZK-SNARK Algorithm?

Crypto transactions are decentralized and not tied to anyone’s identity. However, they are still traceable because they are publicly available on the blockchain. Users who prefer privacy tend to avoid cryptocurrencies as the transactions are public.

ZK-SNARK, which stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, is a technology that enables users to keep their transactions private. It lets the users prove they have specific information without revealing it. ZK-SNARK is a part of the protocol for the famous cryptocurrency, Zcash.

The blog will shed light on privacy-focused zero-knowledge proof protocol, ZK-SNARK, how it works, examples, and more.

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