1 year ago
ZK-proofs could assistance online privateness by lone revealing applicable idiosyncratic information, solving the internet’s “biggest problem,” says Brennen Schlueter.
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Zero-knowledge proofs could beryllium utilized to lick the “biggest problem” plaguing the net today: privacy, according to 1 cryptocurrency executive.
Speaking with Cointelegraph astatine the Ethereum Community Conference (EthCC) the selling main astatine privacy-focused infrastructure level Aleo, Brennen Schlueter, said portion ZK proofs person go a fashionable solution to supply blockchains with improved scalability done ZK-rollups, they person the imaginable to reshape the full internet.
ZK proofs alteration the transportation of accusation to instrumentality spot betwixt 2 parties successful which the originator lone needs to uncover applicable accusation to the receiver. For example, to beryllium an idiosyncratic is of property to participate a barroom without revealing their existent property oregon individuality to a information guard.
Schlueter said the modern net was not built to prioritize the privacy of its users.
“When information needs to alteration hands, erstwhile information needs to beryllium custodied, we’re ever going to person vulnerabilities there,” Schlueter explained successful the discourse of however easy a user’s privateness tin beryllium breached online.
Great vibes each astir astatine #InfraCon @EthCC yesterday!
From insightful panels connected ZK proofs to discussions connected increasing communities, I was each ears
Panel sessions often springiness distant escaped battle-tested advice, which is incredibly informative & often underrated. pic.twitter.com/dau6yy7XEd
ZK proofs lick this privateness contented for not lone Web3 but the full internet, according to Schlueter.
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“With zero-knowledge proofs, we tin really commencement to spot however information tin beryllium secured from the commencement by revealing the accusation that's required to know,” helium added.
“I deliberation it changes the way that we are going with the net broadly.”ZK-proofs could marque the lives of developers and information custodians overmuch easier, arsenic they’ll nary longer person to take betwixt creating a backstage situation oregon optimizing idiosyncratic experience, Schlueter explained, adding:
“Those 2 things are astatine warfare with the mode that we presently operation the internet.”Tiancheng Xie, the main exertion serviceman of ZK-powered interoperability level Polyhedra, told Cointelegraph that artificial quality tools whitethorn besides payment from privateness and censorship-resistant properties offered by ZK proofs.
“Scalable and connected,” added Tiancheng Xie, CTO of @PolyhedraZK pic.twitter.com/UYSCtcQcS7
— Cointelegraph (@Cointelegraph) July 19, 2023Schlueter said finance, individuality and gaming are different sectors benefiting from ZK proofs
He claimed that much fiscal institutions are looking to ZK solutions successful a bid to fortify privateness wherever the firms spot fit.
Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.
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Additional reporting by Zhiyuan Sun.
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