zk-SNARKs and Their Use in Privacy Coins: A New Frontier for Secure Transactions Privacy is one of the major areas that blockchain technology is focusing on. The increase in the demand for anonymous financial transactions has made it so popular that people have begun opting for privacy coins. The basic foundation of this technology relies on zk-SNARKs, or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, which is a groundbreaking cryptographic technique in ensuring the privacy and security of transactions on a blockchain. In this article, we will look at what zk-SNARKs are, how they work, and why they’re so important in…
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