Crypto 101: What are Zero Knowledge Proofs? (zk Proofs Explained) скачать в хорошем качестве

Crypto 101: What are Zero Knowledge Proofs? (zk Proofs Explained)

Today's topic is incredibly intriguing - zero knowledge proofs and rollups in crypto. In this video, we'll delve into what they are, how they work, and explore examples of digital assets utilizing these technologies. Let's start with zero knowledge proofs. Imagine being able to prove you know a secret without actually revealing the secret itself. That's essentially what zero knowledge proofs are. They are a way to prove that a statement is true without revealing any information beyond the validity of the statement itself. This concept, although sounding like something from a spy movie, is a fundamental aspect of certain cryptographic practices in the crypto world. Now, why are zero knowledge proofs important in crypto? In cryptocurrency transactions, privacy and security are paramount. Zero knowledge proofs allow for the verification of transactions without revealing the details of the parties involved or the transaction amount. This ensures privacy and security while maintaining the integrity of the blockchain. Moving on to rollups, they are a solution for scaling blockchain networks. As networks like Ethereum have grown, they've faced challenges like high gas fees and slower transaction times. Rollups help by processing transactions off the main Ethereum chain, but still posting transaction data onto it. This reduces the load on the main chain, leading to faster and cheaper transactions. There are two types of rollups: Zero Knowledge Rollups (ZK-Rollups) and Optimistic Rollups. ZK-Rollups bundle hundreds of transactions off-chain and generate a cryptographic proof, known as a SNARK (Succinct Non-Interactive Argument of Knowledge). This proof is then posted to the Ethereum network. The beauty of ZK-Rollups is that they offer both scalability and privacy, using zero knowledge proofs to ensure the latter. Optimistic Rollups, on the other hand, assume transactions are valid by default and only run computations in the event of a challenge. While they offer improved scalability, they do not inherently provide the same level of privacy as ZK-Rollups. Now, let's look at some examples of digital assets using these technologies. One prominent example is Zcash, a cryptocurrency that uses zero knowledge proofs to offer enhanced privacy for its users. Transactions on Zcash can be “shielded”, allowing for the encryption of transaction data. Another example in the world of Ethereum-based DApps is Loopring. Loopring uses ZK-Rollups to facilitate high-speed and low-cost trading and payments on Ethereum, effectively leveraging the power of zero knowledge proofs for better scalability and privacy. In conclusion, zero knowledge proofs and rollups represent groundbreaking advancements in the world of cryptocurrency and digital assets. They address key issues like privacy, security, and scalability, making blockchain networks more efficient and user-friendly. Thanks for watching! We hope this video has illuminated the exciting technologies of zero knowledge proofs and rollups in crypto. For more content on the ever-evolving world of digital assets, don’t forget to like, share, and subscribe. Stay curious and keep exploring the world of crypto with us. Until next time!