Question

What is zk-SNARK in blockchain?

Answer 1

zk-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. In blockchain technology, zk-SNARK is a cryptographic method that allows for the verification of transactions without revealing the actual data involved. It enables parties to prove possession of certain information without disclosing that information, thus maintaining privacy and security in transactions.

Answer 2

zk-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. In blockchain technology, zk-SNARK is a method of providing proof of the validity of a transaction without revealing any sensitive information. It allows parties to prove that a statement is true without revealing the details of the statement itself, providing privacy and confidentiality in blockchain transactions. This technology is used in privacy-focused cryptocurrencies like Zcash to ensure the security and confidentiality of transactions on the blockchain.