The ZCash cryptocurrency is the first widespread application of zk-SNARKS: a form of zero-knowledge cryptography. The technology allows for shielded transactions to be fully encrypted on the blockchain yet still be verified as valid through consensus rules by using zk-SNARKS proofs.
zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.
“Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.
What are your thoughts on the possibility of Tron (TRX) implementing the privacy protocol on its network? Please let us know in the comment section below.
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