How does zero-knowledge proof authentication help create a portable digital i...
Zero-knowledge proofs are probabilistic assessments that take efficiency of portable digital identity solutions to the next level. Web engineers have been working for a long time to determine if there is a way to prove something is true without revealing any data that substantiates the claim. Zero-knowledge proof (ZKP) technology has enabled the deployment of cryptographic algorithms for verifying the veracity of claims regarding the possession of data without unraveling it. These proof mechanisms have led to advanced mechanisms that enhance privacy and security.Leveraging blockchain deals....
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zk-STARKs and zk-SNARKs are the two most well-known zero-knowledge proof technologies. Learn what they mean and the difference between the two in this guide. zk-STARKs vs. zk-SNARKs: Main differencesBoth zk-STARKS and zk-SNARKs are types of non-interactive ZKPs. However, they are different from various perspectives, as discussed in the table below:Based on the above discussion, are STARKs better than SNARKs? zk-STARKs are clearly portrayed favorably in the comparison with zk-SNARKs. Compared to zk-SNARKs, they provide more scalability, transparency and security for the blockchains.....
The zero-knowledge-based platform is expected to be fully operational in Q3 of 2022. Layer-2 Ethereum scaling solution, Polygon (MATIC) has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (DApp) economies by providing users greater privacy and sovereignty within Web3.Professed to be the first identity platform of its kind to adopt cryptographic-based zero-knowledge technology, the platform will utilize Iden3’s Circom ZK toolkit, including zk-SNARK cryptography for the generation and the zk-Proof....
According to the findings of a joint Arcane Research and Bitstamp study, bitcoin’s unique characteristics, which include it being “the most portable asset”, are the likely contributing factors behind the increasing use of the crypto as a collateral asset. Bitcoin Unmatched This is evidenced by the study’s data which shows that approximately “420,000 bitcoins were used as collateral in various loans in the lending markets in Q4 of 2020.” This figure is nearly double the 213,000 bitcoins that were used as collateral in Q4 of 2019. In another boost to the....
ChangeTip today announced it was integrating Two-factor-authentication on their platform. With the integrating of a 2FA option, the company expects to offer enhanced security to the customers' accounts. ChangeTip knows the importance of security is. So today, we are releasing Two-Factor Authentication to our users. ChangeTip's mission is to enable a truly global economy by reducing economic disparity through the efficient and open transfer of value to and from each other. Together, as a strong and robust community, the company embraces Bitcoin and shows that micropayments are a great use....
ChangeTip today announced it was integrating Two-factor-authentication on their platform. With the integrating of a 2FA option, the company expects to offer enhanced security to the customers' accounts. ChangeTip knows the importance of security and now has released a Two-Factor Authentication to enhance the security of its customers. ChangeTip's mission is to enable a truly global economy by reducing economic disparity through the efficient and open transfer of value to and from each other. The company embraces Bitcoin and show that micropayments are a great use case for the technology.....