Key Points:
With the constant advancement of computer technology in the digital era, we can easily store, transfer, and analyze a vast quantity of personal and corporate data on the Internet, raising worries about rights. Data security and privacy are also on the increase.
Zero-knowledge proof is a kind of cryptography. ZKP operates on the principle that a prover party shows to the verifier that the information he supplies is true without disclosing any real-life information.
For people who demand control and independence over their information, ZKP provides both flexibility and choice. Several use cases will be addressed if blockchain technology and ZKP are combined.
There are two types of zero-knowledge proofs: interactive and non-interactive.
Interactive zero-knowledge proofs (IZKPs) need a back-and-forth conversation between a prover and a verifier in which the prover replies to the verifier’s inquiries. This engagement may occur in person or over a network such as the Internet. Several interactions with the verifier are necessary in order for the verifier to request further information about the assertion being proven. In each round, the prover must respond to the verifier’s inquiry.
This interactive proving approach is possible for certain large problems, but it introduces time and computational cost concerns and necessitates communication from all players.
Non-interactive zero-knowledge proofs (NIZKPs), on the other hand, do not need interaction between the prover and the verifier. Instead, the prover generates a single, self-contained evidence that the verifier can independently check without the need for further communication. Since the prover and verifier do not have to be online at the same time or exchange many messages, this may be more convenient and efficient than interactive proofs.
Non-interactive proofs are speedier than interactive proofs and involve less processing and communication. Yet, it may not be a feasible approach at times, such as when extra information is necessary for proof or when proving an extremely complicated proposition.
The amount of confidence needed between the prover and verifier is one of the fundamental distinctions between interactive and non-interactive zero-knowledge proofs. In an interactive proof, the verifier must trust the prover to follow the protocol and reply honestly to their requests. In contrast, in a non-interactive proof, the verifier does not need to trust the prover since they may independently check the proof without depending on any information supplied by the prover.
Both interactive and non-interactive zero-knowledge proofs have advantages and disadvantages, and the optimum option for a particular case will be determined by the needs and limitations.
One of the oldest explored and extensively used zero-knowledge proof types is interactive zero-knowledge proof. There will be many rounds of contact between the prover and the verifier throughout this proving procedure.
Interactions between provers and verifiers are required for IZKP, which may be inefficient and time-consuming. To complete proof, the prover must exchange many messages with the verifier. When speed is crucial, such as in high-frequency trading or real-time decision-making, this might be an issue.
For example, you must enter a store to purchase alcohol, but you cannot verify your age beyond your appearance when the shopkeeper juvenile gets suspicious. You’ll have to explain how you can purchase alcohol using the voiceover at this point.
IZKP assumes that the prover and verifier are truthful and will not attempt to cheat or alter the evidence. This assumption, however, is not always correct, and the prover may attempt to deceive the verifier by sending bogus signals or modifying the evidence in some manner. This might jeopardize the proof’s integrity and diminish its use.
To put it plainly, you’re not old enough to drink, but you’re still using words to prove otherwise. If so, it would be disastrous.
Therefore, although IZKPs have the ability to offer excellent security and privacy guarantee, the drawbacks stated above have limited their broad use.
ZK-SNARK stands for Zero-Knowledge Succinct Non-Interactive Knowledge Argument. The ZK-SNARK protocol has the following characteristics:
To use the trusted setup, the user must trust the participants who produce the parameter. Yet, the creation of ZK-STARK has allowed for the demonstration of protocols that work in unstable contexts.
The term ZK-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge. ZK-STARK is identical to ZK-SNARK, but for the following differences:
ZK-STARKs create bigger proofs than ZK-SNARKs, implying greater verification costs. Yet, in certain circumstances (for example, proof of enormous datasets), ZK-STARK may be more cost-effective than ZK-SNARK.
Unlike zkSNARKs, zkSTARKs are based on the foundation of concise, interactive proofs, which implies that proofs may be quickly verified without requiring any interaction between the prover and verifier. As a result, zkSTARKs have better benefits in terms of security and scalability.
But, as technology advances, zero-knowledge-proof technologies will continue to evolve and be used.
While blockchain provides decentralization, transparency, and many other advantages, just utilizing addresses instead of identities does not ensure privacy.
In terms of privacy and security verification, zero-knowledge-proof technology offers a wide range of applications. While it is not a new technology, its application to the growth of the blockchain sector still has a lot of new things to discover and show via practice.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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