February 9, 2022, 4:43PM EST
• 12 min read
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Quick Take
- Zero knowledge projects utilize zk proofs to compress data and reduce the computation required for verifiers to validate transactions
- The two main value propositions for utilizing zk proofs are scaling transaction throughput and conferring privacy for users
- Apart from the notable names like StarkWare and Matter Labs, there are a number of zk-based projects which have seen increased media attention
- Unlike StarkWare and Matter Labs, there are some zk-based blockchain projects which have decided to build their own layer 1 chains
- Many of these zk-based projects have innovative use cases for validity proofs, which allows them to invent some unique features in the blockchain domain
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