You can prove you know a secret without revealing it—this seemingly magical concept is quietly transforming the blockchain world.
Have you ever thought that you can prove to someone that you possess certain information without revealing that information to them? This is the wonder of Zero-Knowledge Proofs (ZKPs). As we enter 2024, this cryptographic technology has moved from academic ivory towers to practical applications, becoming a powerful tool to address two major challenges in blockchain—privacy protection and transaction scalability.
According to CoinGecko data, by early May 2024, there are already 40 crypto projects based on zero-knowledge proofs in the market, with a total market capitalization exceeding $21.27 billion. This figure clearly indicates that ZKP has evolved from a niche technology to a mainstream force.
The three pillars of ZKP: integrity, reliability, and confidentiality