An issue inherent with blockchain systems is their inability to expand without sacrificing security or decentralization – a concept coined by Ethereum co-founder Vitalik Buterin as the "blockchain trilemma."
However, the emergence of zero knowledge (ZK) cryptography promises to transform the way blockchains process, encrypt and share data, offering powerful solutions that address the most formidable scaling challenges.
ZK technology, such as zk-proofs (ZKP), verifies data without revealing any information beyond that necessary to prove the veracity of the data. This makes them an ideal component in privacy protocols and digital IDs where data privacy is critical.
cryptonews.com.au
