Enhancing Security and Privacy on the Bitcoin Network with Zero-Knowledge Proofs | HackerNoon
Briefly

from Hackernoon1 year ago
Security and privacy remain the biggest issues to most because of the transparency and immutability offered by blockchain. However, the solution lies in zero-knowledge proofs, or ZKPs.
Hackernoonhttps://hackernoon.com/enhancing-security-and-privacy-on-the-bitcoin-network-with-zero-knowledge-proofs
ZKPs dramatically increase the privacy and security of transactions, allowing for anonymous transactions while maintaining identification and details of the transactions.
Hackernoonhttps://hackernoon.com/enhancing-security-and-privacy-on-the-bitcoin-network-with-zero-knowledge-proofs
This type of defense limits the chance for jacking to be carried out on one's money in terms of double spending and changing the record of transactions.
Hackernoonhttps://hackernoon.com/enhancing-security-and-privacy-on-the-bitcoin-network-with-zero-knowledge-proofs
Thus, using zero-knowledge proofs in cryptocurrencies can help eliminate the major privacy and security problems while using digital currencies.
Hackernoonhttps://hackernoon.com/enhancing-security-and-privacy-on-the-bitcoin-network-with-zero-knowledge-proofs
Read at Hackernoon
#zero-knowledge-proofs #cryptography #cryptocurrency-security #privacy #blockchain-technology
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