Why zk-SNARKs Are Crucial For Blockchain Data Privacy

Data privacy has been a hot topic lately. The revelation that millions of Facebook users’ data were breached by the political consulting firm Cambridge Analytica has sent a jolt through the tech world.

With the amount of data people provide to companies like Facebook, it’s essential to have ways to protect information and keep sensitive data safe. And zk-SNARKs are a valuable weapon in the battle for privacy and security.

Known for its widespread use in Zcash, zk-SNARK is an acronym for “zero-knowledge, Succinct, Non-Interactive Argument of Knowledge.”

It’s a mouthful to say, but its capabilities are simple. zk-SNARK is a form of cryptography that proves possession of certain information without revealing that information, and without any interaction between the prover and verifier.

Sourced through Scoop.it from: www.forbes.com