Zero-Knowledge Succinct Non-interactive Argument of Knowledge (zk-SNARK) is a cryptographic proof system that allows one party to prove to another that they know a value without revealing the value itself.The “zero-knowledge” aspect ensures that the verifier learns nothing about the underlying information. “Succinct” means that the proof is very short and can be verified quickly, regardless of the complexity of the statement being proven. “Non-interactive” eliminates the need for back-and-forth communication between the prover and verifier, as the proof can be sent as a single message.This technology allows for enhanced privacy and scalability in various applications, such as making transactions confidential while still ensuring their validity on a public ledger. By utilizing zk-SNARKs, systems can confirm that a transaction is legitimate without exposing the details of the transaction itself. This capability is crucial for protecting users’ privacy while maintaining trust in the verification process.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to