Let’s dive into the technical variations of ZKP. (Part 1)
Are you ready to explore the exciting world of Zero-Knowledge Proof (ZKP) and its potential to revolutionize Web3? Let’s dive into the technical variations and use cases of ZKP across different industry verticals with APAC DAO.
Web2’s data breaches have raised concerns about privacy protection. Web3’s focus on privacy makes it a game-changer, and ZKP is the technological enabler. Let’s explore how ZKP can revolutionize Web3 across different industry verticals.
There are two types of ZKP protocols: interactive and non-interactive. Non-interactive ZKP is more prominent as it’s much more scalable. The two main types are zk-SNARK and zk-STARK. zk-SNARK preceded zk-STARK, which was developed to address scalability issues. It off-chains computing effort and reduces gas fees for each transaction by 24%. Plus, zk-STARK networks are resistant to attacks from quantum computers.
Although zk-STARK is still in its early developmental phases, it has a lot to offer in terms of operational scalability and cost efficiency. It could pave the way for ZKP as a technological enabler, catalyzing the transition from Web2 to Web3.
Web3’s promise to restore user autonomy and privacy is supported by Zero-Knowledge Proof (ZKP), a technological enabler that can help make this a reality. From its technical variations to use cases in different industry verticals, APAC DAO is exploring the fundamentals of ZKP. Exciting times ahead for Web3!