Snacks
DEFI(NE)

Heard on the Block: "zero-knowledge proofs"

Snacks / Wednesday, March 08, 2023

🃏 Like convincing the table you weren't bluffing… without showing your cards

What if you wanted to prove to someone that you weren’t a criminal without revealing your identity? In cryptography, zero-knowledge proofs are a mathematical way to prove a claim is true without showing the actual data backing it up.

Smart contract Tornado Cash was sanctioned over concerns that criminals used it to launder stolen crypto. But now a new Tornado Cash fork called Privacy Pools is using zero-knowledge proofs to show that anonymous crypto transactions aren't tied to crime.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.