A Zero Knowledge Contract is a smart contract that allows one party to prove to another that they know a specific piece of information without revealing the information itself. This is achieved through cryptographic techniques that ensure the privacy of the data involved.For example, a person could prove they are over a certain age without disclosing their exact birthdate. This ensures confidentiality while still allowing for verification of conditions set within the contract.This approach enhances privacy and security in transactions, enabling users to engage with contracts without exposing sensitive information. Zero Knowledge Contracts can be especially useful in scenarios where personal data protection is a priority, such as financial transactions or identity verification.By utilizing Zero Knowledge Proofs, these contracts help to prevent fraud while maintaining user privacy, making them increasingly relevant in various applications, including finance, identity management, and more.
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