An overview of zero knowledge projects


February 9, 2022, 4:43PM EST

• 12 min read

Track live crypto price of 10000+ coins!


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
Related:  SEC Chair Gensler Proposes 'One Rule Book' Crypto Regulation – Regulation Bitcoin News

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link