Zero-Knowledge Proofs Explained

Zero-Knowledge (ZK) proofs are a cryptographic method that allows one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. In the context of blockchain and zkMarkets:

  • ZK-Rollups: This technology allows us to "roll up" multiple transactions into a single proof, which is then verified on the Ethereum mainnet. This significantly reduces transaction costs and increases throughput.

  • Privacy: While not currently implemented, ZK proofs have the potential to enhance privacy in NFT transactions in the future.

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