Tag: zero-knowledge proof

Blockchain technology operates as a public, decentralized, and distributed ledger. The blockchain records and stores historical transaction data, allowing transaction processing without involving a trusted third party. However, since blockchains are transparent, malicious users may try to access private transaction data such as wallet addresses, account balances, and transaction amounts. Therefore, while the blockchain is becoming more widely accepted in various industries, the sector still needs to overcome challenges to acquire more corporate migration. That's where zero-knowledge proof technology comes into play.