zK-SNARK

zk-SNARK, known as the zero-knowledge succinct non-interactive argument of knowledge. It is a cryptographic technology that allows one party, called the prover, to prove the validity of a statement to another party, called the verifier, without revealing any additional information beyond the truth of the statement itself. In simple terms, zk-SNARKs enable a prover to convince a verifier that a statement is true without revealing any underlying data or details related to that statement. This property is known as zero-knowledge, as the prover doesn't need to disclose any additional information other than the fact that the statement is valid.

Cryptocurrency
Fintech