A Zero Knowledge Proof (ZKP) is a method that allows one party to prove to another that they know a certain piece of information without revealing the information itself. In practice, this often involves complex mathematical algorithms. The party that possesses the knowledge, known as the prover, can demonstrate their knowledge to another party, called the verifier, without disclosing any specific details. For example, imagine a person wants to prove they know a secret password without actually saying it. Using a ZKP, they can create a scenario where the verifier can be confident the prover knows the password, while the password remains confidential.ZKPs enhance privacy and security in transactions, allowing users to validate their identities or assets without exposing sensitive information. This is especially valuable in systems that require confidentiality, such as wallets or identity verification, enabling a higher level of trust between parties while minimizing the risk of data exposure.