DEFI(NE)

Heard on the Block: "zero-knowledge proofs"

Snacks / Tuesday, March 07, 2023

šŸƒ Like convincing the table you weren't bluffingā€¦ without showing your cards

What if you wanted to prove to someone that you werenā€™t a criminal without revealing your identity? In cryptography, zero-knowledge proofs are a mathematical way to prove a claim is true without showing the actual data backing it up.

Smart contract Tornado Cash was sanctioned over concerns that criminals used it to launder stolen crypto. But now a new Tornado Cash fork called Privacy Pools is using zero-knowledge proofs to show that anonymous crypto transactions aren't tied to crime.

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